Heck Capital Advisors LLC Acquires Shares in Bank First Co.

Heck Capital Advisors LLC has recently expanded its investment portfolio by acquiring a new position in Bank First Co. (NASDAQ:BFC) during the fourth quarter of the year. This acquisition was revealed in the firm's latest 13F filing with the Securities and Exchange Commission. Heck Capital Advisors acquired a total of 3,525 shares, which have been valued at approximately $349,000.

In addition to Heck Capital Advisors, several other institutional investors and hedge funds have also adjusted their positions in Bank First (BFC). For instance, Dimensional Fund Advisors LP increased its stake by a significant 158.0% in the second quarter, gaining an additional 7,703 shares. Dimensional Fund now holds a total of 12,579 shares, worth around $1,039,000. Marshall Wace LLP also enhanced its investment, increasing its holdings by 61.4% to reach 6,513 shares with a value of about $538,000 after acquiring an additional 2,478 shares during the same period.

Another noteworthy increase came from SG Americas Securities LLC, which raised its investment in Bank First by 91.7% in the third quarter. The firm now owns 3,696 shares valued at approximately $335,000, thanks to the purchase of an additional 1,768 shares. Likewise, Quest Partners LLC boosted its position by 212.6% during the third quarter, bringing its total to 2,057 shares valued at $187,000 after acquiring another 1,399 shares. Charles Schwab Investment Management Inc. also increased its holdings, albeit by a smaller margin of 6.4%, owning 74,870 shares valued at $6,791,000 after acquiring an extra 4,480 shares in the same period. Currently, institutional investors and hedge funds own approximately 29.95% of the stock.

Analyst Ratings and Price Targets

In other news, Wall Street analysts have raised their expectations for Bank First. Piper Sandler has increased its price target for the stock from $99.00 to $104.00, while maintaining a "neutral" rating in a research report published on October 17th.

Current Stock Performance

As for Bank First's market performance, shares of BFC traded down by 0.6% to open at $101.18 on the latest trading day. The company boasts a market capitalization of $1.01 billion and exhibits a price-to-earnings (P/E) ratio of 15.57, alongside a beta of 0.35. Over the last year, Bank First recorded a low of $74.90 and a high of $110.49. Its financial health indicators are solid, with a current ratio of 1.00, quick ratio of 1.00, and a remarkably low debt-to-equity ratio of 0.02. The stock holds a 50-day simple moving average of $101.87 and a 200-day simple moving average of $95.53.

Bank First Co. has recently reported its earnings results for the last quarter on January 21st, where it achieved earnings per share (EPS) of $1.74, surpassing analyst expectations of $1.55 by $0.19. The company's net margin stands at 29.00%, with a return on equity (ROE) of 10.53%. Research analysts project that Bank First will post an EPS of 6.9 for the current fiscal year.

Dividend Information

In a recent announcement, Bank First declared a quarterly dividend set to be paid on April 9th. Shareholders recorded as of March 26th will receive $0.45 per share, translating to an annual dividend payout of $1.80 and a dividend yield of 1.78%. The ex-dividend date is also marked for March 26th. Notably, the dividend payout ratio stands at 27.69%, reflecting a sustainable dividend policy.

About Bank First

Bank First Corporation operates as a holding company for Bank First, N.A., providing a range of financial services. These services cater to businesses, professionals, consumers, and governmental entities primarily in Wisconsin. The offerings include checking and savings accounts, money market accounts, cash management, retirement solutions, and residential mortgage products.

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