Bank First (NASDAQ:BFC) Sees Strong Trading Volume – Should You Buy?

Bank First Co. (NASDAQ:BFC) shares saw strong trading volume on Friday . 17,391 shares changed hands during trading, a decline of 9% from the previous session’s volume of 19,214 shares.The stock last traded at $102.51 and had previously closed at $103.52.

Bank First Trading Down 2.2 %

The company has a 50 day simple moving average of $102.12 and a two-hundred day simple moving average of $99.14. 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 market cap of $1.01 billion, a PE ratio of 15.56 and a beta of 0.32.

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

Bank First Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 26th will be issued 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 1.78%. Bank First’s dividend payout ratio (DPR) is presently 27.69%.

Insider Activity at Bank First

In related news, Director Daniel C. Mcconeghy purchased 380 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was bought at an average cost of $105.72 per share, with a total value of $40,173.60. Following the completion of the acquisition, the director now owns 2,000 shares of the company’s stock, valued at $211,440. The trade was a 23.46 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Michael S. Stayer-Suprick bought 1,000 shares of the business’s stock in a transaction dated Wednesday, February 19th. The shares were purchased at an average cost of $102.07 per share, with a total value of $102,070.00. Following the completion of the acquisition, the director now owns 3,035 shares in the company, valued at approximately $309,782.45. This represents a 49.14 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 4.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Bank First

A number of institutional investors have recently modified their holdings of BFC. Stifel Financial Corp grew its holdings in Bank First by 18.1% in the third quarter. Stifel Financial Corp now owns 47,834 shares of the company’s stock valued at $4,339,000 after purchasing an additional 7,336 shares during the period. State Street Corp grew its stake in Bank First by 3.4% in the 3rd quarter. State Street Corp now owns 238,225 shares of the company’s stock valued at $21,701,000 after acquiring an additional 7,822 shares during the period. JPMorgan Chase & Co. grew its stake in Bank First by 130.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 23,865 shares of the company’s stock valued at $2,165,000 after acquiring an additional 13,502 shares during the period. Geode Capital Management LLC increased its holdings in Bank First by 3.7% in the 3rd 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. Finally, Merit Financial Group LLC raised its position in 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 acquiring an additional 84,524 shares during the period. 29.95% of the stock is currently owned by institutional investors and hedge funds.

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.