Invesco Ltd. Acquires 2,896 Shares of Bank First Co. (NASDAQ:BFC)

Invesco Ltd. boosted its holdings in Bank First Co. (NASDAQ:BFC) by 26.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,917 shares of the company’s stock after buying an additional 2,896 shares during the quarter. Invesco Ltd. owned approximately 0.14% of Bank First worth $1,379,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in Bank First by 2.1% during 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 during the last quarter. Merit Financial Group LLC raised its holdings in Bank First by 88.7% during the 4th quarter. Merit Financial Group LLC now owns 179,814 shares of the company’s stock worth $17,818,000 after purchasing an additional 84,524 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Bank First by 0.9% during the 4th 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 last quarter. American Century Companies Inc. raised its holdings in Bank First by 42.4% during the 4th quarter. American Century Companies Inc. now owns 63,294 shares of the company’s stock worth $6,272,000 after purchasing an additional 18,861 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Bank First by 103.2% during the 4th quarter. JPMorgan Chase & Co. now owns 48,500 shares of the company’s stock worth $4,806,000 after purchasing an additional 24,635 shares during the last quarter. Institutional investors own 29.95% of the company’s stock.

Insider Transactions at Bank First

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

Bank First Stock Performance

Shares of BFC stock opened at $109.18 on Thursday. The company has a market cap of $1.09 billion, a price-to-earnings ratio of 16.80 and a beta of 0.31. Bank First Co. has a 52 week low of $77.00 and a 52 week high of $113.22. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.02. The firm has a 50 day moving average of $103.07 and a 200-day moving average of $101.51.

Bank First (NASDAQ:BFC) last announced its quarterly earnings data on Tuesday, April 15th. The company reported $1.82 EPS 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 the consensus estimate of $41.80 million. Bank First had a net margin of 29.00% and a return on equity of 10.53%. On average, equities analysts forecast that Bank First Co. will post 6.9 earnings per share for the current year.

Bank First Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, May 9th will be given a dividend of $3.50 per share. This is an increase from Bank First’s previous dividend of $0.20. The ex-dividend date of this dividend is Friday, May 9th. Bank First’s dividend payout ratio (DPR) is 26.43%.

Analysts Set New Price Targets

Separately, Piper Sandler raised their price target on shares of Bank First from $110.00 to $111.00 and gave the stock a “neutral” rating in a report on Thursday, April 17th.

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.