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

Bank First National (NASDAQ:BFC) issued its quarterly earnings data on Tuesday. The company reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.25, FiscalAI reports. Bank First National had a net margin of 29.34% and a return on equity of 11.28%. The firm had revenue of $49.68 million during the quarter, compared to analysts’ expectations of $43.75 million.

Bank First National Stock Up 0.1%

NASDAQ BFC traded up $0.14 during mid-day trading on Thursday, reaching $135.82. The stock had a trading volume of 66,073 shares, compared to its average volume of 52,605. The company has a fifty day moving average price of $127.28 and a 200 day moving average price of $125.99. 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 National has a 1 year low of $93.00 and a 1 year high of $139.71. The stock has a market cap of $1.34 billion, a PE ratio of 19.10 and a beta of 0.42.

Institutional Investors Weigh In On Bank First National

Hedge funds and other institutional investors have recently made changes to their positions in the business. Russell Investments Group Ltd. bought a new position in Bank First National in the 3rd quarter valued at $94,000. BNP Paribas Financial Markets boosted its stake in shares of Bank First National by 22.5% during the second quarter. BNP Paribas Financial Markets now owns 816 shares of the company’s stock valued at $96,000 after purchasing an additional 150 shares during the period. Tower Research Capital LLC TRC boosted its stake in shares of Bank First National by 118.4% during the second quarter. Tower Research Capital LLC TRC now owns 1,129 shares of the company’s stock valued at $133,000 after purchasing an additional 612 shares during the period. Caxton Associates LLP purchased a new position in Bank First National in the 3rd quarter worth about $241,000. Finally, Virtu Financial LLC bought a new stake in Bank First National during the 3rd quarter valued at about $267,000. Hedge funds and other institutional investors own 29.95% of the company’s stock.

Analysts Set New Price Targets

BFC has been the subject of several recent research reports. Hovde Group boosted their price target on shares of Bank First National from $145.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 22nd. Piper Sandler increased their target price on Bank First National from $137.00 to $142.00 and gave the company a “neutral” rating in a report on Thursday, October 23rd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Bank First National in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Bank First National has an average rating of “Moderate Buy” and an average target price of $146.00.

About Bank First National

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.