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

Bank First Co. (NASDAQ:BFC) saw unusually-strong trading volume on Monday . Approximately 36,277 shares changed hands during trading, an increase of 34% from the previous session’s volume of 26,992 shares.The stock last traded at $114.41 and had previously closed at $114.85.

Analyst Ratings Changes

A number of equities analysts recently commented on BFC shares. Piper Sandler lifted their price objective on Bank First from $110.00 to $111.00 and gave the stock a “neutral” rating in a research report on Thursday, April 17th. Hovde Group upgraded Bank First from a “market perform” rating to an “outperform” rating and set a $130.00 price objective on the stock in a research report on Tuesday, May 6th.

Bank First Stock Performance

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 stock has a market cap of $1.14 billion, a PE ratio of 17.64 and a beta of 0.39. The stock has a 50-day moving average of $109.98 and a 200 day moving average of $104.87.

Bank First (NASDAQ:BFC) last posted its earnings results on Tuesday, April 15th. The company reported $1.82 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $0.20. Bank First had a return on equity of 10.53% and a net margin of 29.00%. The company had revenue of $43.10 million for the quarter, compared to the consensus estimate of $41.80 million. Equities analysts predict that Bank First Co. will post 6.9 EPS for the current fiscal year.

Bank First Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 9th were given a $3.50 dividend. The ex-dividend date of this dividend was Friday, May 9th. This is an increase from Bank First’s previous dividend of $0.20. Bank First’s payout ratio is currently 26.43%.

Institutional Investors Weigh In On Bank First

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC grew its stake in shares of Bank First by 2.3% in the fourth quarter. Commonwealth Equity Services LLC now owns 4,731 shares of the company’s stock valued at $469,000 after buying an additional 105 shares in the last quarter. Mariner LLC grew its stake in shares of Bank First by 4.7% in the fourth quarter. Mariner LLC now owns 2,497 shares of the company’s stock valued at $247,000 after buying an additional 112 shares in the last quarter. Citadel Advisors LLC grew its stake in shares of Bank First by 1.2% in the fourth quarter. Citadel Advisors LLC now owns 10,264 shares of the company’s stock valued at $1,017,000 after buying an additional 119 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Bank First by 2.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,531 shares of the company’s stock valued at $449,000 after buying an additional 123 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Bank First by 2.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,506 shares of the company’s stock valued at $546,000 after buying an additional 124 shares in the last quarter. Hedge funds and other institutional investors own 29.95% of the company’s stock.

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.