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

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

Institutional Trading of Bank First

Several hedge funds have recently made changes to their positions in BFC. Quest Partners LLC lifted its stake in shares of Bank First by 65,700.0% in the 2nd quarter. Quest Partners LLC now owns 658 shares of the company's stock valued at $54,000 after purchasing an additional 657 shares during the last quarter. Arizona State Retirement System lifted its position in 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 buying an additional 133 shares during the last quarter. PDT Partners LLC acquired a new position in Bank First in the third quarter valued at about $306,000. SG Americas Securities LLC boosted its stake in Bank First by 91.7% during the third quarter. SG Americas Securities LLC now owns 3,696 shares of the company's stock worth $335,000 after buying an additional 1,768 shares during the period. Finally, Mercer Global Advisors Inc. ADV increased its position in shares of Bank First by 30.7% during the second quarter. Mercer Global Advisors Inc. ADV now owns 5,268 shares of the company's stock valued at $435,000 after acquiring an additional 1,237 shares during the last quarter. Hedge funds and other institutional investors own 29.95% of the company's stock.

Analyst Ratings Changes

Separately, Piper Sandler raised their price objective on Bank First from $99.00 to $104.00 and gave the company a "neutral" rating in a report on Thursday, October 17th.

Bank First Price Performance

NASDAQ BFC traded up $0.47 during trading hours on Monday, hitting $99.14. 14,682 shares of the company's stock traded hands, compared to its average volume of 20,194. The company has a market capitalization of $992.59 million, a PE ratio of 12.18 and a beta of 0.34. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.00 and a quick ratio of 1.00. Bank First has a 52-week low of $74.90 and a 52-week high of $110.49. The firm's 50-day moving average is $101.78 and its 200-day moving average is $92.58.

Bank First (NASDAQ:BFC - Get Free Report) last posted its quarterly earnings results on Tuesday, October 15th. The company reported $1.65 earnings per share (EPS) for the quarter, beating 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. Equities analysts forecast that Bank First will post 6.35 EPS for the current fiscal year.

Bank First Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Monday, December 23rd will be given a dividend of $0.45 per share. This is a boost from Bank First's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 1.82%. The ex-dividend date is Monday, December 23rd. Bank First's dividend payout ratio (DPR) is presently 22.11%.

About Bank First

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.