Short Interest in Bank First Co. (NASDAQ:BFC) Drops By 7.6%

Bank First Co. (NASDAQ:BFC - Get Free Report) was the target of a significant decline in short interest during the month of January. As of January 15th, there was short interest totalling 129,000 shares, a decline of 7.6% from the December 31st total of 139,600 shares. Based on an average daily trading volume, of 17,500 shares, the short-interest ratio is presently 7.4 days.

Wall Street Analysts Forecast Growth

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

Bank First Stock Performance

NASDAQ BFC traded up $1.89 on Wednesday, hitting $103.37. 13,012 shares of the company traded hands, compared to its average volume of 17,925. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of 15.90 and a beta of 0.35. Bank First has a 52-week low of $74.90 and a 52-week high of $110.49. The business's 50 day moving average price is $101.64 and its 200-day moving average price is $95.72. 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 - Get Free Report) last posted its quarterly earnings results on Tuesday, January 21st. The company reported $1.74 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.19. Bank First had a return on equity of 10.53% and a net margin of 29.00%. Equities analysts expect that Bank First will post 6.9 earnings per share for the current year.

Bank First Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 26th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend is Wednesday, March 26th. Bank First's payout ratio is 27.69%.

Institutional Trading of Bank First

Institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its holdings in shares of Bank First by 158.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 12,579 shares of the company's stock valued at $1,039,000 after purchasing an additional 7,703 shares during the last quarter. Marshall Wace LLP increased its stake in shares of 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 in the last quarter. SG Americas Securities LLC lifted its holdings in Bank First by 91.7% in the 3rd 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 in the last quarter. Quest Partners LLC grew its position in Bank First by 212.6% in the third quarter. Quest Partners LLC now owns 2,057 shares of the company's stock worth $187,000 after acquiring an additional 1,399 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in Bank First by 6.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 74,870 shares of the company's stock valued at $6,791,000 after purchasing an additional 4,480 shares during the last quarter. Institutional investors own 29.95% of the company's stock.

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.