Bank First (NASDAQ:BFC) Sees Unusually-High Trading Volume on Insider Buying Activity

Bank First Co. (NASDAQ:BFC) shares saw an uptick in trading volume on Wednesday following insider buying activity. 20,839 shares traded hands during mid-day trading, an increase of 10% from the previous session’s volume of 18,953 shares.The stock last traded at $102.83 and had previously closed at $102.09.

Specifically, Director Daniel C. Mcconeghy acquired 380 shares of the business’s stock in a transaction dated Tuesday, March 4th. The stock was acquired at an average price of $105.72 per share, for a total transaction of $40,173.60. Following the completion of the acquisition, the director now directly owns 2,000 shares in the company, valued at $211,440. This represents a 23.46 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link.

Bank First Trading Down 0.6 %

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 capitalization of $1.03 billion, a P/E ratio of 15.88 and a beta of 0.32. The firm’s 50-day simple moving average is $101.51 and its 200 day simple moving average is $98.55.

Bank First (NASDAQ:BFC) last released its earnings results on Tuesday, January 21st. The company reported $1.74 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $0.19. Bank First had a net margin of 29.00% and a return on equity of 10.53%. Equities research analysts anticipate that Bank First Co. will post 6.9 EPS for the current fiscal year.

Bank First Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 26th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend is Wednesday, March 26th. Bank First’s dividend payout ratio is presently 27.69%.

Hedge Funds Weigh In On Bank First

A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position 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 valued at $51,362,000 after purchasing an additional 10,789 shares during the period. State Street Corp boosted its holdings in shares of 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 buying an additional 7,822 shares during the period. Geode Capital Management LLC increased its position in shares of 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 acquiring an additional 7,922 shares in the last quarter. Merit Financial Group LLC raised 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 valued at $17,818,000 after acquiring an additional 84,524 shares during the period. Finally, Northern Trust Corp lifted its position in shares of Bank First by 5.6% in the 4th quarter. Northern Trust Corp now owns 95,639 shares of the company’s stock valued at $9,477,000 after acquiring an additional 5,098 shares in the last quarter. 29.95% of the stock is currently owned by institutional investors and hedge funds.

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.