Bank First Co. (NASDAQ:BFC) Position Boosted by Deutsche Bank AG

Deutsche Bank AG grew its holdings in shares of Bank First Co. (NASDAQ:BFC) by 59.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,137 shares of the company’s stock after purchasing an additional 3,405 shares during the period. Deutsche Bank AG owned approximately 0.09% of Bank First worth $905,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in BFC. JPMorgan Chase & Co. boosted its position in shares of Bank First by 103.2% during the 4th quarter. JPMorgan Chase & Co. now owns 48,500 shares of the company’s stock valued at $4,806,000 after purchasing an additional 24,635 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Bank First by 42.4% during the 4th quarter. American Century Companies Inc. now owns 63,294 shares of the company’s stock valued at $6,272,000 after purchasing an additional 18,861 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Bank First by 57.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 30,247 shares of the company’s stock worth $2,997,000 after buying an additional 11,096 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Bank First by 2.1% in the fourth quarter. Vanguard Group Inc. now owns 518,341 shares of the company’s stock worth $51,362,000 after buying an additional 10,789 shares during the period. Finally, Rosenthal Henry Capital Advisors Inc. acquired a new position in shares of Bank First in the fourth quarter worth about $1,031,000. Institutional investors own 29.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on BFC shares. Piper Sandler raised their target price 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. Hovde Group upgraded shares of Bank First from a “market perform” rating to an “outperform” rating and set a $130.00 target price for the company in a report on Tuesday, May 6th.

Bank First Stock Performance

Shares of BFC opened at $114.46 on Tuesday. Bank First Co. has a one year low of $77.00 and a one year high of $119.04. The company has a 50-day moving average of $107.67 and a two-hundred day moving average of $104.17. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of 17.61 and a beta of 0.42. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.00 and a quick ratio of 1.00.

Bank First (NASDAQ:BFC) last posted its quarterly earnings results on Tuesday, April 15th. The company reported $1.82 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $41.80 million. On average, equities research analysts expect that Bank First Co. will post 6.9 earnings per share for the current year.

Bank First Increases Dividend

The business also recently declared a dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, May 9th were 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 was Friday, May 9th. Bank First’s payout ratio is currently 26.43%.

Insider Activity

In other news, Director Daniel C. Mcconeghy purchased 380 shares of Bank First stock in a transaction dated 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 directly owns 2,000 shares in the company, valued at $211,440. This represents a 23.46% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 3.42% of the stock is currently owned by corporate insiders.

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.