Piper Sandler Lowers Bank First (NASDAQ:BFC) Price Target to $87.00

Bank First (NASDAQ:BFC) had its price target reduced by equities research analysts at Piper Sandler from $90.00 to $87.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Piper Sandler’s price objective would suggest a potential upside of 10.83% from the stock’s previous close.

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

Bank First Stock Up 3.5 %

Shares of NASDAQ BFC opened at $78.50 on Thursday. The company has a market capitalization of $795.99 million, a P/E ratio of 10.19 and a beta of 0.27. Bank First has a 52-week low of $65.00 and a 52-week high of $92.50. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.00 and a current ratio of 1.00. The company’s 50 day moving average price is $83.09 and its 200-day moving average price is $83.38.

Insider Activity at Bank First

In related news, Director Mary Kay Bourbulas bought 600 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were bought at an average price of $82.88 per share, for a total transaction of $49,728.00. Following the transaction, the director now directly owns 7,003 shares of the company’s stock, valued at $580,408.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Bank First news, Director Phillip R. Maples acquired 650 shares of the stock in a transaction on Tuesday, February 6th. The shares were purchased at an average price of $81.72 per share, for a total transaction of $53,118.00. Following the completion of the acquisition, the director now owns 1,983 shares in the company, valued at approximately $162,050.76. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Mary Kay Bourbulas acquired 600 shares of the stock in a transaction on Friday, March 15th. The shares were acquired at an average price of $82.88 per share, for a total transaction of $49,728.00. Following the acquisition, the director now owns 7,003 shares of the company’s stock, valued at approximately $580,408.64. The disclosure for this purchase can be found here. 5.73% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. West Tower Group LLC acquired a new position in Bank First during the fourth quarter worth $39,000. Ensign Peak Advisors Inc acquired a new position in Bank First during the third quarter worth $37,000. FMR LLC raised its holdings in Bank First by 145.2% during the third quarter. FMR LLC now owns 532 shares of the company’s stock worth $41,000 after buying an additional 315 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in Bank First by 26.8% during the third quarter. Tower Research Capital LLC TRC now owns 677 shares of the company’s stock worth $52,000 after buying an additional 143 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in shares of Bank First in the 3rd quarter worth $57,000. 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.