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

Bank First Co. (NASDAQ:BFC) was the target of a large drop in short interest during the month of 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 trading volume, of 17,500 shares, the days-to-cover ratio is currently 7.4 days.

Bank First Trading Up 1.4 %

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

Bank First (NASDAQ:BFC) last released its earnings results on Tuesday, October 15th. The company reported $1.65 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $39.60 million. On average, equities analysts anticipate that Bank First will post 6.35 earnings per share for the current year.

Institutional Trading of Bank First

Large investors have recently modified their holdings of the stock. Quest Partners LLC grew its position in Bank First by 212.6% in 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 stake in shares of Bank First in the 3rd quarter worth about $306,000. SG Americas Securities LLC raised its holdings in shares of Bank First by 91.7% in the 3rd quarter. SG Americas Securities LLC now owns 3,696 shares of the company’s stock worth $335,000 after acquiring an additional 1,768 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its position in Bank First by 30.7% in the 2nd 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 in the last quarter. Finally, Marshall Wace LLP boosted its stake in Bank First by 61.4% during the 2nd quarter. Marshall Wace LLP now owns 6,513 shares of the company’s stock valued at $538,000 after purchasing an additional 2,478 shares during the last quarter. Institutional investors and hedge funds own 29.95% of the company’s stock.

Wall Street Analyst Weigh In

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

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.