Bank First (NASDAQ:BFC) Trading Up 7.4% After Insider Buying Activity

Bank First Co. (NASDAQ:BFCGet Free Report)’s stock price rose 7.4% during mid-day trading on Friday following insider buying activity. The stock traded as high as $89.31 and last traded at $89.31. Approximately 952 shares traded hands during mid-day trading, a decline of 95% from the average daily volume of 19,323 shares. The stock had previously closed at $83.16.

Specifically, Director Phillip R. Maples bought 650 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was purchased at an average cost of $81.72 per share, for a total transaction of $53,118.00. Following the completion of the acquisition, the director now owns 1,983 shares in the company, valued at $162,050.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.73% of the stock is owned by insiders.

Analysts Set New Price Targets

BFC has been the topic of several recent analyst reports. Hovde Group raised shares of Bank First from a “market perform” rating to an “outperform” rating and upped their price target for the company from $88.00 to $100.00 in a report on Wednesday, December 20th. Piper Sandler boosted their target price on shares of Bank First from $88.00 to $93.00 and gave the company a “neutral” rating in a research note on Thursday, January 18th.

Read Our Latest Stock Report on Bank First

Bank First Trading Up 2.2 %

The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.06. The firm’s 50 day simple moving average is $86.24 and its two-hundred day simple moving average is $82.58. The stock has a market cap of $881.55 million, a P/E ratio of 11.68 and a beta of 0.29.

Bank First (NASDAQ:BFCGet Free Report) last released its quarterly earnings results on Tuesday, January 16th. The company reported $1.44 EPS for the quarter, topping the consensus estimate of $1.41 by $0.03. The business had revenue of $75.37 million during the quarter. Bank First had a net margin of 31.03% and a return on equity of 10.38%. As a group, equities research analysts predict that Bank First Co. will post 5.9 earnings per share for the current fiscal year.

Bank First Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 10th. Stockholders of record on Wednesday, March 27th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Tuesday, March 26th. This represents a $1.40 annualized dividend and a dividend yield of 1.65%. This is a positive change from Bank First’s previous quarterly dividend of $0.30. Bank First’s dividend payout ratio is currently 16.48%.

Institutional Investors Weigh In On Bank First

Several institutional investors have recently bought and sold shares of the stock. UBS Group AG lifted its holdings in Bank First by 91.6% in the fourth quarter. UBS Group AG now owns 11,000 shares of the company’s stock worth $953,000 after purchasing an additional 5,259 shares during the period. NorthRock Partners LLC acquired a new stake in Bank First in the fourth quarter worth about $214,000. Beacon Pointe Advisors LLC lifted its holdings in Bank First by 7.8% in the fourth quarter. Beacon Pointe Advisors LLC now owns 17,077 shares of the company’s stock worth $1,480,000 after purchasing an additional 1,231 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Bank First by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 68,545 shares of the company’s stock worth $5,940,000 after purchasing an additional 1,007 shares during the period. Finally, N.E.W. Advisory Services LLC lifted its holdings in Bank First by 42.7% in the fourth quarter. N.E.W. Advisory Services LLC now owns 6,686 shares of the company’s stock worth $579,000 after purchasing an additional 2,000 shares during the period. Institutional investors and hedge funds own 27.35% of the company’s stock.

Bank First Company Profile

(Get Free Report)

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. The company offers checking, savings, money market, cash management, retirement, and health savings accounts; other time deposits; certificates of deposit; and residential mortgage products.

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