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

Bank First Co. (NASDAQ:BFC) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 198,500 shares, a growth of 11.4% from the August 15th total of 178,200 shares. Based on an average trading volume of 27,000 shares, the short-interest ratio is presently 7.4 days.

Analyst Ratings Changes

Separately, Piper Sandler lifted their price objective on Bank First from $84.00 to $99.00 and gave the stock a “neutral” rating in a report on Thursday, July 18th.

Bank First Stock Performance

NASDAQ BFC traded up $1.03 on Monday, hitting $91.83. 25,687 shares of the company traded hands, compared to its average volume of 21,020. The company has a market capitalization of $925.74 million, a price-to-earnings ratio of 11.93 and a beta of 0.31. 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 business’s 50 day moving average price is $88.94 and its 200-day moving average price is $84.05. Bank First has a 52-week low of $70.00 and a 52-week high of $96.00.

Bank First (NASDAQ:BFC) last released its earnings results on Tuesday, July 16th. The company reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.13. The company had revenue of $55.22 million for the quarter, compared to the consensus estimate of $38.70 million. Bank First had a return on equity of 10.07% and a net margin of 32.18%. Equities analysts expect that Bank First will post 6.1 earnings per share for the current year.

Bank First Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Wednesday, September 25th will be given a dividend of $0.40 per share. The ex-dividend date is Wednesday, September 25th. This is an increase from Bank First’s previous quarterly dividend of $0.35. This represents a $1.60 annualized dividend and a yield of 1.74%. Bank First’s payout ratio is 20.78%.

Hedge Funds Weigh In On Bank First

Several large investors have recently made changes to their positions in the business. Quest Partners LLC lifted its position 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 acquiring an additional 657 shares in the last quarter. Arizona State Retirement System lifted its position in shares of 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 acquiring an additional 133 shares in the last quarter. NorthRock Partners LLC purchased a new position in shares of Bank First in the fourth quarter valued at about $214,000. Price T Rowe Associates Inc. MD purchased a new position in shares of Bank First in the first quarter valued at about $232,000. Finally, EntryPoint Capital LLC increased its holdings in shares of Bank First by 102.8% in the first quarter. EntryPoint Capital LLC now owns 2,726 shares of the company’s stock worth $236,000 after purchasing an additional 1,382 shares during the last quarter. 29.95% of the stock is currently owned by hedge funds and other institutional investors.

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.