Renaissance Technologies LLC Acquires 200 Shares of Bank First Co. (NASDAQ:BFC)

Renaissance Technologies LLC raised its holdings in shares of Bank First Co. (NASDAQ:BFC) by 4.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,000 shares of the company’s stock after purchasing an additional 200 shares during the period. Renaissance Technologies LLC’s holdings in Bank First were worth $495,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. KLP Kapitalforvaltning AS purchased a new position in Bank First during the fourth quarter valued at $189,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Bank First in the 4th quarter worth about $277,000. Raymond James Financial Inc. bought a new position in Bank First in the 4th quarter worth about $287,000. ExodusPoint Capital Management LP grew its position in Bank First by 8.6% during the 4th quarter. ExodusPoint Capital Management LP now owns 3,456 shares of the company’s stock valued at $342,000 after purchasing an additional 273 shares during the last quarter. Finally, Heck Capital Advisors LLC purchased a new stake in Bank First during the 4th quarter valued at about $349,000. 29.95% of the stock is currently owned by hedge funds and other institutional investors.

Bank First Stock Performance

Shares of BFC opened at $112.80 on Friday. The company has a market cap of $1.13 billion, a price-to-earnings ratio of 17.35 and a beta of 0.31. The business’s fifty day simple moving average is $103.39 and its two-hundred day simple moving average is $101.85. Bank First Co. has a 12 month low of $77.00 and a 12 month high of $113.73. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.02.

Bank First (NASDAQ:BFC) last released 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 return on equity of 10.53% and a net margin of 29.00%. Research analysts anticipate that Bank First Co. will post 6.9 earnings per share for the current fiscal 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 issued a dividend of $3.50 per share. This is a boost from Bank First’s previous dividend of $0.20. The ex-dividend date of this dividend is Friday, May 9th. Bank First’s payout ratio is presently 26.43%.

Insider Activity at Bank First

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

Wall Street Analysts Forecast Growth

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

Bank First Company 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.