Bank First (NASDAQ:BFC) Shares Gap Down to $79.28

Bank First Co. (NASDAQ:BFC)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $79.28, but opened at $77.12. Bank First shares last traded at $76.79, with a volume of 2,401 shares trading hands.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on BFC. Hovde Group lowered Bank First from an “outperform” rating to a “market perform” rating in a research note on Monday, March 4th. Piper Sandler lowered their price objective on Bank First from $90.00 to $87.00 and set a “neutral” rating for the company in a research note on Thursday, April 18th.

Bank First Price Performance

The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $794.72 million, a P/E ratio of 10.20 and a beta of 0.27. The stock has a 50 day moving average of $82.64 and a 200-day moving average of $83.40.

Bank First Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Wednesday, June 26th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date is Tuesday, June 25th. Bank First’s dividend payout ratio is currently 18.18%.

Insider Buying and Selling

In other news, Director Mary Kay Bourbulas bought 600 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was acquired at an average cost of $82.88 per share, with a total value of $49,728.00. Following the transaction, the director now directly owns 7,003 shares in the company, valued at approximately $580,408.64. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Mary Kay Bourbulas purchased 600 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were acquired at an average cost of $82.88 per share, for a total transaction of $49,728.00. Following the acquisition, the director now owns 7,003 shares of the company’s stock, valued at approximately $580,408.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Phillip R. Maples bought 650 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The shares were acquired at an average price of $81.72 per share, for a total transaction of $53,118.00. Following the completion of the purchase, the director now owns 1,983 shares in the company, valued at $162,050.76. The disclosure for this purchase can be found here. 5.73% of the stock is owned by corporate insiders.

Institutional Trading of Bank First

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new position in Bank First in the 3rd quarter worth about $335,000. Vanguard Group Inc. raised its holdings in Bank First by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 510,701 shares of the company’s stock worth $39,401,000 after purchasing an additional 5,182 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Bank First by 167.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 67,538 shares of the company’s stock worth $5,211,000 after purchasing an additional 42,240 shares during the period. Swiss National Bank increased its stake in Bank First by 6.6% during the 3rd quarter. Swiss National Bank now owns 19,417 shares of the company’s stock worth $1,498,000 after buying an additional 1,200 shares in the last quarter. Finally, Raymond James & Associates purchased a new stake in Bank First during the 4th quarter worth approximately $631,000. Institutional investors and hedge funds 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.