Bank First National (NASDAQ:BFC) Issues Earnings Results

Bank First National (NASDAQ:BFC) posted its quarterly earnings data on Tuesday. The company reported $2.00 EPS for the quarter, topping the consensus estimate of $1.75 by $0.25, FiscalAI reports. Bank First National had a net margin of 29.34% and a return on equity of 11.28%. The company had revenue of $49.68 million during the quarter, compared to analyst estimates of $43.75 million.

Bank First National Stock Up 0.1%

Shares of BFC traded up $0.14 during mid-day trading on Thursday, hitting $135.82. The company’s stock had a trading volume of 66,074 shares, compared to its average volume of 52,605. Bank First National has a 52-week low of $93.00 and a 52-week high of $139.71. The company’s 50-day moving average is $127.28 and its 200-day moving average is $125.99. The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of 19.10 and a beta of 0.42. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.02.

Hedge Funds Weigh In On Bank First National

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets raised its holdings in Bank First National by 22.5% in the second quarter. BNP Paribas Financial Markets now owns 816 shares of the company’s stock worth $96,000 after purchasing an additional 150 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Bank First National by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,756 shares of the company’s stock worth $580,000 after buying an additional 250 shares during the last quarter. First Trust Advisors LP raised its stake in shares of Bank First National by 5.1% during the 2nd quarter. First Trust Advisors LP now owns 6,363 shares of the company’s stock worth $749,000 after acquiring an additional 309 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its position in Bank First National by 7.0% during the second quarter. CANADA LIFE ASSURANCE Co now owns 5,564 shares of the company’s stock valued at $656,000 after acquiring an additional 362 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in Bank First National by 118.4% in the second quarter. Tower Research Capital LLC TRC now owns 1,129 shares of the company’s stock valued at $133,000 after acquiring an additional 612 shares in the last quarter. Hedge funds and other institutional investors own 29.95% of the company’s stock.

Wall Street Analysts Forecast Growth

BFC has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bank First National in a research report on Wednesday, October 8th. Piper Sandler upped their price target on shares of Bank First National from $137.00 to $142.00 and gave the stock a “neutral” rating in a report on Thursday, October 23rd. Finally, Hovde Group lifted their price objective on shares of Bank First National from $145.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, October 22nd. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $146.00.

About Bank First National

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.