ProShare Advisors LLC Buys Shares of 2,730 Bank First Co. (NASDAQ:BFC)

ProShare Advisors LLC acquired a new stake in shares of Bank First Co. (NASDAQ:BFC - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,730 shares of the company's stock, valued at approximately $271,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in BFC. Lazard Asset Management LLC purchased a new position in Bank First during the 4th quarter valued at $25,000. Sterling Capital Management LLC boosted its stake in shares of Bank First by 771.4% during the 4th quarter. Sterling Capital Management LLC now owns 305 shares of the company's stock valued at $30,000 after purchasing an additional 270 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Bank First during the 4th quarter valued at about $189,000. Hanlon Investment Management Inc. purchased a new position in shares of Bank First during the fourth quarter valued at about $218,000. Finally, Hsbc Holdings PLC bought a new position in Bank First in the fourth quarter worth about $230,000. Institutional investors own 29.95% of the company's stock.

Analyst Ratings Changes

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

Bank First Stock Up 1.4%

BFC traded up $1.57 during midday trading on Tuesday, reaching $116.51. The company's stock had a trading volume of 199,408 shares, compared to its average volume of 24,694. Bank First Co. has a 1 year low of $77.00 and a 1 year high of $119.04. The stock's 50-day moving average is $108.96 and its 200-day moving average is $104.56. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 17.92 and a beta of 0.39. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.02.

Bank First (NASDAQ:BFC - Get Free Report) last announced its quarterly earnings results on Tuesday, April 15th. The company reported $1.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.62 by $0.20. Bank First had a net margin of 29.00% and a return on equity of 10.53%. The company had revenue of $43.10 million for the quarter, compared to analysts' expectations of $41.80 million. As a group, research 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. Investors of record on Friday, May 9th were issued a $3.50 dividend. This is an increase from Bank First's previous dividend of $0.20. The ex-dividend date was Friday, May 9th. Bank First's dividend payout ratio (DPR) is presently 26.43%.

Bank First 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.