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

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

Institutional Trading of Bank First

Several hedge funds have recently added to or reduced their stakes in BFC. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Bank First by 1.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 11,433 shares of the company's stock valued at $1,037,000 after buying an additional 155 shares during the period. SG Americas Securities LLC raised its holdings in Bank First by 20.1% in the 4th quarter. SG Americas Securities LLC now owns 4,438 shares of the company's stock valued at $440,000 after acquiring an additional 742 shares in the last quarter. Rhumbline Advisers increased its position in shares of Bank First by 5.5% in the second quarter. Rhumbline Advisers now owns 14,246 shares of the company's stock worth $1,177,000 after purchasing an additional 746 shares during the period. Mercer Global Advisors Inc. ADV raised its stake in Bank First by 30.7% in the second 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 in the last quarter. Finally, Quest Partners LLC increased its stake in Bank First by 212.6% in the third quarter. Quest Partners LLC now owns 2,057 shares of the company's stock valued at $187,000 after acquiring an additional 1,399 shares during the last quarter. 29.95% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Bank First Stock Performance

Shares of BFC traded up $1.40 during midday trading on Friday, reaching $98.94. The stock had a trading volume of 16,210 shares, compared to its average volume of 15,263. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.02. The firm has a 50 day simple moving average of $102.49 and a 200-day simple moving average of $94.20. The firm has a market cap of $990.39 million, a PE ratio of 12.15 and a beta of 0.35. Bank First has a one year low of $74.90 and a one year high of $110.49.

Bank First (NASDAQ:BFC - Get Free Report) last posted its earnings results on Tuesday, October 15th. The company reported $1.65 earnings per share 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 for 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.

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.

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