Bank First (NASDAQ:BFC) Price Target Raised to $111.00 at Piper Sandler

Bank First (NASDAQ:BFC) had its price target lifted by equities researchers at Piper Sandler from $110.00 to $111.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Piper Sandler’s price target points to a potential upside of 3.40% from the stock’s previous close.

Bank First Stock Up 1.0 %

Bank First stock traded up $1.09 during midday trading on Thursday, hitting $107.36. 13,731 shares of the company were exchanged, compared to its average volume of 20,749. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.00 and a quick ratio of 1.00. Bank First has a fifty-two week low of $74.90 and a fifty-two week high of $110.49. The company’s fifty day moving average price is $101.66 and its 200-day moving average price is $100.00. The company has a market cap of $1.07 billion, a PE ratio of 16.52 and a beta of 0.31.

Bank First (NASDAQ:BFC) last released its quarterly earnings results on Tuesday, April 15th. The company reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.20. The firm had revenue of $43.10 million for the quarter, compared to the consensus estimate of $41.80 million. Bank First had a net margin of 29.00% and a return on equity of 10.53%. On average, research analysts predict that Bank First will post 6.9 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Daniel C. Mcconeghy acquired 380 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was purchased at an average cost of $105.72 per share, for a total transaction of $40,173.60. Following the purchase, the director now directly owns 2,000 shares in the company, valued at $211,440. This represents a 23.46 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Michael S. Stayer-Suprick bought 1,000 shares of the business’s stock in a transaction on Wednesday, February 19th. The stock was bought at an average price of $102.07 per share, for a total transaction of $102,070.00. Following the completion of the purchase, the director now directly owns 3,035 shares of the company’s stock, valued at $309,782.45. The trade was a 49.14 % increase in their position. The disclosure for this purchase can be found here. 4.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Bank First

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Commonwealth Equity Services LLC raised its position in shares of Bank First by 2.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 4,731 shares of the company’s stock worth $469,000 after buying an additional 105 shares in the last quarter. Mariner LLC lifted its position in Bank First by 4.7% in the fourth quarter. Mariner LLC now owns 2,497 shares of the company’s stock worth $247,000 after purchasing an additional 112 shares during the period. Citadel Advisors LLC increased its position in shares of Bank First by 1.2% during the 4th quarter. Citadel Advisors LLC now owns 10,264 shares of the company’s stock valued at $1,017,000 after purchasing an additional 119 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Bank First by 2.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,531 shares of the company’s stock valued at $449,000 after buying an additional 123 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Bank First by 2.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,506 shares of the company’s stock valued at $546,000 after buying an additional 124 shares in the last quarter. 29.95% of the stock is currently owned by institutional investors and hedge funds.

Bank First Company Profile

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.