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

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

Analysts Set New Price Targets

BFC has been the subject of several recent research reports. Piper Sandler dropped their price objective on Bank First from $90.00 to $87.00 and set a “neutral” rating for the company in a report on Thursday, April 18th. Hovde Group downgraded Bank First from an “outperform” rating to a “market perform” rating in a report on Monday, March 4th.

Bank First Stock Performance

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

Bank First Dividend Announcement

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

Insider Activity at Bank First

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

Hedge Funds Weigh In On Bank First

A number of institutional investors have recently modified their holdings of the company. Wealthcare Advisory Partners LLC purchased a new stake in Bank First in the 1st quarter valued at $2,054,000. Virtu Financial LLC purchased a new stake in Bank First in the 4th quarter valued at $241,000. Regal Investment Advisors LLC purchased a new stake in Bank First in the 4th quarter valued at $429,000. NorthRock Partners LLC purchased a new stake in Bank First in the 4th quarter valued at $214,000. Finally, Beacon Pointe Advisors LLC raised its position in Bank First by 7.8% in the 4th quarter. Beacon Pointe Advisors LLC now owns 17,077 shares of the company’s stock valued at $1,480,000 after buying an additional 1,231 shares during the last quarter. 29.95% of the stock is owned by institutional investors and hedge funds.

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.