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

Bank First National (NASDAQ:BFCGet Free Report) released its quarterly earnings data on Tuesday. The company reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.28 by $0.17, FiscalAI reports. Bank First National had a net margin of 27.49% and a return on equity of 11.89%.

Bank First National Stock Performance

Shares of NASDAQ BFC traded down $0.22 during trading hours on Tuesday, hitting $145.60. 88,815 shares of the stock were exchanged, compared to its average volume of 93,552. Bank First National has a one year low of $115.29 and a one year high of $154.29. The company’s 50 day moving average is $144.46 and its 200 day moving average is $140.14. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a market capitalization of $1.62 billion, a P/E ratio of 20.25 and a beta of 0.41.

Insider Buying and Selling

In other news, Director Todd A. Sprang bought 450 shares of the business’s stock in a transaction on Wednesday, April 22nd. The stock was purchased at an average price of $138.96 per share, with a total value of $62,532.00. Following the transaction, the director directly owned 2,015 shares in the company, valued at approximately $280,004.40. The trade was a 28.75% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 4.97% of the stock is owned by company insiders.

Institutional Investors Weigh In On Bank First National

Several hedge funds and other institutional investors have recently made changes to their positions in BFC. Northwestern Mutual Wealth Management Co. increased its stake in shares of Bank First National by 920.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 204 shares of the company’s stock worth $25,000 after purchasing an additional 184 shares during the period. Royal Bank of Canada boosted its stake in Bank First National by 95.5% during the 4th quarter. Royal Bank of Canada now owns 305 shares of the company’s stock valued at $36,000 after purchasing an additional 149 shares during the period. Russell Investments Group Ltd. bought a new stake in Bank First National during the 3rd quarter valued at approximately $94,000. BNP Paribas Financial Markets grew its holdings in Bank First National by 22.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 816 shares of the company’s stock valued at $96,000 after buying an additional 150 shares during the last quarter. Finally, Kestra Advisory Services LLC acquired a new stake in Bank First National in the 4th quarter valued at approximately $98,000. 29.95% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BFC has been the topic of several analyst reports. Wall Street Zen raised shares of Bank First National from a “strong sell” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings cut Bank First National from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Thursday, June 4th. Piper Sandler upped their price target on Bank First National from $150.00 to $157.00 and gave the stock a “neutral” rating in a research note on Monday, April 20th. Hovde Group increased their price objective on Bank First National from $160.00 to $165.00 and gave the company an “outperform” rating in a report on Thursday, May 21st. Finally, Zacks Research raised Bank First National from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 18th. Three research 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 stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $161.00.

Read Our Latest Analysis on BFC

Bank First National Company Profile

(Get Free Report)

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.

Further Reading

Earnings History for Bank First National (NASDAQ:BFC)

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