Bank First Co. (NASDAQ:BFC) Short Interest Down 7.6% in January

Bank First Co. (NASDAQ:BFC) saw a large decrease in short interest in the month of January. As of January 15th, there was short interest totalling 129,000 shares, a decrease of 7.6% from the December 31st total of 139,600 shares. Based on an average daily volume of 17,500 shares, the days-to-cover ratio is presently 7.4 days.

Institutional Investors Weigh In On Bank First

Several large investors have recently made changes to their positions in the business. Quest Partners LLC boosted its stake in Bank First by 212.6% during the 3rd quarter. Quest Partners LLC now owns 2,057 shares of the company’s stock valued at $187,000 after purchasing an additional 1,399 shares during the period. PDT Partners LLC acquired a new position in Bank First in the 3rd quarter valued at approximately $306,000. SG Americas Securities LLC boosted its position in Bank First by 91.7% during the third quarter. SG Americas Securities LLC now owns 3,696 shares of the company’s stock valued at $335,000 after purchasing an additional 1,768 shares during the last quarter. Heck Capital Advisors LLC acquired a new position in Bank First in the fourth quarter worth approximately $349,000. Finally, Marshall Wace LLP boosted its position in Bank First by 61.4% during the second quarter. Marshall Wace LLP now owns 6,513 shares of the company’s stock worth $538,000 after purchasing an additional 2,478 shares during the period. Institutional investors and hedge funds own 29.95% of the company’s stock.

Bank First Stock Performance

Shares of Bank First stock traded down $0.94 on Monday, reaching $100.24. 18,887 shares of the stock were exchanged, compared to its average volume of 18,985. The firm has a market capitalization of $1.00 billion, a PE ratio of 15.42 and a beta of 0.35. Bank First has a 1-year low of $74.90 and a 1-year high of $110.49. The business has a fifty day moving average price of $101.73 and a two-hundred day moving average price of $95.64. 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 (NASDAQ:BFC) last issued its quarterly earnings data on Tuesday, January 21st. The company reported $1.74 EPS for the quarter, beating analysts’ consensus estimates of $1.55 by $0.19. Bank First had a net margin of 29.00% and a return on equity of 10.53%. As a group, research analysts anticipate that Bank First will post 6.9 earnings per share for the current fiscal year.

Bank First Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 26th will be issued a $0.45 dividend. The ex-dividend date is Wednesday, March 26th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.80%. Bank First’s dividend payout ratio (DPR) is 27.69%.

Analysts Set New Price Targets

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

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.