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

Bank First Co. (NASDAQ:BFC) shares saw an uptick in trading volume on Wednesday following insider buying activity. 20,839 shares changed 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 bought 380 shares of the business’s stock in a transaction on Tuesday, March 4th. The stock was purchased at an average price of $105.72 per share, for a total transaction of $40,173.60. Following the completion of the transaction, the director now directly owns 2,000 shares of the company’s stock, valued at $211,440. This trade represents a 23.46 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Bank First Price Performance

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

Bank First (NASDAQ:BFC) last released its quarterly earnings data 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 net margin of 29.00% and a return on equity of 10.53%. Analysts anticipate that Bank First Co. will post 6.9 EPS for the current fiscal year.

Bank First Dividend Announcement

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

Institutional Investors Weigh In On Bank First

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Bank First by 2.1% during the fourth 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 last quarter. State Street Corp lifted its position in Bank First by 3.4% during the third quarter. State Street Corp now owns 238,225 shares of the company’s stock valued at $21,701,000 after purchasing an additional 7,822 shares during the last quarter. Geode Capital Management LLC lifted its position in Bank First by 3.7% during the third quarter. Geode Capital Management LLC now owns 222,204 shares of the company’s stock valued at $20,158,000 after purchasing an additional 7,922 shares during the last quarter. Merit Financial Group LLC lifted 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 valued at $17,818,000 after purchasing an additional 84,524 shares during the last quarter. Finally, Northern Trust Corp lifted its position in Bank First by 5.6% during the fourth quarter. Northern Trust Corp now owns 95,639 shares of the company’s stock valued at $9,477,000 after purchasing an additional 5,098 shares during the last quarter. 29.95% of the stock is currently owned by 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.