Bank First (NASDAQ:BFC) Sees Unusually-High Trading Volume

Shares of Bank First Co. (NASDAQ:BFC – Get Rating) saw an uptick in trading volume on Friday . 16,192 shares changed hands during mid-day trading, a decline of 7% from the previous session’s volume of 17,496 shares.The stock last traded at $74.89 and had previously closed at $73.63.

Analyst Upgrades and Downgrades

Separately, Piper Sandler cut Bank First from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $106.00 to $95.00 in a report on Thursday, January 12th.

Bank First Stock Down 0.1 %

The company has a 50 day simple moving average of $80.05 and a two-hundred day simple moving average of $84.27. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $770.70 million, a P/E ratio of 13.18 and a beta of 0.30.

Bank First (NASDAQ:BFC – Get Rating) last issued its quarterly earnings data on Tuesday, January 17th. The company reported $1.55 earnings per share for the quarter, missing the consensus estimate of $1.73 by ($0.18). Bank First had a return on equity of 13.07% and a net margin of 33.15%. The company had revenue of $34.52 million for the quarter, compared to the consensus estimate of $37.10 million. As a group, equities analysts predict that Bank First Co. will post 6.12 EPS for the current year.

Bank First Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 5th. Stockholders of record on Wednesday, March 22nd will be paid a dividend of $0.25 per share. The ex-dividend date is Tuesday, March 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.36%. Bank First’s dividend payout ratio is 17.92%.

Insider Activity

In other news, CEO Michael B. Molepske sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, February 16th. The stock was sold at an average price of $80.25, for a total transaction of $802,500.00. Following the transaction, the chief executive officer now owns 43,934 shares of the company’s stock, valued at $3,525,703.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 7.55% of the company’s stock.

Institutional Trading of Bank First

A number of large investors have recently modified their holdings of BFC. Moneta Group Investment Advisors LLC boosted its holdings in shares of Bank First by 85,912.7% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 6,016,591 shares of the company’s stock valued at $558,460,000 after purchasing an additional 6,009,596 shares during the period. Bank of Montreal Can purchased a new stake in Bank First during the fourth quarter worth $9,883,000. Vanguard Group Inc. lifted its holdings in Bank First by 28.8% during the third quarter. Vanguard Group Inc. now owns 408,408 shares of the company’s stock worth $31,235,000 after buying an additional 91,207 shares during the period. State of New Jersey Common Pension Fund D purchased a new stake in Bank First during the fourth quarter worth $2,195,000. Finally, Geode Capital Management LLC lifted its holdings in Bank First by 20.7% during the fourth quarter. Geode Capital Management LLC now owns 132,635 shares of the company’s stock worth $12,311,000 after buying an additional 22,751 shares during the period. Hedge funds and other institutional investors own 22.77% of the company’s stock.

Bank First Company Profile

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Bank First Corp. is a bank holding company, which engages in the provision of financial products and services to individual and business customers. It offers checking accounts, savings accounts, money market accounts, cash management accounts, certificates of deposit, commercial and industrial loans, commercial real estate loans, construction and development loans, residential mortgages, consumer loans, credit cards, online banking, telephone banking, and mobile banking.