Bank First (NASDAQ:BFC) Sees Strong Trading Volume – Here’s What Happened

Shares of Bank First Co. (NASDAQ:BFC) saw an uptick in trading volume on Thursday . 22,955 shares traded hands during mid-day trading, an increase of 35% from the previous session’s volume of 17,059 shares.The stock last traded at $99.87 and had previously closed at $99.60.

Bank First Price Performance

The stock has a market cap of $998.40 million, a price-to-earnings ratio of 15.37 and a beta of 0.32. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.00 and a quick ratio of 1.00. The stock’s 50 day simple moving average is $100.94 and its two-hundred day simple moving average is $98.23.

Bank First (NASDAQ:BFC) last issued its earnings results on Tuesday, January 21st. The company reported $1.74 earnings per share for the quarter, beating the consensus estimate of $1.55 by $0.19. Bank First had a net margin of 29.00% and a return on equity of 10.53%. On average, analysts forecast that Bank First Co. will post 6.9 earnings per share for the current fiscal year.

Bank First Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 26th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Wednesday, March 26th. This represents a $1.80 annualized dividend and a dividend yield of 1.80%. Bank First’s dividend payout ratio (DPR) is presently 27.69%.

Insider Activity at Bank First

In other news, Director Michael S. Stayer-Suprick purchased 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The stock was purchased at an average cost of $102.07 per share, with a total value of $102,070.00. Following the acquisition, the director now directly owns 3,035 shares of the company’s stock, valued at approximately $309,782.45. This trade represents a 49.14 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 4.10% of the stock is owned by insiders.

Institutional Trading of Bank First

Several large investors have recently added to or reduced their stakes in BFC. Vanguard Group Inc. boosted its holdings in shares of Bank First by 2.1% in the 4th quarter. Vanguard Group Inc. now owns 518,341 shares of the company’s stock worth $51,362,000 after acquiring an additional 10,789 shares in the last quarter. State Street Corp boosted its stake in Bank First by 3.4% in the third quarter. State Street Corp now owns 238,225 shares of the company’s stock worth $21,701,000 after purchasing an additional 7,822 shares in the last quarter. Geode Capital Management LLC boosted its stake in Bank First by 3.7% in the third quarter. Geode Capital Management LLC now owns 222,204 shares of the company’s stock worth $20,158,000 after purchasing an additional 7,922 shares in the last quarter. Merit Financial Group LLC grew its holdings in shares of Bank First by 88.7% during the fourth quarter. Merit Financial Group LLC now owns 179,814 shares of the company’s stock worth $17,818,000 after purchasing an additional 84,524 shares during the last quarter. Finally, Northern Trust Corp increased its stake in shares of Bank First by 5.6% in the fourth quarter. Northern Trust Corp now owns 95,639 shares of the company’s stock valued at $9,477,000 after buying an additional 5,098 shares in the last quarter. 29.95% of the stock is owned by 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.