Bank First (NASDAQ:BFC) Sees Unusually-High Trading Volume - What's Next?

Shares of Bank First Co. (NASDAQ:BFC - Get Free Report) saw an uptick in trading volume on Monday . 11,648 shares traded hands during trading, a decline of 33% from the previous session's volume of 17,463 shares.The stock last traded at $102.00 and had previously closed at $104.44.

Wall Street Analyst Weigh In

Separately, Piper Sandler lifted their target price on Bank First from $99.00 to $104.00 and gave the stock a "neutral" rating in a report on Thursday, October 17th.

Bank First Price Performance

The company has a 50 day moving average price of $101.10 and a 200-day moving average price of $96.13. 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 cap of $1.03 billion, a price-to-earnings ratio of 15.80 and a beta of 0.35.

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

Bank First Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 26th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend is Wednesday, March 26th. Bank First's payout ratio is 27.69%.

Institutional Trading of Bank First

Several hedge funds and other institutional investors have recently modified their holdings of BFC. Sterling Capital Management LLC lifted its position in Bank First by 771.4% during the fourth quarter. Sterling Capital Management LLC now owns 305 shares of the company's stock valued at $30,000 after buying an additional 270 shares during the period. Quest Partners LLC increased its stake in shares of Bank First by 212.6% during the third quarter. Quest Partners LLC now owns 2,057 shares of the company's stock valued at $187,000 after purchasing an additional 1,399 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of Bank First during the fourth quarter valued at approximately $189,000. Hanlon Investment Management Inc. purchased a new position in shares of Bank First during the fourth quarter valued at approximately $218,000. Finally, Mariner LLC boosted its position in shares of Bank First by 4.7% in the 4th quarter. Mariner LLC now owns 2,497 shares of the company's stock worth $247,000 after purchasing an additional 112 shares in the last quarter. Institutional investors own 29.95% of the company's stock.

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.