Bank First (NASDAQ:BFC) Sees Large Volume Increase - What's Next?

Bank First Co. (NASDAQ:BFC - Get Free Report) shares saw unusually-high trading volume on Monday . Approximately 23,534 shares were traded during trading, a decline of 16% from the previous session's volume of 28,050 shares.The stock last traded at $112.71 and had previously closed at $112.02.

Analyst Ratings Changes

Several analysts have weighed in on the company. Hovde Group raised Bank First from a "market perform" rating to an "outperform" rating and set a $130.00 target price on the stock in a report on Tuesday, May 6th. Piper Sandler raised their target price on shares of Bank First from $110.00 to $111.00 and gave the company a "neutral" rating in a report on Thursday, April 17th.

Bank First Trading Down 0.2%

The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 17.14 and a beta of 0.39. The business has a 50 day moving average of $111.98 and a 200 day moving average of $105.20. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.02.

Bank First (NASDAQ:BFC - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $43.10 million for the quarter, compared to analysts' expectations of $41.80 million. On average, research analysts forecast that Bank First Co. will post 6.9 earnings per share for the current fiscal year.

Bank First Increases Dividend

The business also recently declared a dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 9th were paid a dividend of $3.50 per share. The ex-dividend date of this dividend was Friday, May 9th. This is an increase from Bank First's previous dividend of $0.20. Bank First's dividend payout ratio (DPR) is currently 26.43%.

Institutional Trading of Bank First

Institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp grew its position in Bank First by 3.5% during the fourth quarter. Bank of New York Mellon Corp now owns 39,977 shares of the company's stock valued at $3,961,000 after acquiring an additional 1,337 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Bank First by 0.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 75,563 shares of the company's stock worth $7,488,000 after purchasing an additional 693 shares during the period. Raymond James Financial Inc. acquired a new stake in Bank First during the 4th quarter worth approximately $287,000. Avantax Advisory Services Inc. raised its holdings in Bank First by 2.9% in the fourth quarter. Avantax Advisory Services Inc. now owns 10,998 shares of the company's stock valued at $1,090,000 after buying an additional 313 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in Bank First during the fourth quarter valued at approximately $277,000. 29.95% of the stock is owned by hedge funds and other institutional investors.

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.