Northern Trust Corp Purchases 5,098 Shares of Bank First Co. (NASDAQ:BFC)

Northern Trust Corp grew its stake in shares of Bank First Co. (NASDAQ:BFC - Free Report) by 5.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 95,639 shares of the company's stock after acquiring an additional 5,098 shares during the quarter. Northern Trust Corp owned about 0.96% of Bank First worth $9,477,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Sterling Capital Management LLC lifted its position in Bank First by 771.4% in the 4th quarter. Sterling Capital Management LLC now owns 305 shares of the company's stock valued at $30,000 after acquiring an additional 270 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Bank First in the 4th quarter worth $189,000. Hanlon Investment Management Inc. purchased a new position in shares of Bank First in the fourth quarter worth $218,000. Hsbc Holdings PLC bought a new position in shares of Bank First during the fourth quarter valued at $230,000. Finally, Mariner LLC boosted its position in shares of Bank First by 4.7% during the fourth quarter. Mariner LLC now owns 2,497 shares of the company's stock valued at $247,000 after buying an additional 112 shares during the last quarter. Hedge funds and other institutional investors own 29.95% of the company's stock.

Bank First Stock Performance

BFC traded down $0.50 during mid-day trading on Thursday, reaching $115.20. 16,996 shares of the company traded hands, compared to its average volume of 22,057. The company's fifty day moving average price is $106.95 and its 200-day moving average price is $103.83. The stock has a market capitalization of $1.14 billion, a P/E ratio of 17.72 and a beta of 0.42. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.02. Bank First Co. has a 52-week low of $77.00 and a 52-week high of $119.04.

Bank First (NASDAQ:BFC - Get Free Report) last posted its quarterly earnings data on Tuesday, April 15th. The company reported $1.82 EPS for the quarter, beating analysts' consensus estimates of $1.62 by $0.20. The company had revenue of $43.10 million during the quarter, compared to analysts' expectations of $41.80 million. Bank First had a return on equity of 10.53% and a net margin of 29.00%. On average, sell-side analysts expect that Bank First Co. will post 6.9 EPS for the current year.

Bank First Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, May 9th were paid a $3.50 dividend. The ex-dividend date was Friday, May 9th. This is a boost from Bank First's previous dividend of $0.20. Bank First's dividend payout ratio is 26.43%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on BFC shares. Piper Sandler lifted their price objective on Bank First from $110.00 to $111.00 and gave the stock a "neutral" rating in a report on Thursday, April 17th. Hovde Group upgraded shares of Bank First from a "market perform" rating to an "outperform" rating and set a $130.00 price target for the company in a research note on Tuesday, May 6th.

Insider Buying and Selling

In related news, Director Daniel C. Mcconeghy bought 380 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The shares were bought at an average cost of $105.72 per share, with a total value of $40,173.60. Following the acquisition, the director now owns 2,000 shares in the company, valued at $211,440. This trade represents a 23.46% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.42% of the stock is currently owned by insiders.

Bank First Company Profile

Bank First Corporation operates as a holding company for Bank First, N.A. that provides consumer and commercial financial services to businesses, professionals, consumers, associations, individuals, and governmental authorities in Wisconsin. It offers checking, savings, money market, cash management, retirement, and health savings accounts; other time deposits; certificates of deposit; and residential mortgage products.