Two Sigma Investments LP Sells 4,291 Shares of Bank First Co. (NASDAQ:BFC)

Two Sigma Investments LP reduced its position in shares of Bank First Co. (NASDAQ:BFC - Free Report) by 51.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,991 shares of the company's stock after selling 4,291 shares during the quarter. Two Sigma Investments LP's holdings in Bank First were worth $395,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of BFC. Commonwealth Equity Services LLC increased its stake in shares of Bank First by 2.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 4,731 shares of the company's stock worth $469,000 after purchasing an additional 105 shares during the last quarter. Mariner LLC increased its position in Bank First by 4.7% during the fourth quarter. Mariner LLC now owns 2,497 shares of the company's stock worth $247,000 after buying an additional 112 shares during the last quarter. Citadel Advisors LLC increased its position in Bank First by 1.2% during the fourth quarter. Citadel Advisors LLC now owns 10,264 shares of the company's stock worth $1,017,000 after buying an additional 119 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Bank First by 2.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,506 shares of the company's stock valued at $546,000 after buying an additional 124 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of Bank First by 4.2% in the fourth quarter. Renaissance Technologies LLC now owns 5,000 shares of the company's stock worth $495,000 after buying an additional 200 shares during the last quarter. Institutional investors and hedge funds own 29.95% of the company's stock.

Wall Street Analyst Weigh In

BFC has been the topic of several recent analyst reports. Hovde Group upgraded shares of Bank First from a "market perform" rating to an "outperform" rating and set a $130.00 target price on the stock in a report on Tuesday, May 6th. Piper Sandler lifted their price objective on Bank First from $110.00 to $111.00 and gave the stock a "neutral" rating in a research note on Thursday, April 17th.

Bank First Stock Performance

BFC stock traded down $3.62 on Friday, reaching $112.02. 56,174 shares of the company were exchanged, compared to its average volume of 28,061. The firm has a market capitalization of $1.11 billion, a PE ratio of 17.23 and a beta of 0.39. Bank First Co. has a 12 month low of $77.00 and a 12 month high of $119.04. The stock's fifty day moving average price is $111.71 and its 200 day moving average price is $105.19. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.00 and a quick ratio of 1.00.

Bank First (NASDAQ:BFC - Get Free Report) last announced 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. Bank First had a net margin of 29.00% and a return on equity of 10.53%. The business had revenue of $43.10 million during the quarter, compared to analyst estimates of $41.80 million. On average, research analysts anticipate that Bank First Co. will post 6.9 EPS for the current fiscal year.

Bank First Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, May 9th were issued a dividend of $3.50 per share. The ex-dividend date was Friday, May 9th. This is a positive change from Bank First's previous dividend of $0.20. Bank First's dividend payout ratio (DPR) is presently 26.43%.

About Bank First

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.