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

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

Bank First National Trading Up 0.6%

BFC stock traded up $0.76 during mid-day trading on Thursday, reaching $136.44. 51,157 shares of the stock traded hands, compared to its average volume of 50,964. Bank First National has a one year low of $93.00 and a one year high of $139.71. The stock has a market capitalization of $1.34 billion, a PE ratio of 19.19 and a beta of 0.42. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.99 and a current ratio of 0.99. The business has a 50-day moving average price of $127.28 and a two-hundred day moving average price of $125.99.

Hedge Funds Weigh In On Bank First National

Hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its position in shares of Bank First National by 41.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 107,025 shares of the company’s stock worth $12,983,000 after buying an additional 31,510 shares in the last quarter. First Trust Advisors LP lifted its position in Bank First National by 393.6% during the third quarter. First Trust Advisors LP now owns 31,406 shares of the company’s stock valued at $3,810,000 after acquiring an additional 25,043 shares during the last quarter. Jane Street Group LLC lifted its holdings in shares of Bank First National by 212.7% during the 2nd quarter. Jane Street Group LLC now owns 34,276 shares of the company’s stock valued at $4,033,000 after purchasing an additional 23,314 shares during the last quarter. UBS Group AG grew its stake in Bank First National by 211.8% during the 3rd quarter. UBS Group AG now owns 33,275 shares of the company’s stock worth $4,037,000 after buying an additional 22,604 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings in Bank First National by 272.0% in the third quarter. Bank of America Corp DE now owns 30,707 shares of the company’s stock worth $3,725,000 after acquiring an additional 22,452 shares in the last quarter. 29.95% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on BFC. Piper Sandler raised their price objective on Bank First National from $137.00 to $142.00 and gave the company a “neutral” rating in a research report on Thursday, October 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Bank First National in a research report on Wednesday, October 8th. Finally, Hovde Group upped their price target 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, October 22nd. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $146.00.

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.