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

Bank First Co. (NASDAQ:BFC) was the recipient of a large decrease in short interest during the month of September. As of September 30th, there was short interest totalling 175,900 shares, a decrease of 8.9% from the September 15th total of 193,100 shares. Based on an average trading volume of 26,400 shares, the short-interest ratio is currently 6.7 days.

Bank First Price Performance

Bank First stock traded up $2.87 during mid-day trading on Wednesday, hitting $94.07. 27,477 shares of the company were exchanged, compared to its average volume of 20,911. 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 12-month low of $70.00 and a 12-month high of $96.00. The business’s 50 day simple moving average is $88.94 and its two-hundred day simple moving average is $84.92. The company has a market capitalization of $948.32 million, a P/E ratio of 12.22 and a beta of 0.30.

Bank First (NASDAQ:BFC) last announced its earnings results on Tuesday, October 15th. The company reported $1.65 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.11. Bank First had a net margin of 32.18% and a return on equity of 10.07%. The firm had revenue of $58.93 million during the quarter, compared to the consensus estimate of $39.60 million. Analysts forecast that Bank First will post 6.07 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Bank First

Several institutional investors and hedge funds have recently modified their holdings of the company. Quest Partners LLC boosted its stake in Bank First by 65,700.0% in the 2nd quarter. Quest Partners LLC now owns 658 shares of the company’s stock worth $54,000 after buying an additional 657 shares during the last quarter. Arizona State Retirement System boosted 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 worth $211,000 after acquiring an additional 133 shares during the last quarter. Price T Rowe Associates Inc. MD acquired a new stake in shares of Bank First in the first quarter worth approximately $232,000. EntryPoint Capital LLC grew its holdings in Bank First by 102.8% in the first quarter. EntryPoint Capital LLC now owns 2,726 shares of the company’s stock valued at $236,000 after purchasing an additional 1,382 shares during the period. Finally, Virtu Financial LLC acquired a new position in Bank First during the fourth quarter worth approximately $241,000. Hedge funds and other institutional investors own 29.95% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.