Bank First (NASDAQ:BFC) Sees Strong Trading Volume – Still a Buy?

Bank First Co. (NASDAQ:BFC) shares saw unusually-strong trading volume on Friday . Approximately 17,391 shares changed hands during mid-day 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 Stock Performance

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 $102.07 and a two-hundred day moving average of $98.98. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of 15.67 and a beta of 0.32.

Bank First (NASDAQ:BFC) last released its quarterly earnings results on Tuesday, January 21st. The company reported $1.74 EPS for the quarter, beating the consensus estimate of $1.55 by $0.19. Bank First had a net margin of 29.00% and a return on equity of 10.53%. As a group, equities research analysts predict that Bank First Co. will post 6.9 earnings per share for the current fiscal year.

Bank First Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 26th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.76%. The ex-dividend date is Wednesday, March 26th. Bank First’s dividend payout ratio (DPR) is currently 27.69%.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Bank First

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Bank First by 2.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,531 shares of the company’s stock worth $449,000 after purchasing an additional 123 shares during the period. Heck Capital Advisors LLC bought a new stake in shares of Bank First in the 4th quarter valued at about $349,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Bank First by 15.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,187 shares of the company’s stock valued at $1,307,000 after buying an additional 1,754 shares during the last quarter. ProShare Advisors LLC bought a new stake in shares of Bank First in the 4th quarter valued at about $271,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Bank First by 2.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,506 shares of the company’s stock worth $546,000 after acquiring an additional 124 shares during 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.