Bank First Co. (NASDAQ:BFC) Short Interest Down 11.4% in April

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

Insider Activity

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

Hedge Funds Weigh In On Bank First

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of Bank First by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 510,701 shares of the company’s stock worth $39,401,000 after purchasing an additional 5,182 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Bank First by 1.5% in the 4th 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 during the period. Wealthcare Advisory Partners LLC acquired a new position in shares of Bank First in the 1st quarter valued at approximately $2,054,000. Swiss National Bank increased its position in shares of Bank First by 6.6% during the third quarter. Swiss National Bank now owns 19,417 shares of the company’s stock worth $1,498,000 after acquiring an additional 1,200 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D raised its holdings in shares of Bank First by 21.4% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 19,318 shares of the company’s stock worth $1,674,000 after acquiring an additional 3,399 shares during the period. 29.95% of the stock is currently owned by hedge funds and other institutional investors.

Bank First Stock Up 0.4 %

Shares of NASDAQ BFC traded up $0.33 during mid-day trading on Friday, reaching $78.86. The company had a trading volume of 13,365 shares, compared to its average volume of 17,251. The stock has a fifty day moving average of $82.49 and a two-hundred day moving average of $83.46. Bank First has a 12-month low of $65.00 and a 12-month high of $92.50. The company has a market capitalization of $798.06 million, a price-to-earnings ratio of 10.24 and a beta of 0.27. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.00 and a current ratio of 1.00.

Bank First Dividend Announcement

The business also recently announced 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. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date of this dividend is Tuesday, June 25th. Bank First’s dividend payout ratio (DPR) is currently 18.18%.

Analysts Set New Price Targets

A number of equities analysts recently commented on BFC shares. Piper Sandler decreased their price objective on shares of Bank First from $90.00 to $87.00 and set a “neutral” rating for the company in a research note on Thursday, April 18th. Hovde Group cut Bank First from an “outperform” rating to a “market perform” rating in a research report on Monday, March 4th.

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.