Bank First (NASDAQ:BFC) Sees Large Volume Increase After Insider Buying Activity

Bank First Co. (NASDAQ:BFC - Get Free Report) saw an uptick in trading volume on Wednesday following insider buying activity. 20,839 shares were traded during mid-day trading, an increase of 10% from the previous session's volume of 18,953 shares.The stock last traded at $102.83 and had previously closed at $102.09.

Specifically, Director Daniel C. Mcconeghy bought 380 shares of Bank First stock in a transaction dated Tuesday, March 4th. The stock was acquired at an average cost of $105.72 per share, with a total value of $40,173.60. Following the purchase, the director now directly owns 2,000 shares in the company, valued at $211,440. This represents a 23.46 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

Bank First Trading Down 2.6 %

The stock has a market capitalization of $1.00 billion, a PE ratio of 15.47 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's 50 day moving average price is $101.64 and its two-hundred day moving average price is $98.70.

Bank First (NASDAQ:BFC - Get Free Report) last announced its quarterly earnings results on Tuesday, January 21st. The company reported $1.74 earnings per share 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, analysts expect that Bank First Co. will post 6.9 earnings per share for the current year.

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Bank First Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 26th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend is Wednesday, March 26th. Bank First's dividend payout ratio is currently 27.69%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Stifel Financial Corp boosted its position in shares of Bank First by 18.1% in the 3rd quarter. Stifel Financial Corp now owns 47,834 shares of the company's stock valued at $4,339,000 after purchasing an additional 7,336 shares during the period. State Street Corp increased its holdings in shares of Bank First by 3.4% in the 3rd quarter. State Street Corp now owns 238,225 shares of the company's stock valued at $21,701,000 after purchasing an additional 7,822 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Bank First by 130.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 23,865 shares of the company's stock worth $2,165,000 after acquiring an additional 13,502 shares in the last quarter. Merit Financial Group LLC boosted its position in Bank First by 88.7% during the fourth quarter. Merit Financial Group LLC now owns 179,814 shares of the company's stock worth $17,818,000 after purchasing an additional 84,524 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Bank First by 3.7% in the 3rd quarter. Geode Capital Management LLC now owns 222,204 shares of the company's stock valued at $20,158,000 after acquiring an additional 7,922 shares during the last quarter. Institutional investors and hedge funds 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.