Bank of Nova Scotia Takes $298,000 Position in Bank First Co. (NASDAQ:BFC)

Bank of Nova Scotia bought a new stake in Bank First Co. (NASDAQ:BFCGet Rating) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 3,926 shares of the company’s stock, valued at approximately $298,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Amalgamated Bank acquired a new position in shares of Bank First during the first quarter worth about $57,000. Steward Partners Investment Advisory LLC lifted its stake in shares of Bank First by 100.0% in the first quarter. Steward Partners Investment Advisory LLC now owns 2,000 shares of the company’s stock worth $144,000 after acquiring an additional 1,000 shares in the last quarter. SG Americas Securities LLC bought a new stake in Bank First in the second quarter valued at about $200,000. Advisor Group Holdings Inc. increased its holdings in Bank First by 24.8% in the first quarter. Advisor Group Holdings Inc. now owns 3,278 shares of the company’s stock valued at $236,000 after buying an additional 652 shares during the last quarter. Finally, First Trust Advisors LP increased its holdings in Bank First by 9.8% in the first quarter. First Trust Advisors LP now owns 3,886 shares of the company’s stock valued at $280,000 after buying an additional 346 shares during the last quarter. Institutional investors and hedge funds own 27.21% of the company’s stock.

Bank First Price Performance

Shares of NASDAQ:BFC opened at $93.69 on Monday. The company’s fifty day moving average is $82.29 and its two-hundred day moving average is $77.80. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.05. Bank First Co. has a 12-month low of $68.28 and a 12-month high of $94.60. The company has a market cap of $845.93 million, a P/E ratio of 16.70 and a beta of 0.33.

Bank First (NASDAQ:BFCGet Rating) last announced its earnings results on Tuesday, October 18th. The company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.02. Bank First had a net margin of 34.15% and a return on equity of 13.50%. The company had revenue of $32.86 million for the quarter, compared to the consensus estimate of $33.60 million. Equities analysts expect that Bank First Co. will post 6.29 earnings per share for the current fiscal year.

Bank First Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 4th. Stockholders of record on Wednesday, December 21st will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date is Tuesday, December 20th. Bank First’s dividend payout ratio (DPR) is presently 17.83%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on BFC shares. Hovde Group upped their target price on Bank First to $88.00 in a report on Thursday, October 27th. Piper Sandler cut their target price on Bank First to $88.00 in a research report on Thursday, September 29th.

About Bank First

(Get Rating)

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. The company offers checking, savings, money market, cash management, retirement, and health savings accounts; other time deposits; certificates of deposit; and residential mortgage products.

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Institutional Ownership by Quarter for Bank First (NASDAQ:BFC)

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