Heck Capital Advisors LLC Acquires Stake in Bank First Co. (NASDAQ:BFC)

Heck Capital Advisors LLC has recently taken a new position in Bank First Co. (NASDAQ:BFC) during the fourth quarter, as reported in its latest 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,525 shares of Bank First stock, with an estimated value of around $349,000.

Other institutional investors have also adjusted their holdings in Bank First. For instance, Dimensional Fund Advisors LP increased its stake in Bank First by 158.0% during the second quarter, bringing its total ownership to 12,579 shares, valued at approximately $1,039,000, after acquiring an additional 7,703 shares. Similarly, Marshall Wace LLP raised its holding by 61.4% in the same quarter, now owning 6,513 shares worth $538,000 following a purchase of 2,478 shares.

SG Americas Securities LLC expanded its position by 91.7% in the third quarter, holding 3,696 shares of Bank First valued at $335,000 after acquiring 1,768 additional shares. Furthermore, Quest Partners LLC significantly boosted its stake by 212.6% during the third quarter, now possessing 2,057 shares valued at $187,000, following the acquisition of 1,399 shares.

Charles Schwab Investment Management Inc. also increased its ownership in Bank First by 6.4% during the third quarter, currently holding 74,870 shares worth $6,791,000, after acquiring an additional 4,480 shares. Overall, 29.95% of Bank First's shares are currently owned by institutional investors and hedge funds.

Analysts Predict Positive Outlook

In a separate analysis, Piper Sandler raised its price target for Bank First shares from $99.00 to $104.00, maintaining a "neutral" rating according to their research report on October 17th.

Bank First Stock Performance

As for the stock's performance, Bank First shares opened at $101.18 on Friday. The company boasts a market capital of $1.01 billion, a P/E ratio of 15.57, and a beta of 0.35. The stock has seen a low of $74.90 and a high of $110.49 over the past year, with a current ratio of 1.00, a quick ratio of 1.00, and a debt-to-equity ratio of 0.02. Notably, the 50-day and 200-day simple moving averages are $101.87 and $95.53, respectively.

Bank First recently reported its earnings results on January 21st, showing earnings per share (EPS) of $1.74 for the quarter, surpassing analysts' expectations of $1.55 by $0.19. The company has a net margin of 29.00% and a return on equity of 10.53%. Analysts predict that Bank First will post an EPS of 6.9 for the current fiscal year.

Dividend Announcement from Bank First

Additionally, Bank First has announced a quarterly dividend to be paid on April 9th, with stockholders of record set to receive $0.45 per share. This dividend reflects an annualized amount of $1.80 and a yield of 1.78%. The ex-dividend date is March 26th, and Bank First's dividend payout ratio currently stands at 27.69%.

Company Overview

Bank First Corporation serves as the holding company for Bank First, N.A. It offers a range of consumer and commercial financial services to various clients, including businesses, professionals, consumers, associations, individuals, and governmental authorities in Wisconsin. The services provided include checking and savings accounts, money market accounts, cash management, retirement accounts, health savings accounts, time deposits, certificates of deposit, and residential mortgage products.

Investment, Banking, Finance