Bank First (NASDAQ:BFC) Sees Unusually-High Trading Volume on Better-Than-Expected Earnings

Bank First Co. (NASDAQ:BFC) shares saw unusually-strong trading volume on Tuesday after the company announced better than expected quarterly earnings. Approximately 21,453 shares were traded during trading, an increase of 4% from the previous session’s volume of 20,536 shares.The stock last traded at $100.03 and had previously closed at $99.13.

The company reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.20. Bank First had a net margin of 29.00% and a return on equity of 10.53%. The business had revenue of $43.10 million during the quarter, compared to analysts’ expectations of $41.80 million.

Bank First Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 26th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.69%. The ex-dividend date was Wednesday, March 26th. Bank First’s dividend payout ratio (DPR) is presently 27.69%.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Bank First

Hedge funds and other institutional investors have recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Bank First by 1.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 11,433 shares of the company’s stock worth $1,037,000 after purchasing an additional 155 shares during the last quarter. State Street Corp lifted its position in shares of Bank First by 3.4% during the third quarter. State Street Corp now owns 238,225 shares of the company’s stock worth $21,701,000 after purchasing an additional 7,822 shares in the last quarter. Barclays PLC grew its stake in shares of Bank First by 339.9% during the third quarter. Barclays PLC now owns 15,635 shares of the company’s stock valued at $1,417,000 after purchasing an additional 12,081 shares during the last quarter. Geode Capital Management LLC boosted its position in Bank First by 3.7% in the 3rd quarter. Geode Capital Management LLC now owns 222,204 shares of the company’s stock valued at $20,158,000 after buying an additional 7,922 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in Bank First by 130.3% in the third quarter. JPMorgan Chase & Co. now owns 23,865 shares of the company’s stock worth $2,165,000 after purchasing an additional 13,502 shares during the period. 29.95% of the stock is owned by institutional investors and hedge funds.

Bank First Trading Up 4.2 %

The business’s 50-day simple moving average is $101.66 and its 200-day simple moving average is $100.00. 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 market capitalization of $1.06 billion, a price-to-earnings ratio of 16.35 and a beta of 0.31.

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.