Two Sigma Investments LP Has $395,000 Stock Position in Bank First Co. (NASDAQ:BFC)

Two Sigma Investments LP lowered its stake in Bank First Co. (NASDAQ:BFC) by 51.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,991 shares of the company’s stock after selling 4,291 shares during the period. Two Sigma Investments LP’s holdings in Bank First were worth $395,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC raised its stake in shares of Bank First by 2.3% during the fourth quarter. Commonwealth Equity Services LLC now owns 4,731 shares of the company’s stock valued at $469,000 after acquiring an additional 105 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Bank First by 2.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,506 shares of the company’s stock worth $546,000 after buying an additional 124 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Bank First in the fourth quarter valued at $277,000. Raymond James Financial Inc. bought a new stake in Bank First in the fourth quarter valued at $287,000. Finally, Northern Trust Corp increased its stake in Bank First by 5.6% in the fourth quarter. Northern Trust Corp now owns 95,639 shares of the company’s stock valued at $9,477,000 after purchasing an additional 5,098 shares in the last quarter. Institutional investors and hedge funds own 29.95% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Hovde Group raised shares of Bank First from a “market perform” rating to an “outperform” rating and set a $130.00 price target for the company in a research note on Tuesday, May 6th. Piper Sandler lifted their price objective on shares of Bank First from $110.00 to $111.00 and gave the company a “neutral” rating in a report on Thursday, April 17th.

Bank First Stock Up 1.6%

Shares of NASDAQ BFC opened at $116.75 on Wednesday. The stock has a market capitalization of $1.16 billion, a P/E ratio of 17.96 and a beta of 0.39. The company has a 50-day moving average price of $110.66 and a 200-day moving average price of $105.01. Bank First Co. has a 1 year low of $77.00 and a 1 year high of $119.04. 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 released its quarterly earnings results on Tuesday, April 15th. The company reported $1.82 earnings per share for the quarter, topping the consensus estimate 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. On average, equities research analysts forecast that Bank First Co. will post 6.9 EPS for the current fiscal year.

Bank First Increases Dividend

The company also recently declared a dividend, which was paid on Friday, May 16th. Investors of record on Friday, May 9th were issued a dividend of $3.50 per share. The ex-dividend date of this dividend was Friday, May 9th. This is a boost from Bank First’s previous dividend of $0.20. Bank First’s payout ratio is 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.