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

Bank First National (NASDAQ:BFC) announced its quarterly earnings data on Tuesday. The company reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.28 by $0.17, FiscalAI reports. Bank First National had a net margin of 27.70% and a return on equity of 13.02%. The business had revenue of $75.04 million for the quarter, compared to analyst estimates of $64.40 million.

Bank First National Price Performance

Shares of NASDAQ:BFC opened at $146.37 on Thursday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.03. The stock has a market cap of $1.63 billion, a PE ratio of 19.03 and a beta of 0.41. The stock’s fifty day simple moving average is $144.54 and its two-hundred day simple moving average is $140.49. Bank First National has a 1-year low of $115.29 and a 1-year high of $154.29.

Bank First National Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 23rd will be paid a dividend of $0.60 per share. This is a boost from Bank First National’s previous quarterly dividend of $0.55. The ex-dividend date is Wednesday, September 23rd. This represents a $2.40 annualized dividend and a yield of 1.6%. Bank First National’s dividend payout ratio (DPR) is 30.60%.

Institutional Trading of Bank First National

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

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on BFC shares. Wall Street Zen raised Bank First National from a “strong sell” rating to a “hold” rating in a research report on Saturday, May 16th. Piper Sandler lifted their price target on Bank First National from $150.00 to $157.00 and gave the stock a “neutral” rating in a report on Monday, April 20th. Hovde Group lifted their target price on Bank First National from $160.00 to $165.00 and gave the stock an “outperform” rating in a research note on Thursday, May 21st. Weiss Ratings lowered shares of Bank First National from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Thursday, June 4th. Finally, Zacks Research raised shares of Bank First National from a “strong sell” rating to a “hold” rating in a report on Thursday, June 18th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $161.00.

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.