Bank First Co. (NASDAQ:BFC) Short Interest Update

Bank First Co. (NASDAQ:BFC) was the recipient of a large decrease in short interest in the month of November. As of November 15th, there was short interest totalling 162,200 shares, a decrease of 11.0% from the October 31st total of 182,300 shares. Based on an average daily trading volume, of 18,700 shares, the days-to-cover ratio is presently 8.7 days.

Bank First Stock Performance

Shares of BFC traded up $0.18 during mid-day trading on Monday, hitting $107.05. The company’s stock had a trading volume of 4,128 shares, compared to its average volume of 20,346. The stock’s 50-day moving average is $95.84 and its two-hundred day moving average is $89.37. The firm has a market capitalization of $1.07 billion, a PE ratio of 13.16 and a beta of 0.30. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.00 and a current ratio of 1.00. Bank First has a one year low of $74.90 and a one year high of $110.49.

Bank First (NASDAQ:BFC) last announced its quarterly earnings data on Tuesday, October 15th. The company reported $1.65 EPS for the quarter, beating analysts’ consensus estimates of $1.54 by $0.11. Bank First had a net margin of 32.02% and a return on equity of 10.10%. The business had revenue of $58.93 million during the quarter, compared to analyst estimates of $39.60 million. As a group, sell-side analysts anticipate that Bank First will post 6.35 EPS for the current year.

Bank First Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Monday, December 23rd will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.68%. This is a boost from Bank First’s previous quarterly dividend of $0.40. The ex-dividend date is Monday, December 23rd. Bank First’s dividend payout ratio is 22.11%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Quest Partners LLC increased its holdings in shares of Bank First by 65,700.0% in the second quarter. Quest Partners LLC now owns 658 shares of the company’s stock valued at $54,000 after purchasing an additional 657 shares in the last quarter. Arizona State Retirement System increased its stake in shares of Bank First by 5.5% in the 2nd quarter. Arizona State Retirement System now owns 2,554 shares of the company’s stock valued at $211,000 after buying an additional 133 shares during the period. Price T Rowe Associates Inc. MD bought a new stake in shares of Bank First during the first quarter worth $232,000. PDT Partners LLC acquired a new position in shares of Bank First during the third quarter valued at $306,000. Finally, SG Americas Securities LLC boosted its holdings in Bank First by 91.7% in the third quarter. SG Americas Securities LLC now owns 3,696 shares of the company’s stock valued at $335,000 after acquiring an additional 1,768 shares during the last quarter. Institutional investors own 29.95% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Piper Sandler lifted 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.

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.