Bank First (NASDAQ:BFC) Sees Large Volume Increase - Still a Buy?

Bank First Co. (NASDAQ:BFC - Get Free Report) saw strong trading volume on Tuesday . 37,769 shares traded hands during trading, an increase of 82% from the previous session's volume of 20,785 shares.The stock last traded at $107.95 and had previously closed at $106.30.

Analysts Set New Price Targets

Separately, Piper Sandler lifted their target price on Bank First from $110.00 to $111.00 and gave the company a "neutral" rating in a research report on Thursday, April 17th.

Bank First Price Performance

The firm's fifty day simple moving average is $102.60 and its two-hundred day simple moving average is $101.13. 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 cap of $1.10 billion, a PE ratio of 16.95 and a beta of 0.31.

Bank First (NASDAQ:BFC - Get Free Report) last released its earnings results on Tuesday, April 15th. The company reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.20. Bank First had a return on equity of 10.53% and a net margin of 29.00%. The firm had revenue of $43.10 million during the quarter, compared to analysts' expectations of $41.80 million. As a group, research analysts expect that Bank First Co. will post 6.9 EPS for the current year.

Bank First Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 25th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend is Wednesday, June 25th. Bank First's dividend payout ratio (DPR) is presently 26.43%.

Insider Activity at Bank First

In other news, Director Michael S. Stayer-Suprick bought 1,000 shares of the stock in a transaction dated Wednesday, February 19th. The stock was purchased at an average cost of $102.07 per share, for a total transaction of $102,070.00. Following the transaction, the director now owns 3,035 shares of the company's stock, valued at $309,782.45. The trade was a 49.14 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Daniel C. Mcconeghy purchased 380 shares of Bank First stock in a transaction that occurred on Tuesday, March 4th. The stock was acquired at an average price of $105.72 per share, for a total transaction of $40,173.60. Following the transaction, 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.

Hedge Funds Weigh In On Bank First

Several institutional investors have recently bought and sold shares of the business. Lazard Asset Management LLC purchased a new stake in shares of Bank First during the 4th quarter valued at about $25,000. Sterling Capital Management LLC raised its position in Bank First by 771.4% during the fourth quarter. Sterling Capital Management LLC now owns 305 shares of the company's stock valued at $30,000 after purchasing an additional 270 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in Bank First during the fourth quarter valued at approximately $189,000. GAMMA Investing LLC lifted its stake in shares of Bank First by 17,300.0% in the 1st quarter. GAMMA Investing LLC now owns 1,914 shares of the company's stock valued at $193,000 after purchasing an additional 1,903 shares during the last quarter. Finally, Hanlon Investment Management Inc. purchased a new position in shares of Bank First in the 4th quarter worth approximately $218,000. Institutional investors own 29.95% of the company's stock.

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.