JPMorgan Chase & Co. Has $4.81 Million Holdings in Bank First Co. (NASDAQ:BFC)

JPMorgan Chase & Co. increased its stake in Bank First Co. (NASDAQ:BFC) by 103.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 48,500 shares of the company’s stock after buying an additional 24,635 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.48% of Bank First worth $4,806,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in Bank First by 2.1% in the 4th quarter. Vanguard Group Inc. now owns 518,341 shares of the company’s stock worth $51,362,000 after purchasing an additional 10,789 shares in the last quarter. State Street Corp increased its position in shares of Bank First by 3.4% during the third quarter. State Street Corp now owns 238,225 shares of the company’s stock worth $21,701,000 after buying an additional 7,822 shares during the period. Geode Capital Management LLC increased its holdings in Bank First by 3.7% in the third quarter. Geode Capital Management LLC now owns 222,204 shares of the company’s stock worth $20,158,000 after purchasing an additional 7,922 shares in the last quarter. Merit Financial Group LLC increased its stake in Bank First by 88.7% in the fourth quarter. Merit Financial Group LLC now owns 179,814 shares of the company’s stock valued at $17,818,000 after purchasing an additional 84,524 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Bank First by 0.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 75,563 shares of the company’s stock worth $7,488,000 after purchasing an additional 693 shares during the period. 29.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Bank First

In other news, Director Daniel C. Mcconeghy purchased 380 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was bought at an average cost of $105.72 per share, for a total transaction of $40,173.60. Following the acquisition, the director now directly owns 2,000 shares of the company’s stock, valued at $211,440. This represents a 23.46 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael S. Stayer-Suprick purchased 1,000 shares of the stock in a transaction on Wednesday, February 19th. The shares were acquired at an average cost of $102.07 per share, with a total value of $102,070.00. Following the transaction, the director now directly owns 3,035 shares in the company, valued at $309,782.45. The trade was a 49.14 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 4.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Separately, Piper Sandler increased their price target on Bank First from $110.00 to $111.00 and gave the company a “neutral” rating in a research report on Thursday.

Bank First Price Performance

Shares of NASDAQ BFC opened at $106.30 on Friday. 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 has a market cap of $1.06 billion, a price-to-earnings ratio of 16.35 and a beta of 0.31. Bank First Co. has a 1-year low of $76.75 and a 1-year high of $110.49. The stock has a fifty day simple moving average of $101.78 and a two-hundred day simple moving average of $100.33.

Bank First (NASDAQ:BFC) last issued its 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. Bank First had a net margin of 29.00% and a return on equity of 10.53%. The business had revenue of $43.10 million for the quarter, compared to analysts’ expectations of $41.80 million. Analysts anticipate that Bank First Co. will post 6.9 earnings per share for the current year.

Bank First Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Wednesday, June 25th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend is Wednesday, June 25th. Bank First’s dividend payout ratio is currently 26.43%.

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.