Bank First (NASDAQ:BFC) Posts Quarterly Earnings Results, Beats Estimates By $0.13 EPS

Bank First (NASDAQ:BFC) released its quarterly earnings results on Tuesday. The company reported $1.56 EPS for the quarter, topping the consensus estimate of $1.43 by $0.13, Yahoo Finance reports. The firm had revenue of $55.22 million during the quarter, compared to analyst estimates of $38.70 million. Bank First had a return on equity of 10.13% and a net margin of 32.18%.

Bank First Trading Up 0.5 %

Shares of NASDAQ:BFC opened at $90.62 on Thursday. The business’s 50-day moving average is $81.93 and its 200 day moving average is $82.78. Bank First has a 1 year low of $70.00 and a 1 year high of $93.00. The firm has a market capitalization of $913.45 million, a P/E ratio of 11.77 and a beta of 0.32. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.99 and a quick ratio of 0.99.

Bank First Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Wednesday, September 25th will be given a dividend of $0.40 per share. This is a positive change from Bank First’s previous quarterly dividend of $0.35. This represents a $1.60 annualized dividend and a yield of 1.77%. The ex-dividend date of this dividend is Wednesday, September 25th. Bank First’s dividend payout ratio is currently 18.18%.

Analysts Set New Price Targets

Separately, Piper Sandler boosted their price target on Bank First from $84.00 to $99.00 and gave the stock a “neutral” rating in a research report on Thursday.

About Bank First

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.