Bank First (NASDAQ:BFC) Sees Strong Trading Volume - What's Next?

Bank First Co. (NASDAQ:BFC - Get Free Report) shares saw unusually-high trading volume on Tuesday . Approximately 80,399 shares traded hands during trading, an increase of 230% from the previous session's volume of 24,363 shares.The stock last traded at $115.34 and had previously closed at $114.94.

Analyst Upgrades and Downgrades

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

Bank First Stock Performance

The company has a market cap of $1.12 billion, a PE ratio of 17.43 and a beta of 0.39. The stock has a 50 day simple moving average of $109.46 and a two-hundred day simple moving average of $104.70. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.00 and a quick ratio of 1.00.

Bank First (NASDAQ:BFC - Get Free Report) last announced its earnings results on Tuesday, April 15th. The company reported $1.82 EPS for the quarter, beating analysts' consensus estimates of $1.62 by $0.20. The business had revenue of $43.10 million for the quarter, compared to analysts' expectations of $41.80 million. Bank First had a net margin of 29.00% and a return on equity of 10.53%. Equities analysts predict that Bank First Co. will post 6.9 EPS for the current year.

Bank First Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 9th were paid a $3.50 dividend. The ex-dividend date of this dividend was Friday, May 9th. This is a positive change from Bank First's previous dividend of $0.20. Bank First's payout ratio is currently 26.43%.

Institutional Investors Weigh In On Bank First

Institutional investors and hedge funds have recently made changes to their positions in the business. Jane Street Group LLC grew its holdings in shares of Bank First by 194.8% during the first quarter. Jane Street Group LLC now owns 10,962 shares of the company's stock worth $1,104,000 after buying an additional 7,244 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Bank First by 58.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 20,843 shares of the company's stock worth $2,100,000 after acquiring an additional 7,656 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Bank First by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,756 shares of the company's stock valued at $580,000 after purchasing an additional 250 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Bank First by 102.9% in the first quarter. AQR Capital Management LLC now owns 17,100 shares of the company's stock valued at $1,723,000 after purchasing an additional 8,672 shares during the period. Finally, American Century Companies Inc. increased its holdings in shares of Bank First by 30.2% in the first quarter. American Century Companies Inc. now owns 82,425 shares of the company's stock valued at $8,303,000 after purchasing an additional 19,131 shares during the period. 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.