Piper Sandler Lowers Bank First (NASDAQ:BFC) Price Target to $87.00

Bank First (NASDAQ:BFC) had its price objective reduced by Piper Sandler from $90.00 to $87.00 in a research note published on Thursday, Benzinga reports. They currently have a neutral rating on the stock.

Separately, Hovde Group downgraded shares of Bank First from an outperform rating to a market perform rating in a report on Monday, March 4th.

Bank First Stock Down 0.6 %

Bank First stock opened at $75.81 on Thursday. The firm has a 50 day simple moving average of $83.22 and a 200 day simple moving average of $83.37. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.03. Bank First has a 1-year low of $65.00 and a 1-year high of $92.50. The firm has a market capitalization of $768.71 million, a price-to-earnings ratio of 9.85 and a beta of 0.27.

Bank First (NASDAQ:BFC) last announced its quarterly earnings results on Tuesday, January 16th. The company reported $1.44 EPS for the quarter, beating the consensus estimate of $1.41 by $0.03. Bank First had a net margin of 32.08% and a return on equity of 10.16%. The firm had revenue of $75.37 million during the quarter. On average, analysts predict that Bank First will post 5.9 earnings per share for the current year.

Bank First Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Wednesday, June 26th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.85%. The ex-dividend date of this dividend is Wednesday, June 26th. Bank First’s payout ratio is 18.18%.

Insider Buying and Selling at Bank First

In related news, Director Phillip R. Maples acquired 650 shares of the company’s stock in a transaction dated Tuesday, February 6th. The stock was bought at an average cost of $81.72 per share, with a total value of $53,118.00. Following the acquisition, the director now owns 1,983 shares of the company’s stock, valued at approximately $162,050.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Mary Kay Bourbulas acquired 600 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was bought at an average cost of $82.88 per share, with a total value of $49,728.00. Following the acquisition, the director now owns 7,003 shares of the company’s stock, valued at approximately $580,408.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Phillip R. Maples acquired 650 shares of the company’s stock in a transaction dated Tuesday, February 6th. The shares were bought at an average cost of $81.72 per share, with a total value of $53,118.00. Following the completion of the acquisition, the director now directly owns 1,983 shares in the company, valued at approximately $162,050.76. The disclosure for this purchase can be found here. Insiders own 5.73% of the company’s stock.

Institutional Trading of Bank First

A number of hedge funds have recently made changes to their positions in BFC. Advisor Group Holdings Inc. lifted its stake in Bank First by 24.8% in the first quarter. Advisor Group Holdings Inc. now owns 3,278 shares of the company’s stock worth $236,000 after purchasing an additional 652 shares during the last quarter. Swiss National Bank lifted its stake in Bank First by 5.9% in the first quarter. Swiss National Bank now owns 16,217 shares of the company’s stock worth $1,167,000 after purchasing an additional 900 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Bank First by 0.9% in the first quarter. Bank of New York Mellon Corp now owns 32,784 shares of the company’s stock worth $2,360,000 after purchasing an additional 299 shares during the last quarter. American Century Companies Inc. lifted its stake in Bank First by 22.8% in the first quarter. American Century Companies Inc. now owns 9,672 shares of the company’s stock worth $696,000 after purchasing an additional 1,796 shares during the last quarter. Finally, MetLife Investment Management LLC lifted its stake in Bank First by 56.7% in the first quarter. MetLife Investment Management LLC now owns 4,172 shares of the company’s stock worth $300,000 after purchasing an additional 1,509 shares during the last quarter. 29.95% of the stock is owned by institutional investors.

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.