Bank First Co. (NASDAQ:BFC) Shares Sold by Tcfg Wealth Management LLC

Tcfg Wealth Management LLC lowered its position in shares of Bank First Co. (NASDAQ:BFC) by 33.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,022 shares of the company’s stock after selling 1,000 shares during the quarter. Tcfg Wealth Management LLC’s holdings in Bank First were worth $204,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in BFC. Bank of New York Mellon Corp increased its holdings in shares of Bank First by 3.5% in the fourth quarter. Bank of New York Mellon Corp now owns 39,977 shares of the company’s stock valued at $3,961,000 after purchasing an additional 1,337 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Bank First by 0.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 75,563 shares of the company’s stock valued at $7,488,000 after purchasing an additional 693 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Bank First in the fourth quarter valued at approximately $287,000. Avantax Advisory Services Inc. increased its holdings in shares of Bank First by 2.9% in the fourth quarter. Avantax Advisory Services Inc. now owns 10,998 shares of the company’s stock valued at $1,090,000 after purchasing an additional 313 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Bank First in the fourth quarter valued at approximately $277,000. Institutional investors and hedge funds own 29.95% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Piper Sandler increased their price target on Bank First from $110.00 to $111.00 and gave the company 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 for the company in a report on Tuesday, May 6th.

Bank First Trading Down 3.1%

Shares of Bank First stock opened at $112.02 on Monday. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 17.23 and a beta of 0.39. Bank First Co. has a fifty-two week low of $77.00 and a fifty-two week high of $119.04. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a 50 day moving average of $111.71 and a 200 day moving average of $105.17.

Bank First (NASDAQ:BFC) last issued its quarterly earnings data on Tuesday, April 15th. The company reported $1.82 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.20. The company had revenue of $43.10 million during the quarter, compared to analyst estimates of $41.80 million. Bank First had a return on equity of 10.53% and a net margin of 29.00%. As a group, research analysts predict that Bank First Co. will post 6.9 earnings per share 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 given a $3.50 dividend. This is a positive change from Bank First’s previous dividend of $0.20. The ex-dividend date was Friday, May 9th. Bank First’s dividend payout ratio is presently 26.43%.

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.