Bank First National (NASDAQ:BFC) Releases Earnings Results

Bank First National (NASDAQ:BFC) issued its earnings results on Tuesday. The company reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.81 by $0.10, Zacks reports. The company had revenue of $44.21 million during the quarter, compared to analyst estimates of $44.15 million. Bank First National had a net margin of 29.34% and a return on equity of 11.25%.

Bank First National Stock Performance

Shares of BFC opened at $132.19 on Thursday. The company has a market capitalization of $195.64 million, a PE ratio of 18.59 and a beta of 0.39. Bank First National has a one year low of $90.01 and a one year high of $135.72. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.99 and a quick ratio of 0.99. The company’s fifty day moving average price is $126.93 and its 200 day moving average price is $119.28.

Bank First National Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Wednesday, December 24th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.4%. The ex-dividend date is Wednesday, December 24th. Bank First National’s dividend payout ratio (DPR) is 25.32%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on BFC shares. Wall Street Zen lowered shares of Bank First National from a “hold” rating to a “sell” rating in a research note on Saturday, July 26th. Weiss Ratings reissued a “buy (b)” rating on shares of Bank First National in a research note on Wednesday, October 8th. Piper Sandler lifted their target price on shares of Bank First National from $115.00 to $137.00 and gave the company a “neutral” rating in a research note on Monday, July 21st. 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 research note on Wednesday. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Bank First National presently has an average rating of “Moderate Buy” and an average target price of $143.50.

Insider Activity

In related news, Director Michael S. Stayer-Suprick acquired 410 shares of the company’s stock in a transaction dated Tuesday, August 19th. The shares were bought at an average price of $122.67 per share, for a total transaction of $50,294.70. Following the acquisition, the director owned 3,965 shares in the company, valued at $486,386.55. This trade represents a 11.53% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.42% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets increased its holdings in shares of Bank First National by 22.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 816 shares of the company’s stock worth $96,000 after purchasing an additional 150 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of Bank First National by 118.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,129 shares of the company’s stock worth $133,000 after purchasing an additional 612 shares during the period. Brevan Howard Capital Management LP bought a new position in shares of Bank First National during the 2nd quarter worth about $274,000. CANADA LIFE ASSURANCE Co increased its holdings in shares of Bank First National by 7.0% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 5,564 shares of the company’s stock worth $656,000 after purchasing an additional 362 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Bank First National by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,756 shares of the company’s stock worth $580,000 after purchasing an additional 250 shares during the period. Institutional investors own 29.95% of the company’s stock.

About Bank First National

Bank First Corporation operates as a holding company for Bank First, N.A. that provides consumer and commercial financial services to businesses, professionals, consumers, associations, individuals, and governmental authorities in Wisconsin. It offers checking, savings, money market, cash management, retirement, and health savings accounts; other time deposits; certificates of deposit; and residential mortgage products.