Bank First (NASDAQ:BFC) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Bank First Co. (NASDAQ:BFC) saw unusually-strong trading volume on Tuesday . Approximately 21,453 shares traded hands during mid-day trading, an increase of 4% from the previous session’s volume of 20,536 shares.The stock last traded at $100.03 and had previously closed at $99.13.

Bank First Stock Up 1.4 %

The company’s fifty day simple moving average is $101.62 and its 200 day simple moving average is $99.94. 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 $1.01 billion, a PE ratio of 15.58 and a beta of 0.31.

Bank First (NASDAQ:BFC) last released 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 return on equity of 10.53% and a net margin of 29.00%. Analysts anticipate that Bank First Co. will post 6.9 earnings per share for the current fiscal year.

Bank First Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 26th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date was Wednesday, March 26th. Bank First’s dividend payout ratio is presently 27.69%.

Insider Activity at Bank First

In related news, Director Michael S. Stayer-Suprick acquired 1,000 shares of Bank First stock in a transaction that occurred on Wednesday, February 19th. The stock was bought at an average price of $102.07 per share, with a total value of $102,070.00. Following the transaction, the director now directly owns 3,035 shares in the company, valued at approximately $309,782.45. This represents a 49.14 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Daniel C. Mcconeghy acquired 380 shares of the stock in a transaction on Tuesday, March 4th. The shares were bought at an average price of $105.72 per share, with a total value of $40,173.60. Following the purchase, the director now directly owns 2,000 shares of the company’s stock, valued at $211,440. The trade was a 23.46 % increase in their position. The disclosure for this purchase can be found here. 4.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Bank First

Several institutional investors have recently bought and sold shares of BFC. Commonwealth Equity Services LLC raised its holdings in Bank First by 2.3% in the fourth quarter. Commonwealth Equity Services LLC now owns 4,731 shares of the company’s stock worth $469,000 after buying an additional 105 shares during the last quarter. Mariner LLC increased its position in shares of Bank First by 4.7% during the fourth quarter. Mariner LLC now owns 2,497 shares of the company’s stock valued at $247,000 after acquiring an additional 112 shares in the last quarter. Citadel Advisors LLC raised its holdings in Bank First by 1.2% in the 4th quarter. Citadel Advisors LLC now owns 10,264 shares of the company’s stock worth $1,017,000 after acquiring an additional 119 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Bank First by 2.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,531 shares of the company’s stock valued at $449,000 after acquiring an additional 123 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Bank First by 2.3% during 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 during the last quarter. 29.95% of the stock is 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.