Bank First (NASDAQ:BFC) Shares Gap Down to $78.35

Bank First Co. (NASDAQ:BFC) shares gapped down prior to trading on Wednesday . The stock had previously closed at $78.35, but opened at $75.70. Bank First shares last traded at $78.18, with a volume of 1,906 shares traded.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on BFC shares. Hovde Group cut Bank First from an “outperform” rating to a “market perform” rating in a report on Monday, March 4th. Piper Sandler lowered their target price on Bank First from $90.00 to $87.00 and set a “neutral” rating on the stock in a report on Thursday.

Bank First Trading Down 0.6 %

The business has a fifty day simple moving average of $83.22 and a 200 day simple moving average of $83.37. The stock has a market cap of $768.71 million, a price-to-earnings ratio of 9.85 and a beta of 0.27. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.00 and a current ratio of 1.00.

Bank First (NASDAQ:BFC) last posted its quarterly earnings data on Tuesday, January 16th. The company reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.03. Bank First had a return on equity of 10.16% and a net margin of 32.08%. The business had revenue of $75.37 million for the quarter. As a group, equities analysts anticipate that Bank First Co. will post 5.9 EPS for the current year.

Bank First Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Wednesday, June 26th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.85%. The ex-dividend date is Wednesday, June 26th. Bank First’s dividend payout ratio (DPR) is 18.18%.

Insider Transactions at Bank First

In other Bank First news, Director Phillip R. Maples acquired 650 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The shares were acquired at an average price of $81.72 per share, for a total transaction of $53,118.00. Following the completion of the acquisition, the director now directly owns 1,983 shares of the company’s stock, valued at $162,050.76. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, Director Phillip R. Maples bought 650 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The shares were acquired at an average cost of $81.72 per share, with a total value of $53,118.00. Following the transaction, the director now owns 1,983 shares of the company’s stock, valued at approximately $162,050.76. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Mary Kay Bourbulas bought 600 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was purchased at an average cost of $82.88 per share, for a total transaction of $49,728.00. Following the completion of the transaction, the director now directly owns 7,003 shares in the company, valued at approximately $580,408.64. The disclosure for this purchase can be found here. Insiders own 5.73% of the company’s stock.

Institutional Trading of Bank First

Several large investors have recently modified their holdings of the business. Ensign Peak Advisors Inc acquired a new position in Bank First in the third quarter valued at approximately $37,000. West Tower Group LLC purchased a new position in Bank First during the 4th quarter worth approximately $39,000. FMR LLC grew its holdings in shares of Bank First by 145.2% during the 3rd quarter. FMR LLC now owns 532 shares of the company’s stock valued at $41,000 after acquiring an additional 315 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in Bank First by 26.8% during the 3rd quarter. Tower Research Capital LLC TRC now owns 677 shares of the company’s stock worth $52,000 after acquiring an additional 143 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in Bank First during the 3rd quarter worth $57,000. 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.