Bank First (NASDAQ:BFC) Price Target Cut to $87.00 by Analysts at Piper Sandler

Bank First (NASDAQ:BFC) had its target price cut by stock analysts at Piper Sandler from $90.00 to $87.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Piper Sandler’s price objective indicates a potential upside of 13.58% from the stock’s previous close.

Separately, Hovde Group lowered Bank First from an “outperform” rating to a “market perform” rating in a research note on Monday, March 4th.

Bank First Trading Up 0.4 %

Shares of BFC traded up $0.32 during trading hours on Thursday, hitting $76.60. 1,259 shares of the stock traded hands, compared to its average volume of 18,852. 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 $776.72 million, a PE ratio of 9.94 and a beta of 0.27. The business has a fifty day moving average of $83.37 and a 200-day moving average of $83.42.

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

Insider Buying and Selling at Bank First

In related news, Director Mary Kay Bourbulas bought 600 shares of the business’s stock in a transaction on Friday, March 15th. The shares were purchased at an average price of $82.88 per share, with a total value of $49,728.00. Following the completion of the purchase, the director now owns 7,003 shares of the company’s stock, valued at approximately $580,408.64. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. In other Bank First news, Director Phillip R. Maples purchased 650 shares of the company’s stock in a transaction dated 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 is available through this hyperlink. Also, Director Mary Kay Bourbulas purchased 600 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were acquired at an average cost of $82.88 per share, for a total transaction of $49,728.00. Following the transaction, the director now owns 7,003 shares of the company’s stock, valued at $580,408.64. The disclosure for this purchase can be found here. Insiders own 5.73% of the company’s stock.

Institutional Investors Weigh In On Bank First

A number of hedge funds have recently modified their holdings of BFC. Moneta Group Investment Advisors LLC raised its position in shares of Bank First by 85,912.7% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 6,016,591 shares of the company’s stock worth $558,460,000 after purchasing an additional 6,009,596 shares during the period. BlackRock Inc. raised its position in shares of Bank First by 18.7% during the second quarter. BlackRock Inc. now owns 644,043 shares of the company’s stock worth $53,584,000 after purchasing an additional 101,415 shares during the period. Vanguard Group Inc. raised its position in shares of Bank First by 28.8% during the third quarter. Vanguard Group Inc. now owns 408,408 shares of the company’s stock worth $31,235,000 after purchasing an additional 91,207 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Bank First by 167.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 67,538 shares of the company’s stock worth $5,211,000 after purchasing an additional 42,240 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of Bank First by 24.9% during the second quarter. Geode Capital Management LLC now owns 178,201 shares of the company’s stock worth $14,826,000 after buying an additional 35,502 shares in the last quarter. Institutional investors and hedge funds own 29.95% of the company’s stock.

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.