Bank First (NASDAQ:BFC) Stock Price Down 0.5% - Should You Sell?

Bank First Co. (NASDAQ:BFC - Get Free Report)'s stock price dropped 0.5% on Tuesday . The stock traded as low as $98.98 and last traded at $99.08. Approximately 1,473 shares changed hands during trading, a decline of 93% from the average daily volume of 20,278 shares. The stock had previously closed at $99.62.

Analyst Upgrades and Downgrades

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

Bank First Stock Performance

The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a fifty day simple moving average of $101.49 and a two-hundred day simple moving average of $92.17. The stock has a market cap of $1.00 billion, a PE ratio of 12.33 and a beta of 0.34.

Bank First (NASDAQ:BFC - Get Free Report) last posted its earnings results on Tuesday, October 15th. The company reported $1.65 EPS for the quarter, topping analysts' consensus estimates of $1.54 by $0.11. The business had revenue of $58.93 million for the quarter, compared to analysts' expectations of $39.60 million. Bank First had a net margin of 32.02% and a return on equity of 10.10%. Equities analysts anticipate that Bank First Co. will post 6.35 EPS for the current fiscal year.

Bank First Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Monday, December 23rd will be paid a dividend of $0.45 per share. The ex-dividend date is Monday, December 23rd. This is an increase from Bank First's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 1.79%. Bank First's dividend payout ratio (DPR) is currently 22.11%.

Institutional Investors Weigh In On Bank First

Hedge funds and other institutional investors have recently bought and sold shares of the business. Quest Partners LLC grew its position in shares of Bank First by 65,700.0% during the second quarter. Quest Partners LLC now owns 658 shares of the company's stock worth $54,000 after buying an additional 657 shares in the last quarter. Arizona State Retirement System boosted its stake in Bank First by 5.5% during the 2nd 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 last quarter. PDT Partners LLC bought a new position in Bank First during the 3rd quarter valued at $306,000. SG Americas Securities LLC grew its holdings in Bank First by 91.7% during the 3rd 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 in the last quarter. Finally, Harbour Investments Inc. increased its position 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 worth $351,000 after purchasing an additional 250 shares during the last quarter. 29.95% of the stock is currently 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.