Bank First (NASDAQ:BFC) Shares Gap Down to $78.35

Bank First Co. (NASDAQ:BFC - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $78.35, but opened at $75.70. Bank First shares last traded at $78.18, with a volume of 1,906 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Piper Sandler increased their price objective on Bank First from $88.00 to $93.00 and gave the company a "neutral" rating in a research report on Thursday, January 18th. Hovde Group downgraded shares of Bank First from an "outperform" rating to a "market perform" rating in a report on Monday, March 4th.

Bank First Stock Down 2.6 %

The firm has a 50 day moving average of $83.48 and a 200-day moving average of $83.47. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market capitalization of $773.48 million, a P/E ratio of 10.48 and a beta of 0.27.

Bank First (NASDAQ:BFC - Get Free Report) last released its quarterly earnings data on Tuesday, April 16th. The company reported $1.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.49 by $0.02. The business had revenue of $37.75 million for the quarter, compared to analysts' expectations of $40.00 million. Bank First had a return on equity of 10.16% and a net margin of 31.03%. On average, equities research analysts expect that Bank First Co. will post 5.9 earnings per share for the current fiscal year.

Insider Transactions at Bank First

In related news, Director Mary Kay Bourbulas acquired 600 shares of the firm's stock in a transaction on Friday, March 15th. The shares were bought at an average cost of $82.88 per share, with a total value of $49,728.00. Following the completion of the acquisition, the director now owns 7,003 shares of the company's stock, valued at $580,408.64. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Phillip R. Maples bought 650 shares of the stock in a transaction dated Tuesday, February 6th. The shares were acquired at an average price of $81.72 per share, with a total value of $53,118.00. Following the acquisition, the director now owns 1,983 shares in the company, valued at $162,050.76. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mary Kay Bourbulas purchased 600 shares of the business's stock in a transaction that occurred on Friday, March 15th. The shares were purchased at an average cost of $82.88 per share, with a total value of $49,728.00. Following the completion of the acquisition, the director now directly owns 7,003 shares in the company, valued at $580,408.64. The disclosure for this purchase can be found here. 5.73% of the stock is owned by insiders.

Institutional Trading of Bank First

Several large investors have recently added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC lifted its position in Bank First by 85,912.7% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 6,016,591 shares of the company's stock worth $558,460,000 after buying an additional 6,009,596 shares in the last quarter. BlackRock Inc. lifted its position in shares of Bank First by 18.7% during the second quarter. BlackRock Inc. now owns 644,043 shares of the company's stock worth $53,584,000 after purchasing an additional 101,415 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Bank First by 28.8% during the third quarter. Vanguard Group Inc. now owns 408,408 shares of the company's stock valued at $31,235,000 after purchasing an additional 91,207 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Bank First by 167.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 67,538 shares of the company's stock valued at $5,211,000 after purchasing an additional 42,240 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Bank First by 24.9% in the 2nd quarter. Geode Capital Management LLC now owns 178,201 shares of the company's stock worth $14,826,000 after purchasing an additional 35,502 shares during the last quarter. 29.95% of the stock is owned by 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.