Bank First (NASDAQ:BFC) Sees Strong Trading Volume - Here's What Happened

Bank First Co. (NASDAQ:BFC - Get Free Report) shares saw strong trading volume on Thursday . 24,276 shares traded hands during trading, an increase of 45% from the previous session's volume of 16,761 shares.The stock last traded at $100.22 and had previously closed at $103.42.

Bank First Stock Performance

The company has a market cap of $996.10 million, a PE ratio of 15.33 and a beta of 0.32. The stock has a 50 day simple moving average of $100.92 and a two-hundred day simple moving average of $98.18. 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 announced its earnings results on Tuesday, January 21st. The company reported $1.74 EPS for the quarter, beating analysts' consensus estimates of $1.55 by $0.19. Bank First had a net margin of 29.00% and a return on equity of 10.53%. Equities analysts predict that Bank First Co. will post 6.9 EPS for the current year.

Bank First Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 26th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Wednesday, March 26th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.81%. Bank First's payout ratio is 27.69%.

Insider Buying and Selling

In related news, Director Michael S. Stayer-Suprick purchased 1,000 shares of the business's stock in a transaction dated Wednesday, February 19th. The stock was acquired at an average price of $102.07 per share, for a total transaction of $102,070.00. Following the completion of the purchase, the director now directly owns 3,035 shares of the company's stock, valued at $309,782.45. This trade represents a 49.14 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 4.10% of the company's stock.

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Hedge Funds Weigh In On Bank First

Several institutional investors have recently bought and sold shares of the company. Heck Capital Advisors LLC acquired a new stake in shares of Bank First in the 4th quarter worth $349,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in 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 worth $1,307,000 after purchasing an additional 1,754 shares in the last quarter. ProShare Advisors LLC acquired a new stake in Bank First in the fourth quarter valued at about $271,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Bank First by 2.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,506 shares of the company's stock valued at $546,000 after purchasing an additional 124 shares in the last quarter. Finally, Lazard Asset Management LLC purchased a new stake in Bank First in the 4th quarter valued at approximately $25,000. 29.95% of the stock is 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.