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

Heck Capital Advisors LLC has made a new investment in Bank First Co. (NASDAQ:BFC) during the last quarter of the year. According to their latest 13F filing with the Securities & Exchange Commission, the firm purchased 3,525 shares of the bank's stock, which is valued at approximately $349,000.

A number of other hedge funds and institutional investors have also adjusted their positions in Bank First. Dimensional Fund Advisors LP increased its stake by 158.0% in the second quarter, acquiring an additional 7,703 shares. This brought their total ownership to 12,579 shares valued at around $1,039,000. Additionally, Marshall Wace LLP raised its holdings in Bank First by 61.4%, now holding 6,513 shares worth $538,000 after acquiring 2,478 shares in the last quarter.

SG Americas Securities LLC also saw a significant increase, raising their position by 91.7% in the third quarter. They acquired 1,768 new shares, totaling 3,696 shares valued at $335,000. Quest Partners LLC boosted their position by a remarkable 212.6%, owning 2,057 shares valued at $187,000 after purchasing 1,399 shares last quarter. Charles Schwab Investment Management Inc. increased its stake by 6.4%, holding now 74,870 shares worth about $6,791,000 after obtaining an additional 4,480 shares.

Currently, institutional investors and hedge funds own 29.95% of Bank First's stock.

Analyst Predictions for Growth

In related news, Piper Sandler has raised its price target for Bank First shares from $99.00 to $104.00, rating it as "neutral" in their report published on October 17th.

Current Stock Performance

As of Friday, shares of Bank First are trading at $101.18. The company has a market capitalization of $1.01 billion, a P/E ratio of 15.57, and a beta of 0.35. Over the past year, the stock has ranged from a low of $74.90 to a high of $110.49. The company's current ratio and quick ratio stand at 1.00, with a debt-to-equity ratio of just 0.02. The average stock price over the last 50 days is $101.87, and the 200-day moving average is $95.53.

Bank First recently reported its earnings on January 21st, where it announced earnings per share of $1.74, surpassing the analysts' predictions of $1.55 by $0.19. The company has reported a net margin of 29.00% and a return on equity of 10.53%. Analysts forecast Bank First to record an average of 6.9 earnings per share this fiscal year.

Dividend Announcement

Moreover, Bank First has declared a quarterly dividend, to be paid out on April 9th. Shareholders who are on record as of March 26th will receive a dividend of $0.45 per share, which translates to an annualized dividend of $1.80 and a dividend yield of 1.78%. The ex-dividend date is set for March 26th. The current dividend payout ratio of Bank First stands at 27.69%.

About Bank First

Bank First Corporation acts as a holding company for Bank First, N.A. It provides a range of consumer and commercial financial services to various clients including businesses, professionals, and governmental bodies within Wisconsin. The company offers checking and savings accounts, cash management, retirement and health savings accounts, as well as residential mortgage options.

Bank, Shares, Investment