Bank First (NASDAQ:BFC) Trading Down 0.5% – What’s Next?

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

Analysts Set New Price Targets

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

Bank First Price Performance

The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market capitalization of $1.00 billion, a P/E ratio of 12.33 and a beta of 0.34. The firm has a fifty day moving average price of $101.31 and a two-hundred day moving average price of $92.02.

Bank First (NASDAQ:BFC) last issued its quarterly earnings data on Tuesday, October 15th. The company reported $1.65 earnings per share 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, analysts expect that Bank First Co. will post 6.35 EPS for the current fiscal year.

Bank First Increases Dividend

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

Hedge Funds Weigh In On Bank First

Several large investors have recently made changes to their positions in the business. F M Investments LLC purchased a new stake in shares of Bank First during the 2nd quarter worth approximately $2,560,000. American Century Companies Inc. lifted its position in Bank First by 167.3% during the second quarter. American Century Companies Inc. now owns 37,873 shares of the company’s stock valued at $3,128,000 after purchasing an additional 23,705 shares during the last quarter. Barclays PLC grew its stake in shares of Bank First by 339.9% in the 3rd quarter. Barclays PLC now owns 15,635 shares of the company’s stock worth $1,417,000 after buying an additional 12,081 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Bank First by 3.7% in the 3rd quarter. Geode Capital Management LLC now owns 222,204 shares of the company’s stock worth $20,158,000 after buying an additional 7,922 shares during the last quarter. Finally, State Street Corp increased its stake in Bank First by 3.4% during the third quarter. State Street Corp now owns 238,225 shares of the company’s stock worth $21,701,000 after acquiring an additional 7,822 shares during the last quarter. 29.95% of the stock is currently owned by hedge funds and other institutional investors.

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.