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

Bank First National (NASDAQ:BFC) issued its quarterly earnings results on Tuesday. The company reported $2.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.60 by ($0.25), FiscalAI reports. Bank First National had a net margin of 27.70% and a return on equity of 12.48%. The business had revenue of $75.44 million for the quarter, compared to analysts’ expectations of $65.80 million.

Bank First National Price Performance

NASDAQ:BFC traded up $2.33 during trading hours on Tuesday, reaching $148.34. The stock had a trading volume of 60,167 shares, compared to its average volume of 86,561. The company has a 50 day moving average price of $151.89 and a two-hundred day moving average price of $147.43. Bank First National has a 52 week low of $119.08 and a 52 week high of $159.10. The stock has a market capitalization of $1.65 billion, a PE ratio of 19.29 and a beta of 0.42. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.93 and a current ratio of 0.93.

Insider Transactions at Bank First National

In other news, Director Sistine Peter J. Van sold 1,848 shares of the firm’s stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $155.57, for a total value of $287,493.36. Following the completion of the sale, the director directly owned 7,640 shares of the company’s stock, valued at $1,188,554.80. This trade represents a 19.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.97% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on BFC shares. Piper Sandler upped their price target on Bank First National from $157.00 to $161.00 and gave the company a “neutral” rating in a report on Thursday, July 23rd. Zacks Research cut shares of Bank First National from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 14th. Finally, Weiss Ratings upgraded Bank First National from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $163.00.

About Bank First National

Bank First Corporation is a Wisconsin-based bank holding company that operates through its subsidiary, Bank First. Headquartered in Manitowoc, Wisconsin, the institution provides banking services to individuals, families, businesses and municipal customers throughout eastern Wisconsin.

Bank First offers deposit accounts, consumer and business loans, mortgage lending, cash-management and treasury services, online and mobile banking, credit and debit cards, and other personal and commercial banking products.