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

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

Wall Street Analyst Weigh In

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

Bank First Stock Up 1.4 %

Shares of BFC opened at $98.94 on Monday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.02. Bank First has a 12 month low of $74.90 and a 12 month high of $110.49. The firm’s 50 day moving average is $102.49 and its 200-day moving average is $94.37. The stock has a market capitalization of $990.39 million, a PE ratio of 12.15 and a beta of 0.35.

Institutional Investors Weigh In On Bank First

A number of large investors have recently bought and sold shares of BFC. Quest Partners LLC increased its stake in shares of 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 last quarter. PDT Partners LLC acquired a new stake in Bank First in the third quarter valued at about $306,000. SG Americas Securities LLC grew its position in Bank First by 91.7% in the third quarter. SG Americas Securities LLC now owns 3,696 shares of the company’s stock valued at $335,000 after acquiring an additional 1,768 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its stake in Bank First by 30.7% during the second quarter. Mercer Global Advisors Inc. ADV now owns 5,268 shares of the company’s stock worth $435,000 after acquiring an additional 1,237 shares in the last quarter. Finally, Marshall Wace LLP lifted its holdings in shares of Bank First by 61.4% in the second quarter. Marshall Wace LLP now owns 6,513 shares of the company’s stock worth $538,000 after acquiring an additional 2,478 shares during the last quarter. 29.95% of the stock is currently owned by institutional investors and hedge funds.

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.