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

Bank First Co. (NASDAQ:BFC - Get Free Report) was the target of a significant decrease in short interest in April. As of April 15th, there was short interest totalling 199,800 shares, a decrease of 11.4% from the March 31st total of 225,400 shares. Based on an average trading volume of 18,500 shares, the days-to-cover ratio is currently 10.8 days.

Bank First Trading Up 0.4 %

NASDAQ:BFC traded up $0.33 on Friday, hitting $78.86. 13,365 shares of the stock were exchanged, compared to its average volume of 17,251. The stock has a market cap of $798.06 million, a PE ratio of 10.24 and a beta of 0.27. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.03. The stock has a fifty day moving average of $82.49 and a 200-day moving average of $83.46. Bank First has a fifty-two week low of $65.00 and a fifty-two week high of $92.50.

Bank First Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Wednesday, June 26th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Tuesday, June 25th. This represents a $1.40 annualized dividend and a yield of 1.78%. Bank First's dividend payout ratio is presently 18.18%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Hovde Group downgraded Bank First from an "outperform" rating to a "market perform" rating in a research report on Monday, March 4th. Piper Sandler dropped their price target on Bank First from $90.00 to $87.00 and set a "neutral" rating for the company in a research note on Thursday, April 18th.

Insider Activity

In related news, Director Mary Kay Bourbulas acquired 600 shares of Bank First stock in a transaction dated Friday, March 15th. The shares were acquired at an average cost of $82.88 per share, for a total transaction of $49,728.00. Following the completion of the transaction, the director now directly owns 7,003 shares of the company's stock, valued at $580,408.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Bank First news, Director Phillip R. Maples bought 650 shares of Bank First stock in a transaction that occurred on Tuesday, February 6th. The shares were purchased at an average cost of $81.72 per share, for a total transaction of $53,118.00. Following the completion of the transaction, the director now owns 1,983 shares of the company's stock, valued at approximately $162,050.76. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mary Kay Bourbulas bought 600 shares of Bank First stock in a transaction that occurred on Friday, March 15th. The shares were acquired at an average price of $82.88 per share, for a total transaction of $49,728.00. Following the completion of the transaction, the director now directly owns 7,003 shares of the company's stock, valued at approximately $580,408.64. The disclosure for this purchase can be found here. Company insiders own 5.73% of the company's stock.

Institutional Investors Weigh In On Bank First

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Avantax Advisory Services Inc. grew its stake in shares of Bank First by 1.9% in the third quarter. Avantax Advisory Services Inc. now owns 10,887 shares of the company's stock valued at $840,000 after buying an additional 200 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Bank First in the third quarter valued at about $57,000. SG Americas Securities LLC grew its stake in shares of Bank First by 21.3% in the fourth quarter. SG Americas Securities LLC now owns 5,275 shares of the company's stock valued at $457,000 after buying an additional 928 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Bank First by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 68,545 shares of the company's stock valued at $5,940,000 after buying an additional 1,007 shares in the last quarter. Finally, Swiss National Bank grew its stake in shares of Bank First by 6.6% in the third quarter. Swiss National Bank now owns 19,417 shares of the company's stock valued at $1,498,000 after buying an additional 1,200 shares in the last quarter. 29.95% of the stock is currently owned by institutional investors and hedge funds.

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.