Bank First (NASDAQ:BFC) Sees Strong Trading Volume

Shares of Bank First Co. (NASDAQ:BFC) saw an uptick in trading volume on Friday . 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.

Analysts Set New Price Targets

Separately, Piper Sandler increased their target price 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 company has a debt-to-equity ratio of 0.02, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a 50 day simple moving average of $89.40 and a two-hundred day simple moving average of $84.17. The firm has a market capitalization of $951.95 million, a P/E ratio of 12.36 and a beta of 0.31.

Bank First (NASDAQ:BFC) last issued its quarterly earnings data on Tuesday, July 16th. The company reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.13. Bank First had a return on equity of 10.07% and a net margin of 32.18%. The business had revenue of $55.22 million for the quarter, compared to analysts’ expectations of $38.70 million. Equities research analysts forecast that Bank First Co. will post 6.1 earnings per share for the current year.

Bank First Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Wednesday, September 25th will be paid a dividend of $0.40 per share. The ex-dividend date is Wednesday, September 25th. This is a boost from Bank First’s previous quarterly dividend of $0.35. This represents a $1.60 annualized dividend and a yield of 1.69%. Bank First’s dividend payout ratio (DPR) is 20.78%.

Institutional Investors Weigh In On Bank First

Several large investors have recently made changes to their positions in BFC. F M Investments LLC purchased a new stake in shares of Bank First during the 2nd quarter valued at $2,560,000. American Century Companies Inc. increased 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 purchasing an additional 23,705 shares during the last quarter. Wealthcare Advisory Partners LLC purchased a new stake in Bank First in the 1st quarter worth about $2,054,000. Dimensional Fund Advisors LP increased its holdings in Bank First by 158.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 12,579 shares of the company’s stock worth $1,039,000 after acquiring an additional 7,703 shares during the last quarter. Finally, Janus Henderson Group PLC increased its holdings in Bank First by 169.3% in the 1st quarter. Janus Henderson Group PLC now owns 9,117 shares of the company’s stock worth $789,000 after acquiring an additional 5,731 shares during 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.