Bank First (NASDAQ:BFC) Sees Strong Trading Volume - What's Next?

Bank First Co. (NASDAQ:BFC) experienced significant trading activity recently, with an unusual trading volume recorded on a Monday. During this session, approximately 11,648 shares of the stock changed hands. This trading volume represents a decline of 33% compared to the previous day's volume of 17,463 shares. The stock was noted to last trade at $102.00, down from the prior close of $104.44.

Analyst Ratings Updates

In an important update, Piper Sandler has raised their price target for Bank First from $99.00 to $104.00. They also assigned the company a "neutral" rating in a report released on October 17th.

Check Out The Latest Stock Report on Bank First

Bank First's Performance

The stock has seen a slight increase of 0.7%. The company has demonstrated a solid financial position with a debt-to-equity ratio of 0.02, along with both quick and current ratios of 1.00. For its trading averages, Bank First holds a 50-day moving average of $101.43 and a 200-day moving average of $95.93. With a market capitalization of $1.03 billion, it boasts a price-to-earnings (P/E) ratio of 15.80 and a beta of 0.35, suggesting it is less volatile compared to the market.

Bank First last reported its quarterly earnings on January 21st. In this report, they announced earnings of $1.74 per share, which exceeded analyst estimates of $1.55 by $0.19. The company has revealed a net margin of 29.00% and a return on equity of 10.53%. Looking ahead, analysts are predicting an earnings per share (EPS) of 6.9 for the current fiscal year.

Dividend Announcements

In addition to its trading performance, Bank First recently announced a quarterly dividend. This dividend is scheduled to be paid on April 9th, with an amount of $0.45 per share for investors who are recorded as of March 26th. The ex-dividend date is also March 26th, and this translates to an annualized dividend yield of 1.75%, indicating a dividend payout ratio of 27.69%.

Institutional Investment Trends

Institutional investors are playing a notable role in Bank First’s stock activity. Recently, Quest Partners LLC increased their stake in the company by an impressive 212.6% during the third quarter, accumulating 2,057 shares valued at around $187,000, after purchasing an additional 1,399 shares. Other institutional moves include Connor Clark & Lunn Investment Management acquiring a new position in Bank First valued at approximately $277,000 in the fourth quarter, and Raymond James Financial Inc. buying another new stake worth $287,000 during the same period. Overall, approximately 29.95% of Bank First's stock is held by institutional investors.

About Bank First

Bank First Corporation acts as a holding company for Bank First, N.A., providing a range of consumer and commercial financial services throughout Wisconsin. Their offerings include checking and savings accounts, cash management solutions, retirement planning, and various mortgage products.

Conclusion

As trading volume continues to fluctuate for Bank First, investors may consider both the recent analyst ratings and the company’s financial standing before making any decisions. Keeping an eye on institutional trends and dividend announcements can also provide additional insight into potential investment opportunities.

Bank, Stocks, Investing