Bank First (NASDAQ:BFC) Trading Down 3.2%

Bank First Co. (NASDAQ:BFC) shares fell 3.2% on Wednesday . The company traded as low as $80.91 and last traded at $80.91. 16,186 shares were traded during trading, a decline of 12% from the average session volume of 18,473 shares. The stock had previously closed at $83.60.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler lowered their target price on shares of Bank First from $90.00 to $87.00 and set a “neutral” rating on the stock in a research note on Thursday, April 18th.

Bank First Stock Performance

The firm has a market cap of $815.57 million, a PE ratio of 10.86 and a beta of 0.32. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.02. The firm’s 50 day simple moving average is $80.98 and its 200 day simple moving average is $83.09.

Bank First (NASDAQ:BFC) last announced its earnings results on Tuesday, April 16th. The company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.02. The firm had revenue of $37.75 million for the quarter, compared to analysts’ expectations of $40.00 million. Bank First had a net margin of 32.08% and a return on equity of 10.08%. On average, research analysts forecast that Bank First Co. will post 5.86 EPS for the current fiscal year.

Bank First Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Wednesday, June 26th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.73%. The ex-dividend date is Wednesday, June 26th. Bank First’s dividend payout ratio is 18.18%.

Institutional Trading of Bank First

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Bank First by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 510,701 shares of the company’s stock worth $39,401,000 after acquiring an additional 5,182 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Bank First by 1.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 68,545 shares of the company’s stock worth $5,940,000 after acquiring an additional 1,007 shares in the last quarter. Wealthcare Advisory Partners LLC bought a new position in Bank First in the 1st quarter worth about $2,054,000. State of New Jersey Common Pension Fund D grew its stake in Bank First by 21.4% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 19,318 shares of the company’s stock worth $1,674,000 after acquiring an additional 3,399 shares in the last quarter. Finally, Beacon Pointe Advisors LLC grew its stake in Bank First by 7.8% in the 4th quarter. Beacon Pointe Advisors LLC now owns 17,077 shares of the company’s stock worth $1,480,000 after acquiring an additional 1,231 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.