Nicolet Advisory Services LLC Has $6.46 Million Holdings in Bank First Co. (NASDAQ:BFC)

Nicolet Advisory Services LLC trimmed its holdings in Bank First Co. (NASDAQ:BFC) by 66.2% in the 3rd quarter, Holdings Channel reports. The fund owned 74,673 shares of the company’s stock after selling 146,153 shares during the quarter. Nicolet Advisory Services LLC’s holdings in Bank First were worth $6,459,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its position in Bank First by 0.8% during the first quarter. Vanguard Group Inc. now owns 485,954 shares of the company’s stock worth $42,118,000 after buying an additional 3,809 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Bank First by 6.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 74,870 shares of the company’s stock worth $6,791,000 after purchasing an additional 4,480 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Bank First by 10.0% during the second quarter. Bank of New York Mellon Corp now owns 45,912 shares of the company’s stock valued at $3,792,000 after purchasing an additional 4,157 shares during the period. American Century Companies Inc. raised its stake in shares of Bank First by 167.3% in the second quarter. American Century Companies Inc. now owns 37,873 shares of the company’s stock valued at $3,128,000 after purchasing an additional 23,705 shares in the last quarter. Finally, F M Investments LLC bought a new position in Bank First in the second quarter worth $2,560,000. Institutional investors and hedge funds own 29.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler boosted their price target on shares of Bank First from $99.00 to $104.00 and gave the company a “neutral” rating in a report on Thursday, October 17th.

Bank First Trading Up 1.9 %

BFC stock opened at $106.79 on Friday. Bank First Co. has a 1-year low of $74.90 and a 1-year high of $109.83. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.02. The business’s 50 day moving average is $94.45 and its 200-day moving average is $88.46. The firm has a market cap of $1.07 billion, a P/E ratio of 13.12 and a beta of 0.30.

Bank First (NASDAQ:BFC) last announced its quarterly earnings results on Tuesday, October 15th. The company reported $1.65 EPS for the quarter, beating the consensus estimate of $1.54 by $0.11. Bank First had a return on equity of 10.10% and a net margin of 32.02%. The business had revenue of $58.93 million for the quarter, compared to analyst estimates of $39.60 million. Equities analysts anticipate that Bank First Co. will post 6.35 earnings per share for the current fiscal year.

Bank First Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Monday, December 23rd will be issued a $0.45 dividend. This is a positive change from Bank First’s previous quarterly dividend of $0.40. The ex-dividend date is Monday, December 23rd. This represents a $1.80 annualized dividend and a dividend yield of 1.69%. Bank First’s dividend payout ratio is presently 19.66%.

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.