Short Interest in Bank First Co. (NASDAQ:BFC) Drops By 11.2%

Bank First Co. (NASDAQ:BFCGet Free Report) was the recipient of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totalling 139,600 shares, a decrease of 11.2% from the November 30th total of 157,200 shares. Based on an average daily trading volume, of 17,200 shares, the days-to-cover ratio is currently 8.1 days.

Bank First Stock Performance

Bank First stock traded up $1.14 during midday trading on Tuesday, hitting $100.28. The stock had a trading volume of 6,914 shares, compared to its average volume of 20,131. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.02. Bank First has a 52-week low of $74.90 and a 52-week high of $110.49. The company has a market capitalization of $1.00 billion, a PE ratio of 12.32 and a beta of 0.34. The firm’s fifty day moving average is $101.92 and its two-hundred day moving average is $92.72.

Bank First (NASDAQ:BFCGet Free Report) last issued its quarterly earnings results on Tuesday, October 15th. The company reported $1.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.54 by $0.11. Bank First had a return on equity of 10.10% and a net margin of 32.02%. The business had revenue of $58.93 million during the quarter, compared to analyst estimates of $39.60 million. On average, research analysts forecast that Bank First will post 6.35 EPS for the current year.

Bank First Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Monday, December 23rd will be given a dividend of $0.45 per share. This is a positive change from Bank First’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Monday, December 23rd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.79%. Bank First’s dividend payout ratio (DPR) is presently 22.11%.

Analyst Ratings Changes

Separately, Piper Sandler upped their target price on shares of Bank First from $99.00 to $104.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th.

View Our Latest Research Report on Bank First

Institutional Investors Weigh In On Bank First

Several large investors have recently bought and sold shares of the business. Quest Partners LLC raised its holdings in Bank First by 65,700.0% during the 2nd quarter. Quest Partners LLC now owns 658 shares of the company’s stock valued at $54,000 after buying an additional 657 shares during the period. Arizona State Retirement System raised its stake in shares of Bank First by 5.5% in the second quarter. Arizona State Retirement System now owns 2,554 shares of the company’s stock valued at $211,000 after acquiring an additional 133 shares during the period. PDT Partners LLC bought a new stake in shares of Bank First in the 3rd quarter worth about $306,000. SG Americas Securities LLC boosted its stake in shares of Bank First by 91.7% during the 3rd quarter. SG Americas Securities LLC now owns 3,696 shares of the company’s stock worth $335,000 after purchasing an additional 1,768 shares during the period. Finally, Mercer Global Advisors Inc. ADV grew its holdings in Bank First by 30.7% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 5,268 shares of the company’s stock valued at $435,000 after purchasing an additional 1,237 shares during the last quarter. Institutional investors own 29.95% of the company’s stock.

About Bank First

(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. It 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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