Bank First National (NASDAQ:BFC) Releases Quarterly Earnings Results, Beats Estimates By $0.25 EPS

Bank First National (NASDAQ:BFC) released its earnings results on Tuesday. The company reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.25, FiscalAI reports. Bank First National had a return on equity of 11.28% and a net margin of 29.34%.The company had revenue of $49.68 million for the quarter, compared to the consensus estimate of $43.75 million.

Bank First National Trading Up 0.1%

Shares of NASDAQ BFC traded up $0.14 during midday trading on Thursday, hitting $135.82. The stock had a trading volume of 66,073 shares, compared to its average volume of 52,605. The company 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 quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.02. Bank First National has a 1-year low of $93.00 and a 1-year high of $139.71. The company has a fifty day moving average price of $127.28 and a 200 day moving average price of $125.99.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Piper Sandler boosted their price target on Bank First National from $137.00 to $142.00 and gave the company a “neutral” rating in a research report on Thursday, October 23rd. Hovde Group boosted their price objective on shares of Bank First National from $145.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bank First National in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $146.00.

Hedge Funds Weigh In On Bank First National

A number of hedge funds have recently bought and sold shares of BFC. Dimensional Fund Advisors LP raised its holdings in Bank First National by 41.7% during the third quarter. Dimensional Fund Advisors LP now owns 107,025 shares of the company’s stock worth $12,983,000 after purchasing an additional 31,510 shares in the last quarter. Creative Planning increased its position in shares of Bank First National by 8.7% in the third quarter. Creative Planning now owns 62,123 shares of the company’s stock worth $7,536,000 after acquiring an additional 4,961 shares in the last quarter. Jane Street Group LLC raised its stake in Bank First National by 212.7% during the 2nd quarter. Jane Street Group LLC now owns 34,276 shares of the company’s stock valued at $4,033,000 after purchasing an additional 23,314 shares during the period. UBS Group AG lifted its stake in Bank First National by 211.8% in the 3rd quarter. UBS Group AG now owns 33,275 shares of the company’s stock worth $4,037,000 after acquiring an additional 22,604 shares in the last quarter. Finally, First Trust Advisors LP grew its position in Bank First National by 393.6% during the third quarter. First Trust Advisors LP now owns 31,406 shares of the company’s stock valued at $3,810,000 after purchasing an additional 25,043 shares in the last quarter. 29.95% of the stock is currently owned by institutional investors and hedge funds.

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.