Charles Schwab Investment Management Inc. Boosts Stock Position in Bank First Co. (NASDAQ:BFC)

Charles Schwab Investment Management Inc. raised its position in Bank First Co. (NASDAQ:BFC) by 6.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,870 shares of the company’s stock after purchasing an additional 4,480 shares during the period. Charles Schwab Investment Management Inc. owned about 0.75% of Bank First worth $6,791,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of BFC. Quest Partners LLC increased its stake in shares of Bank First by 65,700.0% during the 2nd quarter. Quest Partners LLC now owns 658 shares of the company’s stock valued at $54,000 after acquiring an additional 657 shares during the last quarter. Arizona State Retirement System grew its stake in shares of Bank First by 5.5% during the 2nd quarter. Arizona State Retirement System now owns 2,554 shares of the company’s stock valued at $211,000 after buying an additional 133 shares during the period. Price T Rowe Associates Inc. MD acquired a new stake in shares of Bank First during the 1st quarter worth $232,000. SG Americas Securities LLC raised its position in shares of Bank First by 91.7% in the 3rd quarter. SG Americas Securities LLC now owns 3,696 shares of the company’s stock worth $335,000 after buying an additional 1,768 shares during the period. Finally, Harbour Investments Inc. boosted its holdings in Bank First by 6.3% in the second quarter. Harbour Investments Inc. now owns 4,250 shares of the company’s stock valued at $351,000 after acquiring an additional 250 shares during the last quarter. 29.95% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Piper Sandler boosted their target price on Bank First from $99.00 to $104.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th.

Bank First Stock Performance

NASDAQ:BFC opened at $108.79 on Thursday. Bank First Co. has a twelve month low of $74.90 and a twelve month high of $110.49. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of 13.36 and a beta of 0.34. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.02. The firm’s fifty day simple moving average is $98.70 and its 200 day simple moving average is $90.67.

Bank First (NASDAQ:BFC) last posted its earnings results on Tuesday, October 15th. The company reported $1.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.11. The business had revenue of $58.93 million during the quarter, compared to analyst estimates of $39.60 million. Bank First had a return on equity of 10.10% and a net margin of 32.02%. As a group, equities research analysts expect that Bank First Co. will post 6.35 earnings per share for the current fiscal year.

Bank First Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Monday, December 23rd will be issued a $0.45 dividend. The ex-dividend date of this dividend is Monday, December 23rd. This represents a $1.80 dividend on an annualized basis and a yield of 1.65%. This is a positive change from Bank First’s previous quarterly dividend of $0.40. Bank First’s payout ratio is currently 22.11%.

Bank First 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.