Bank First National (NASDAQ:BFC) Issues Earnings Results, Beats Expectations By $0.17 EPS

Bank First National (NASDAQ:BFC) issued its quarterly earnings results on Tuesday. The company reported $2.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.28 by $0.17, FiscalAI reports. Bank First National had a return on equity of 11.89% and a net margin of 27.49%.

Bank First National Price Performance

BFC traded down $0.22 during trading on Tuesday, reaching $145.60. The company’s stock had a trading volume of 88,818 shares, compared to its average volume of 93,612. The company has a market cap of $1.62 billion, a price-to-earnings ratio of 20.25 and a beta of 0.41. The firm has a fifty day simple moving average of $144.46 and a two-hundred day simple moving average of $140.14. Bank First National has a 1 year low of $115.29 and a 1 year high of $154.29. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.03.

Insider Activity at Bank First National

In other news, Director Todd A. Sprang purchased 450 shares of the stock in a transaction dated Wednesday, April 22nd. The shares were purchased at an average price of $138.96 per share, with a total value of $62,532.00. Following the transaction, the director owned 2,015 shares in the company, valued at $280,004.40. The trade was a 28.75% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 4.97% of the company’s stock.

Hedge Funds Weigh In On Bank First National

A number of institutional investors have recently bought and sold shares of BFC. LPL Financial LLC acquired a new position in Bank First National in the fourth quarter valued at about $236,000. Caxton Associates LLP acquired a new stake in shares of Bank First National during the third quarter valued at about $241,000. Virtu Financial LLC purchased a new stake in shares of Bank First National in the 3rd quarter valued at approximately $267,000. Squarepoint Ops LLC purchased a new stake in shares of Bank First National in the 3rd quarter valued at approximately $360,000. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of Bank First National in the 3rd quarter worth approximately $378,000. 29.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on BFC. Zacks Research raised Bank First National from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 18th. Piper Sandler lifted their price objective on shares of Bank First National from $150.00 to $157.00 and gave the company a “neutral” rating in a research note on Monday, April 20th. Hovde Group raised their price target on shares of Bank First National from $160.00 to $165.00 and gave the company an “outperform” rating in a research report on Thursday, May 21st. Weiss Ratings cut Bank First National from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Thursday, June 4th. Finally, Wall Street Zen upgraded shares of Bank First National from a “strong sell” rating to a “hold” rating in a research report on Saturday, May 16th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $161.00.

Bank First National Company Profile

Bank First National Corporation (NASDAQ: BFC) is the bank holding company for Bank First National, a community bank headquartered in Princeton, Wisconsin. The company offers a comprehensive suite of financial services designed to meet the needs of individuals, families, small businesses and agricultural clients. Through its branch network and digital channels, Bank First National provides deposit accounts, consumer and commercial lending, mortgage financing and treasury management solutions.

The bank’s core deposit products include checking and savings accounts, money market funds and certificates of deposit, complemented by online and mobile banking platforms that enable customers to manage their finances remotely.