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

Bank First Co. (NASDAQ:BFC)’s share price gapped down before the market opened 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.

Analysts Set New Price Targets

Several research analysts have recently weighed in on BFC shares. Piper Sandler lowered their price objective on shares of Bank First from $90.00 to $87.00 and set a “neutral” rating on the stock in a research note on Thursday. 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 0.6 %

The firm has a market cap of $768.71 million, a P/E ratio of 9.85 and a beta of 0.27. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.00 and a current ratio of 1.00. The firm’s fifty day moving average is $83.22 and its 200 day moving average is $83.37.

Bank First (NASDAQ:BFC) last announced its 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 32.08% and a return on equity of 10.16%. As a group, equities research analysts anticipate that Bank First Co. will post 5.9 earnings per share for the current fiscal year.

Bank First Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Wednesday, June 26th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend is Wednesday, June 26th. Bank First’s dividend payout ratio is currently 18.18%.

Insider Buying and Selling at Bank First

In other Bank First news, Director Phillip R. Maples acquired 650 shares of the business’s stock in a transaction on Tuesday, February 6th. The stock was purchased at an average price of $81.72 per share, with a total value of $53,118.00. Following the acquisition, the director now directly owns 1,983 shares of the company’s stock, valued at approximately $162,050.76. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Bank First news, Director Phillip R. Maples acquired 650 shares of the business’s stock in a transaction on Tuesday, February 6th. The stock was purchased at an average price of $81.72 per share, with a total value of $53,118.00. Following the acquisition, the director now directly owns 1,983 shares of the company’s stock, valued at approximately $162,050.76. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Mary Kay Bourbulas purchased 600 shares of the business’s stock in a transaction dated 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 acquisition, the director now owns 7,003 shares in the company, valued at approximately $580,408.64. The disclosure for this purchase can be found here. Insiders own 5.73% of the company’s stock.

Institutional Trading of Bank First

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC lifted its holdings in shares of Bank First by 26.8% during the 3rd quarter. Tower Research Capital LLC TRC now owns 677 shares of the company’s stock worth $52,000 after acquiring an additional 143 shares during the period. Ameritas Investment Partners Inc. lifted its holdings in shares of Bank First by 24.6% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 771 shares of the company’s stock worth $64,000 after acquiring an additional 152 shares during the period. Credit Suisse AG lifted its holdings in shares of Bank First by 1.9% during the 1st quarter. Credit Suisse AG now owns 9,965 shares of the company’s stock worth $733,000 after acquiring an additional 186 shares during the period. Amalgamated Bank increased its position in Bank First by 23.3% during the 4th quarter. Amalgamated Bank now owns 1,016 shares of the company’s stock worth $94,000 after purchasing an additional 192 shares in the last quarter. Finally, Avantax Advisory Services Inc. increased its position in Bank First by 1.9% during the 3rd quarter. Avantax Advisory Services Inc. now owns 10,887 shares of the company’s stock worth $840,000 after purchasing an additional 200 shares in the last quarter. Institutional investors own 29.95% of the company’s stock.

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.