Harbour Investments Inc. Buys 250 Shares of Bank First Co. (NASDAQ:BFC)

Harbour Investments Inc. grew its stake in shares of Bank First Co. (NASDAQ:BFC) by 6.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,250 shares of the company’s stock after acquiring an additional 250 shares during the quarter. Harbour Investments Inc.’s holdings in Bank First were worth $351,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in BFC. Vanguard Group Inc. lifted its holdings in Bank First by 0.8% in the first quarter. Vanguard Group Inc. now owns 485,954 shares of the company’s stock valued at $42,118,000 after acquiring an additional 3,809 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Bank First by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 68,545 shares of the company’s stock worth $5,940,000 after buying an additional 1,007 shares during the last quarter. Bank of New York Mellon Corp grew its position in Bank First by 10.0% during the second quarter. Bank of New York Mellon Corp now owns 45,912 shares of the company’s stock valued at $3,792,000 after buying an additional 4,157 shares during the period. Wealthcare Advisory Partners LLC purchased a new stake in Bank First during the first quarter valued at approximately $2,054,000. Finally, State of New Jersey Common Pension Fund D increased its holdings in Bank First by 21.4% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 19,318 shares of the company’s stock valued at $1,674,000 after buying an additional 3,399 shares during the last quarter. 29.95% of the stock is owned by hedge funds and other institutional investors.

Bank First Trading Up 0.6 %

Shares of NASDAQ:BFC opened at $93.27 on Friday. Bank First Co. has a 12-month low of $70.00 and a 12-month high of $96.00. The company has a market cap of $940.25 million, a PE ratio of 12.11 and a beta of 0.32. The stock has a 50 day moving average of $86.70 and a 200 day moving average of $83.69. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.02.

Bank First (NASDAQ:BFC) last announced its quarterly earnings data on Tuesday, July 16th. The company reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.13. Bank First had a net margin of 32.18% and a return on equity of 10.13%. The firm had revenue of $55.22 million during the quarter, compared to analysts’ expectations of $38.70 million. As a group, equities research analysts expect that Bank First Co. will post 6.1 EPS for the current year.

Bank First Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Wednesday, September 25th will be issued a dividend of $0.40 per share. The ex-dividend date is Wednesday, September 25th. This is a boost from Bank First’s previous quarterly dividend of $0.35. This represents a $1.60 dividend on an annualized basis and a yield of 1.72%. Bank First’s dividend payout ratio (DPR) is currently 20.78%.

Wall Street Analyst Weigh In

Separately, Piper Sandler raised their target price on Bank First from $84.00 to $99.00 and gave the stock a “neutral” rating in a report on Thursday, July 18th.

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.