Bank First (NASDAQ:BFC) Sees Strong Trading Volume

Bank First Co. (NASDAQ:BFC) saw unusually-high trading volume on Friday . Approximately 19,669 shares were traded during mid-day trading, a decline of 7% from the previous session’s volume of 21,087 shares.The stock last traded at $94.49 and had previously closed at $94.96.

Analyst Ratings Changes

Separately, Piper Sandler lifted their price objective on Bank First from $84.00 to $99.00 and gave the stock a “neutral” rating in a report on Thursday, July 18th.

Bank First Trading Down 0.6 %

The firm has a fifty day moving average of $89.40 and a two-hundred day moving average of $84.17. The company has a market cap of $951.95 million, a PE ratio of 12.36 and a beta of 0.31. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.02.

Bank First (NASDAQ:BFC) last posted its earnings results on Tuesday, July 16th. The company reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.13. The business had revenue of $55.22 million during the quarter, compared to analyst estimates of $38.70 million. Bank First had a return on equity of 10.07% and a net margin of 32.18%. As a group, sell-side analysts predict that Bank First Co. will post 6.1 EPS for the current year.

Bank First Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Wednesday, September 25th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend is Wednesday, September 25th. This is a positive change from Bank First’s previous quarterly dividend of $0.35. Bank First’s payout ratio is presently 20.78%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in BFC. Vanguard Group Inc. boosted its position in shares of Bank First by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 485,954 shares of the company’s stock valued at $42,118,000 after acquiring an additional 3,809 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Bank First by 1.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 68,545 shares of the company’s stock valued at $5,940,000 after acquiring an additional 1,007 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Bank First by 10.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 45,912 shares of the company’s stock valued at $3,792,000 after acquiring an additional 4,157 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Bank First by 167.3% during the 2nd quarter. American Century Companies Inc. now owns 37,873 shares of the company’s stock valued at $3,128,000 after acquiring an additional 23,705 shares during the last quarter. Finally, F M Investments LLC bought a new stake in shares of Bank First during the 2nd quarter valued at about $2,560,000. Hedge funds and other institutional investors own 29.95% of the company’s stock.

Bank First Company Profile

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.