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

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

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

Bank First Stock Performance

Shares of NASDAQ:BFC traded down $0.79 during midday trading on Thursday, reaching $115.64. 81,352 shares of the company's stock traded hands, compared to its average volume of 27,841. The company has a market cap of $1.15 billion, a price-to-earnings ratio of 17.79 and a beta of 0.39. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.00 and a current ratio of 1.00. Bank First Co. has a one year low of $77.00 and a one year high of $119.04. The stock has a 50 day moving average of $111.43 and a 200 day moving average of $105.15.

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, beating analysts' consensus estimates of $1.62 by $0.20. The firm had revenue of $43.10 million for the quarter, compared to the consensus estimate of $41.80 million. Bank First had a return on equity of 10.53% and a net margin of 29.00%. As a group, equities 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 announced a dividend, which was paid on Friday, May 16th. Shareholders 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 is currently 26.43%.

Analysts Set New Price Targets

Several equities research analysts have commented on BFC shares. Piper Sandler boosted their target price 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 raised Bank First from a "market perform" rating to an "outperform" rating and set a $130.00 price target on the stock in a report on Tuesday, May 6th.

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.