Bank First (NASDAQ:BFC) Trading Down 0.5% – Here’s Why

Bank First Co. (NASDAQ:BFC) fell 0.5% during mid-day trading on Tuesday . The company traded as low as $98.98 and last traded at $99.08. 1,473 shares changed hands during trading, a decline of 93% from the average session volume of 20,278 shares. The stock had previously closed at $99.62.

Analyst Ratings Changes

Separately, Piper Sandler upped their target price on shares of Bank First from $99.00 to $104.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th.

Bank First Stock Up 0.7 %

The stock’s fifty day simple moving average is $101.62 and its 200-day simple moving average is $92.22. The stock has a market capitalization of $1.00 billion, a PE ratio of 12.33 and a beta of 0.34. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.02.

Bank First (NASDAQ:BFC) last posted its earnings results on Tuesday, October 15th. The company reported $1.65 EPS for the quarter, topping the consensus estimate of $1.54 by $0.11. The firm had revenue of $58.93 million for the quarter, compared to analysts’ expectations of $39.60 million. Bank First had a net margin of 32.02% and a return on equity of 10.10%. As a group, sell-side analysts forecast that Bank First Co. will post 6.35 EPS for the current fiscal year.

Bank First Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Monday, December 23rd will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.79%. This is a boost from Bank First’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Monday, December 23rd. Bank First’s payout ratio is presently 22.11%.

Institutional Investors Weigh In On Bank First

A number of hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp increased its position in shares of Bank First by 10.0% during the second quarter. Bank of New York Mellon Corp now owns 45,912 shares of the company’s stock valued at $3,792,000 after buying an additional 4,157 shares during the period. Harbour Investments Inc. increased its holdings in shares of Bank First by 6.3% in the second quarter. Harbour Investments Inc. now owns 4,250 shares of the company’s stock worth $351,000 after purchasing an additional 250 shares during the period. F M Investments LLC purchased a new stake in shares of Bank First in the second quarter worth $2,560,000. Rhumbline Advisers boosted its stake in Bank First by 5.5% during the second quarter. Rhumbline Advisers now owns 14,246 shares of the company’s stock valued at $1,177,000 after buying an additional 746 shares during the period. Finally, Arizona State Retirement System grew its position in Bank First by 5.5% during the second quarter. Arizona State Retirement System now owns 2,554 shares of the company’s stock worth $211,000 after buying an additional 133 shares in the last quarter. 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.