Bank First Co. (NASDAQ:BFC) Sees Large Drop in Short Interest

Bank First Co. (NASDAQ:BFC) saw a significant decline in short interest in the month of 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.

Hedge Funds Weigh In On Bank First

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BFC. Quest Partners LLC lifted 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 bought a new stake in shares of Bank First in the 3rd quarter valued at approximately $306,000. SG Americas Securities LLC lifted its stake 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 valued at $335,000 after purchasing an additional 1,768 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in shares of 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 purchasing an additional 1,237 shares during the last quarter. Finally, Marshall Wace LLP lifted its stake in shares of Bank First by 61.4% in 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. 29.95% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Bank First Price Performance

Bank First stock traded up $1.40 during midday trading on Friday, reaching $98.94. 16,210 shares of the stock traded hands, compared to its average volume of 15,263. The stock’s fifty day moving average is $102.49 and its 200-day moving average is $94.28. Bank First has a 12 month low of $74.90 and a 12 month high of $110.49. The stock has a market cap of $990.39 million, a P/E ratio of 12.15 and a beta of 0.35. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.02.

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.