Bank First (NASDAQ:BFC) Shares Gap Up – What’s Next?

Bank First Co. (NASDAQ:BFC)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $86.63, but opened at $89.51. Bank First shares last traded at $89.21, with a volume of 2,984 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler lifted their target price on Bank First from $84.00 to $99.00 and gave the company a “neutral” rating in a research note on Thursday, July 18th.

Bank First Stock Up 3.4 %

The company has a market cap of $896.90 million, a PE ratio of 11.31 and a beta of 0.30. 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 company has a fifty day moving average of $88.68 and a two-hundred day moving average of $84.87.

Bank First (NASDAQ:BFC) last released its earnings results on Tuesday, July 16th. The company reported $1.56 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.13. Bank First had a return on equity of 10.07% and a net margin of 32.18%. The firm had revenue of $55.22 million for the quarter, compared to analysts’ expectations of $38.70 million. As a group, analysts anticipate that Bank First Co. will post 6.07 earnings per share for the current fiscal year.

Bank First Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Wednesday, September 25th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.79%. This is an increase from Bank First’s previous quarterly dividend of $0.35. The ex-dividend date was Wednesday, September 25th. Bank First’s dividend payout ratio (DPR) is 20.20%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Wealthcare Advisory Partners LLC bought a new stake in Bank First during the 1st quarter valued at $2,054,000. American Century Companies Inc. raised its holdings in shares of Bank First by 167.3% in the second quarter. American Century Companies Inc. now owns 37,873 shares of the company’s stock valued at $3,128,000 after acquiring an additional 23,705 shares in the last quarter. Virtu Financial LLC purchased a new stake in Bank First in the fourth quarter worth about $241,000. F M Investments LLC bought a new position in Bank First during the 2nd quarter worth about $2,560,000. Finally, Janus Henderson Group PLC increased its position in Bank First by 169.3% during the 1st quarter. Janus Henderson Group PLC now owns 9,117 shares of the company’s stock valued at $789,000 after purchasing an additional 5,731 shares during the period. 29.95% of the stock is currently owned by institutional investors.

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.