Bank of Nova Scotia bought a new position in shares of Bank First Co. (NASDAQ:BFC – Get Rating) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 3,926 shares of the company’s stock, valued at approximately $298,000. Bank of Nova Scotia owned approximately 0.05% of Bank First at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Amalgamated Bank purchased a new stake in Bank First during the 1st quarter worth about $57,000. Steward Partners Investment Advisory LLC increased its holdings in shares of Bank First by 100.0% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 2,000 shares of the company’s stock valued at $144,000 after acquiring an additional 1,000 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Bank First in the 2nd quarter valued at about $200,000. Advisor Group Holdings Inc. increased its holdings in shares of Bank First by 24.8% in the 1st quarter. Advisor Group Holdings Inc. now owns 3,278 shares of the company’s stock valued at $236,000 after acquiring an additional 652 shares during the last quarter. Finally, First Trust Advisors LP increased its holdings in shares of Bank First by 9.8% in the 1st quarter. First Trust Advisors LP now owns 3,886 shares of the company’s stock valued at $280,000 after acquiring an additional 346 shares during the last quarter. Institutional investors and hedge funds own 27.21% of the company’s stock.
Bank First Trading Up 0.2 %
NASDAQ:BFC opened at $93.69 on Monday. The stock’s 50 day moving average price is $82.29 and its 200 day moving average price is $77.80. The company has a market capitalization of $845.93 million, a PE ratio of 16.70 and a beta of 0.33. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.05. Bank First Co. has a 52-week low of $68.28 and a 52-week high of $94.60.
Bank First Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 4th. Shareholders of record on Wednesday, December 21st will be given a dividend of $0.25 per share. The ex-dividend date is Tuesday, December 20th. This represents a $1.00 dividend on an annualized basis and a yield of 1.07%. Bank First’s payout ratio is 17.83%.
Wall Street Analyst Weigh In
A number of research firms have recently commented on BFC. Piper Sandler dropped their price objective on Bank First to $88.00 in a report on Thursday, September 29th. Hovde Group raised their price target on Bank First to $88.00 in a research note on Thursday, October 27th.
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. The company offers checking, savings, money market, cash management, retirement, and health savings accounts; other time deposits; certificates of deposit; and residential mortgage products.
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