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

Bank First Co. (NASDAQ:BFC) saw unusually-high trading volume on Friday . Approximately 17,391 shares were traded during mid-day trading, a decline of 9% from the previous session’s volume of 19,214 shares.The stock last traded at $102.51 and had previously closed at $103.52.

Bank First Stock Performance

The firm has a 50 day moving average of $102.12 and a 200-day moving average of $99.14. The company has a market cap of $1.01 billion, a P/E ratio of 15.56 and a beta of 0.32. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.02.

Bank First (NASDAQ:BFC) last posted its quarterly earnings results on Tuesday, January 21st. The company reported $1.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.55 by $0.19. Bank First had a return on equity of 10.53% and a net margin of 29.00%. As a group, sell-side analysts anticipate that Bank First Co. will post 6.9 EPS for the current fiscal year.

Bank First Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 26th will be given a $0.45 dividend. The ex-dividend date is Wednesday, March 26th. This represents a $1.80 annualized dividend and a dividend yield of 1.78%. Bank First’s payout ratio is presently 27.69%.

Insider Activity at Bank First

In other news, Director Michael S. Stayer-Suprick acquired 1,000 shares of the business’s stock in a transaction dated Wednesday, February 19th. The shares were purchased at an average price of $102.07 per share, with a total value of $102,070.00. Following the transaction, the director now directly owns 3,035 shares in the company, valued at approximately $309,782.45. This represents a 49.14 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Daniel C. Mcconeghy acquired 380 shares of Bank First stock in a transaction that occurred on Tuesday, March 4th. The shares were purchased at an average price of $105.72 per share, with a total value of $40,173.60. Following the purchase, the director now owns 2,000 shares in the company, valued at $211,440. This represents a 23.46 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 4.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Bank First

Institutional investors and hedge funds have recently bought and sold shares of the company. Commonwealth Equity Services LLC boosted its position in shares of Bank First by 2.3% in the 4th quarter. Commonwealth Equity Services LLC now owns 4,731 shares of the company’s stock worth $469,000 after purchasing an additional 105 shares in the last quarter. Mariner LLC boosted its holdings 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 acquiring an additional 112 shares in the last quarter. Citadel Advisors LLC boosted its holdings in Bank First by 1.2% in the fourth quarter. Citadel Advisors LLC now owns 10,264 shares of the company’s stock worth $1,017,000 after acquiring an additional 119 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Bank First by 2.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,531 shares of the company’s stock worth $449,000 after acquiring an additional 123 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of 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 acquiring an additional 124 shares in the last quarter. 29.95% of the stock is 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.