There was a discernible rise in the number of short positions held in Bank First Co. during November (NASDAQ: BFC). There were 226,400 shares available for a short sale as of November 30. This figure represents a 6.8% increase compared to the 212,000 shares that were available for a short sale on November 15. The number of days needed to cover an area is currently 14.1s held in Bank First Co. during November (NASDAQ: BFC). There were 226,400 shares available for a short sale as of November 30. This figure represents a 6.8% increase compared to the 212,000 shares that were available for a short sale on November 15. The number of days needed to cover an area is currently 14.1. This number was arrived at by considering that the daily volume of trading for shares is, on average, 16,100.
Tuesday, October 18, marked the day that Bank First (NASDAQ: BFC) disclosed and made public its most recent quarterly results report. The company’s earnings per share for the quarter came in at $1.69, which was $0.02 higher than the consensus estimate among financial analysts, who had predicted an amount of $1.67 for the EPS. The revenue for the quarter came in at $32.86 million, which was lower than the consensus estimate of $33.60 million among financial analysts. The return on equity for Bank First was 13.50 percent, while the net margin for the company was 34.15 percent. According to the projections made by equity research analysts, Bank First is expected to bring in a profit of $6.29 per share this year.
The company also declared a quarterly dividend, which is anticipated to be paid out on January 4 of this year. On Wednesday, December 21, the record date, shareholders showed that their shares would be eligible to receive a $0.25 dividend payment per share they own. The result of this is a dividend yield of 1.11% per year, which translates to a dividend payment of $1.00 per share for each share outstanding. The distribution of dividends is scheduled to take place on December 20, a Tuesday. The dividend payout ratio (DPR) for Bank First has reached a new all-time high of 17.83%.
NASDAQ: BFC was first available for trading on Friday for $90.36. The company has a PE ratio of 16.11 and a beta value of 0.36, and its market capitalization is currently sitting at $815.86 million. The share price of Bank First has ranged from a low of $68.28 to a high of $99.83 over the past 52 weeks. A debt-to-equity ratio of 0.05, a quick ratio of 0.94, a current ratio of 0.94, and a quick ratio of 0.94 are all present in the equation. The price of a share of the company’s stock is currently trading at $89.26, which is higher than its price of $81.13 on its 200-day moving average.
Recently, several different hedge funds and institutional investors have increased the amount of BFC they are currently holding in their portfolios or decreased the amount they are holding in their portfolios. During the first three months of the year, Advisor Group Holdings Inc. increased the amount of Bank First stock owned by 24.8%, bringing its total ownership percentage to 100%. After purchasing an additional 652 shares during the relevant period, Advisor Group Holdings Inc. now has 3,278 shares. The current value of these shares is $236,000, and Advisor Group Holdings Inc. In the first quarter of this year, the Swiss National Bank increased its stake in Bank First by 5.9 percent by purchasing additional shares. Swiss National Bank is now the owner of 16,217 shares of the company’s stock, which are currently valued at $1,167,000. This is a result of the bank’s purchase of an additional 900 shares during the period in question. The Bank of New York Mellon Corporation increased the amount of Bank First stock owned by 0.9% during the first three months of 2018. The Bank of New York Mellon Corporation has recently acquired 299 shares of the company’s stock, bringing its total number of shares of the company’s stock up to 32,784. The value of these additional shares is an additional $236,000. American Century Companies Inc. increased the amount of Bank First stock owned by 22.8% during the first three months of the year, bringing its total ownership percentage to 100%. American Century Companies Inc. now has 9,672 shares, valued at $696,000, after purchasing an additional 1,796 shares during the most recent quarter. PNC Financial Services Group Inc. increased the percentage of ownership it held in Bank First by 8.7% over the first three months of the year. PNC Financial Services Group Inc. now has a total of 24,924 shares following the purchase of an additional 2,000 shares during the most recent quarter. The value of all of the company’s shares is currently $1,794,000. To the tune of 27.21 percent of the company’s stock, institutional investors and hedge funds hold ownership stakes.
There have been several different brokerage firms that have produced reports on BFC and made them public. Hovde Group disclosed in a research report released on Thursday, October 27, that they had increased their target price for Bank First to $88,000. Piper Sandler disclosed in a research note that was made public on September 29 that they have decreased their target price for Bank First to $88,000.
Discussion about this post