Bank First Co. (NASDAQ:BFC - Get Free Report) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $110.57 and last traded at $110.57, with a volume of 23300 shares changing hands. The stock had previously closed at $107.86.
Wall Street Analysts Forecast Growth
Separately, Piper Sandler increased their target price on shares of Bank First from $110.00 to $111.00 and gave the stock a "neutral" rating in a research note on Thursday, April 17th.
Get Our Latest Stock Analysis on BFC
Bank First Price Performance
The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 17.01 and a beta of 0.31. The business's fifty day moving average price is $102.07 and its 200-day moving average price is $100.64. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.00 and a quick ratio of 1.00.
Bank First (NASDAQ:BFC - Get Free Report) last released its quarterly earnings results on Tuesday, April 15th. The company reported $1.82 earnings per share for the quarter, beating analysts' consensus estimates of $1.62 by $0.20. The company had revenue of $43.10 million for the quarter, compared to analyst estimates of $41.80 million. Bank First had a net margin of 29.00% and a return on equity of 10.53%. On average, research analysts forecast that Bank First Co. will post 6.9 EPS for the current year.
Bank First Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Wednesday, June 25th will be given a dividend of $0.45 per share. The ex-dividend date is Wednesday, June 25th. This represents a $1.80 annualized dividend and a yield of 1.63%. Bank First's payout ratio is currently 26.43%.
Insider Transactions at Bank First
In other Bank First news, Director Daniel C. Mcconeghy acquired 380 shares of Bank First stock in a transaction that occurred on Tuesday, March 4th. The stock was acquired at an average cost of $105.72 per share, for a total transaction of $40,173.60. Following the purchase, the director now owns 2,000 shares of the company's stock, valued at approximately $211,440. This represents a 23.46 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael S. Stayer-Suprick acquired 1,000 shares of the company's stock in a transaction that occurred on Wednesday, February 19th. The shares were bought at an average cost of $102.07 per share, for a total transaction of $102,070.00. Following the acquisition, the director now directly owns 3,035 shares in the company, valued at $309,782.45. This represents a 49.14 % increase in their position. The disclosure for this purchase can be found here. 4.10% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Bank First
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its position in shares of Bank First by 17,300.0% during the 1st quarter. GAMMA Investing LLC now owns 1,914 shares of the company's stock valued at $193,000 after buying an additional 1,903 shares in the last quarter. Legacy Private Trust Co. grew its stake in shares of Bank First by 94.8% in the first quarter. Legacy Private Trust Co. now owns 6,147 shares of the company's stock worth $619,000 after purchasing an additional 2,992 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Bank First by 2.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,531 shares of the company's stock worth $449,000 after buying an additional 123 shares during the last quarter. Heck Capital Advisors LLC purchased a new position in Bank First during the 4th quarter valued at $349,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Bank First by 15.3% during the fourth 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 period. 29.95% of the stock is currently owned by hedge funds and other institutional investors.
About Bank First
(
Get Free Report)
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.
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