Bank First Co. (NASDAQ:BFC) Shares Sold by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC cut its position in Bank First Co. (NASDAQ:BFC) by 1.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 17,377 shares of the company’s stock after selling 208 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Bank First were worth $1,506,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of BFC. Vanguard Group Inc. lifted its holdings in Bank First by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 510,701 shares of the company’s stock worth $39,401,000 after buying an additional 5,182 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Bank First by 167.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 67,538 shares of the company’s stock valued at $5,211,000 after purchasing an additional 42,240 shares during the period. Swiss National Bank grew its stake in Bank First by 6.6% during the 3rd quarter. Swiss National Bank now owns 19,417 shares of the company’s stock worth $1,498,000 after purchasing an additional 1,200 shares in the last quarter. Avantax Advisory Services Inc. increased its holdings in Bank First by 1.9% during the 3rd quarter. Avantax Advisory Services Inc. now owns 10,887 shares of the company’s stock worth $840,000 after purchasing an additional 200 shares during the period. Finally, Raymond James & Associates purchased a new stake in Bank First during the 4th quarter worth about $631,000. Institutional investors and hedge funds own 29.95% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on BFC shares. Piper Sandler lowered their price objective on Bank First from $90.00 to $87.00 and set a “neutral” rating for the company in a research report on Thursday, April 18th. Hovde Group cut shares of Bank First from an “outperform” rating to a “market perform” rating in a report on Monday, March 4th.

Bank First Stock Down 2.4 %

Bank First stock traded down $1.93 during midday trading on Wednesday, reaching $77.35. The company’s stock had a trading volume of 5,018 shares, compared to its average volume of 18,983. The company has a market cap of $784.33 million, a P/E ratio of 10.30 and a beta of 0.27. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.03. The business has a 50-day simple moving average of $82.94 and a 200-day simple moving average of $83.47. Bank First Co. has a fifty-two week low of $65.00 and a fifty-two week high of $92.50.

Bank First Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Wednesday, June 26th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.81%. The ex-dividend date of this dividend is Tuesday, June 25th. Bank First’s dividend payout ratio (DPR) is presently 18.18%.

Insider Buying and Selling

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