Bank First National (NASDAQ:BFC) Posts Earnings Results, Misses Expectations By $0.25 EPS

Bank First National (NASDAQ:BFC) released its quarterly earnings results on Tuesday. The company reported $2.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.60 by ($0.25), FiscalAI reports. The firm had revenue of $75.44 million for the quarter, compared to analyst estimates of $65.80 million. Bank First National had a net margin of 27.70% and a return on equity of 12.48%.

Bank First National Stock Up 1.6%

BFC stock opened at $148.34 on Wednesday. Bank First National has a 12-month low of $119.08 and a 12-month high of $159.10. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.03. The company has a market cap of $1.64 billion, a price-to-earnings ratio of 19.29 and a beta of 0.42. The company has a 50 day moving average of $151.72 and a two-hundred day moving average of $147.51.

Bank First National Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 6th. Shareholders of record on Wednesday, December 23rd will be given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Wednesday, December 23rd. This is a positive change from Bank First National’s previous quarterly dividend of $0.60. Bank First National’s payout ratio is currently 31.21%.

Insider Activity

In other news, Director Sistine Peter J. Van sold 1,848 shares of the business’s stock in a transaction on Friday, September 11th. The shares were sold at an average price of $155.57, for a total transaction of $287,493.36. Following the transaction, the director directly owned 7,640 shares in the company, valued at $1,188,554.80. The trade was a 19.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 4.97% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on BFC shares. Piper Sandler raised their price objective on shares of Bank First National from $157.00 to $161.00 and gave the stock a “neutral” rating in a research note on Thursday, July 23rd. Weiss Ratings raised shares of Bank First National from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Friday. Finally, Zacks Research downgraded shares of Bank First National from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 14th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $163.00.

About Bank First National

Bank First National, operating as Bank First Corporation (NASDAQ:BFC), is the holding company for Bank First, a community bank headquartered in Manitowoc, Wisconsin. The bank provides banking services to individuals, families, businesses and municipalities through locations across Wisconsin.

Its products and services include checking and savings accounts, certificates of deposit, consumer loans, residential mortgages, commercial real estate and business lending, agricultural loans, treasury management and online and mobile banking.