Bank First (NASDAQ:BFC) Sees Unusually-High Trading Volume – Here’s Why

Shares of Bank First Co. (NASDAQ:BFC) saw unusually-strong trading volume on Monday . Approximately 11,648 shares changed hands during mid-day 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.

Analyst Upgrades and Downgrades

Separately, Piper Sandler upped their target price on shares of Bank First from $99.00 to $104.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th.

Bank First Stock Performance

The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 16.00 and a beta of 0.35. 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 stock’s 50-day simple moving average is $101.30 and its 200 day simple moving average is $96.05.

Bank First (NASDAQ:BFC) last announced its earnings results on Tuesday, January 21st. The company reported $1.74 earnings per share (EPS) for the quarter, topping 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%. Analysts expect that Bank First Co. will post 6.9 earnings per share for the current fiscal year.

Bank First Dividend Announcement

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 paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date is Wednesday, March 26th. Bank First’s dividend payout ratio (DPR) is 27.69%.

Institutional Investors Weigh In On Bank First

A number of institutional investors and hedge funds have recently modified their holdings of BFC. JPMorgan Chase & Co. increased its stake in Bank First by 103.2% in the fourth quarter. JPMorgan Chase & Co. now owns 48,500 shares of the company’s stock valued at $4,806,000 after purchasing an additional 24,635 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Bank First by 2.1% during the fourth quarter. Vanguard Group Inc. now owns 518,341 shares of the company’s stock worth $51,362,000 after acquiring an additional 10,789 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Bank First during the fourth quarter worth $189,000. American Century Companies Inc. increased its position in shares of Bank First by 42.4% during the fourth quarter. American Century Companies Inc. now owns 63,294 shares of the company’s stock worth $6,272,000 after acquiring an additional 18,861 shares in the last quarter. Finally, Intech Investment Management LLC bought a new stake in shares of Bank First during the fourth quarter worth $397,000. 29.95% of the stock is owned by 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.