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Bank First (NASDAQ:BFC) Sees Large Volume Increase - Time to Buy?

Bank First logo with Finance background

Bank First Co. (NASDAQ:BFC - Get Free Report) saw unusually-high trading volume on Friday . Approximately 12,565 shares traded hands during trading, a decline of 38% from the previous session's volume of 20,108 shares.The stock last traded at $98.69 and had previously closed at $100.43.

Analysts Set New Price Targets

Separately, Piper Sandler increased their price objective on Bank First from $99.00 to $104.00 and gave the company a "neutral" rating in a research note on Thursday, October 17th.

Check Out Our Latest Report on BFC

Bank First Stock Performance

The stock has a 50-day moving average price of $100.87 and a 200 day moving average price of $91.60. 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 firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of 12.48 and a beta of 0.34.

Bank First (NASDAQ:BFC - Get Free Report) last announced its quarterly earnings data on Tuesday, October 15th. The company reported $1.65 EPS for the quarter, beating analysts' consensus estimates of $1.54 by $0.11. The company had revenue of $58.93 million for the quarter, compared to the consensus estimate of $39.60 million. Bank First had a net margin of 32.02% and a return on equity of 10.10%. On average, analysts forecast that Bank First Co. will post 6.35 EPS for the current year.

Bank First Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Monday, December 23rd will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.77%. This is an increase from Bank First's previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Monday, December 23rd. Bank First's payout ratio is 22.11%.

Hedge Funds Weigh In On Bank First

Several hedge funds have recently added to or reduced their stakes in BFC. Quest Partners LLC boosted its position in shares of Bank First by 65,700.0% in the 2nd quarter. Quest Partners LLC now owns 658 shares of the company's stock valued at $54,000 after purchasing an additional 657 shares during the period. Arizona State Retirement System boosted its holdings in shares of Bank First by 5.5% in the second quarter. Arizona State Retirement System now owns 2,554 shares of the company's stock valued at $211,000 after acquiring an additional 133 shares during the period. PDT Partners LLC acquired a new stake in shares of Bank First in the third quarter valued at approximately $306,000. SG Americas Securities LLC grew its position in shares of Bank First by 91.7% during the third quarter. SG Americas Securities LLC now owns 3,696 shares of the company's stock worth $335,000 after acquiring an additional 1,768 shares during the last quarter. Finally, Harbour Investments Inc. increased its holdings in shares of Bank First by 6.3% in the 2nd quarter. Harbour Investments Inc. now owns 4,250 shares of the company's stock valued at $351,000 after acquiring an additional 250 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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