Bank First (NASDAQ:BFC) Sees Unusually-High Trading Volume – What’s Next?

Bank First Co. (NASDAQ:BFC) shares saw strong trading volume on Friday . 12,565 shares changed hands during trading, a decline of 38% from the previous session’s volume of 20,108 shares.The stock last traded at $98.69 and had previously closed at $100.43.

Wall Street Analyst Weigh In

Separately, Piper Sandler boosted their price target on shares of Bank First from $99.00 to $104.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th.

Bank First Price Performance

The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market capitalization of $1.01 billion, a PE ratio of 12.41 and a beta of 0.34. The stock’s 50-day moving average is $100.87 and its 200 day moving average is $91.60.

Bank First (NASDAQ:BFC) last issued its earnings results on Tuesday, October 15th. The company reported $1.65 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.11. The business had revenue of $58.93 million for the quarter, compared to the consensus estimate of $39.60 million. Bank First had a net margin of 32.02% and a return on equity of 10.10%. As a group, equities analysts expect that Bank First Co. will post 6.35 earnings per share for the current year.

Bank First Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Monday, December 23rd will be given a dividend of $0.45 per share. The ex-dividend date is Monday, December 23rd. This represents a $1.80 dividend on an annualized basis and a yield of 1.78%. This is a boost from Bank First’s previous quarterly dividend of $0.40. Bank First’s payout ratio is presently 22.11%.

Institutional Investors Weigh In On Bank First

A number of hedge funds and other institutional investors have recently modified their holdings of BFC. Arizona State Retirement System increased its stake in Bank First by 5.5% in the second quarter. Arizona State Retirement System now owns 2,554 shares of the company’s stock valued at $211,000 after purchasing an additional 133 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Bank First by 1.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 11,433 shares of the company’s stock valued at $1,037,000 after purchasing an additional 155 shares during the last quarter. Harbour Investments Inc. lifted its stake in shares of Bank First by 6.3% in the 2nd quarter. Harbour Investments Inc. now owns 4,250 shares of the company’s stock valued at $351,000 after purchasing an additional 250 shares in the last quarter. Quest Partners LLC grew its stake in Bank First by 65,700.0% during the second quarter. Quest Partners LLC now owns 658 shares of the company’s stock worth $54,000 after buying an additional 657 shares during the period. Finally, Rhumbline Advisers grew its stake in shares of Bank First by 5.5% in the second quarter. Rhumbline Advisers now owns 14,246 shares of the company’s stock valued at $1,177,000 after buying an additional 746 shares in the last quarter. 29.95% of the stock is currently owned by hedge funds and other institutional investors.

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.