Bank First (NASDAQ:BFC) Sees Unusually-High Trading Volume – Here’s Why

Shares of Bank First Co. (NASDAQ:BFC) saw an uptick in trading volume on Friday . 12,565 shares were traded during mid-day 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.

Analyst Upgrades and Downgrades

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

Bank First Stock Up 1.1 %

The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.02. The firm’s 50 day simple moving average is $101.11 and its 200 day simple moving average is $91.75. The company has a market cap of $1.02 billion, a price-to-earnings ratio of 12.48 and a beta of 0.34.

Bank First (NASDAQ:BFC) last announced its quarterly earnings results on Tuesday, October 15th. The company reported $1.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.54 by $0.11. The company had revenue of $58.93 million during the quarter, compared to analyst estimates of $39.60 million. Bank First had a return on equity of 10.10% and a net margin of 32.02%. Sell-side analysts anticipate that Bank First Co. will post 6.35 EPS for the current fiscal year.

Bank First Increases Dividend

The company 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 $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.77%. This is an increase from Bank First’s previous quarterly dividend of $0.40. The ex-dividend date is Monday, December 23rd. Bank First’s dividend payout ratio is 22.11%.

Hedge Funds Weigh In On Bank First

Large investors have recently made changes to their positions in the business. Quest Partners LLC lifted 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 valued at $54,000 after purchasing an additional 657 shares during the last quarter. Arizona State Retirement System increased its position in shares of Bank First by 5.5% in the second quarter. Arizona State Retirement System now owns 2,554 shares of the company’s stock worth $211,000 after acquiring an additional 133 shares in the last quarter. PDT Partners LLC acquired a new stake in Bank First during the 3rd quarter valued at $306,000. SG Americas Securities LLC grew its holdings in shares of Bank First by 91.7% during the third quarter. SG Americas Securities LLC now owns 3,696 shares of the company’s stock valued at $335,000 after buying an additional 1,768 shares in the last quarter. Finally, Harbour Investments Inc. increased its holdings 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 during the period. 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.