Bank First (NASDAQ:BFC) Sees Large Volume Increase - What's Next?

Bank First Co. (NASDAQ:BFC - Get Free Report) saw unusually-strong trading volume on Thursday . Approximately 22,955 shares were traded during trading, an increase of 35% from the previous session's volume of 17,059 shares.The stock last traded at $99.87 and had previously closed at $99.60.

Bank First Stock Up 2.1 %

The company has a market capitalization of $1.01 billion, a P/E ratio of 15.51 and a beta of 0.32. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.00 and a quick ratio of 1.00. The company has a 50 day moving average of $101.03 and a 200-day moving average of $98.29.

Bank First (NASDAQ:BFC - Get Free Report) last issued its quarterly earnings data on Tuesday, January 21st. The company reported $1.74 earnings per share for the quarter, topping analysts' consensus estimates of $1.55 by $0.19. Bank First had a return on equity of 10.53% and a net margin of 29.00%. As a group, equities analysts anticipate that Bank First Co. will post 6.9 EPS for the current year.

Bank First Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 26th will be issued a $0.45 dividend. The ex-dividend date is Wednesday, March 26th. This represents a $1.80 annualized dividend and a yield of 1.79%. Bank First's dividend payout ratio (DPR) is presently 27.69%.

Insider Activity

In other news, Director Michael S. Stayer-Suprick bought 1,000 shares of the firm's stock in a transaction dated Wednesday, February 19th. The stock was purchased at an average price of $102.07 per share, with a total value of $102,070.00. Following the transaction, the director now owns 3,035 shares of the company's stock, valued at approximately $309,782.45. The trade was a 49.14 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 4.10% of the company's stock.

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Institutional Investors Weigh In On Bank First

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Lazard Asset Management LLC purchased a new position in Bank First during the fourth quarter valued at $25,000. Sterling Capital Management LLC lifted its position in Bank First by 771.4% during the 4th quarter. Sterling Capital Management LLC now owns 305 shares of the company's stock valued at $30,000 after acquiring an additional 270 shares during the period. Quest Partners LLC lifted its position in Bank First by 212.6% during the 3rd quarter. Quest Partners LLC now owns 2,057 shares of the company's stock valued at $187,000 after acquiring an additional 1,399 shares during the period. KLP Kapitalforvaltning AS bought a new stake in Bank First during the fourth quarter worth about $189,000. Finally, Hanlon Investment Management Inc. purchased a new stake in Bank First in the fourth quarter worth about $218,000. 29.95% of the stock is owned by hedge funds and other institutional investors.

Bank First Company Profile

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.