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

Bank First National (NASDAQ:BFC) issued its quarterly earnings data 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 business had revenue of $75.44 million during the quarter, compared to analysts’ expectations of $65.80 million. Bank First National had a return on equity of 12.89% and a net margin of 27.38%.

Bank First National Trading Down 4.2%

Shares of BFC stock opened at $142.04 on Thursday. 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 business has a 50-day moving average price of $151.42 and a two-hundred day moving average price of $147.55. Bank First National has a 12-month low of $119.08 and a 12-month high of $159.10. The firm has a market cap of $1.58 billion, a P/E ratio of 17.73 and a beta of 0.42.

Bank First National Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 6th. Shareholders of record on Wednesday, December 23rd will be paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 1.8%. This is an increase from Bank First National’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Wednesday, December 23rd. Bank First National’s dividend payout ratio is presently 31.21%.

Analyst Ratings Changes

A number of brokerages have weighed in on BFC. Weiss Ratings upgraded Bank First National from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Friday, October 16th. Piper Sandler boosted their price objective on Bank First National from $157.00 to $161.00 and gave the stock a “neutral” rating in a report on Thursday, July 23rd. 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 investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $163.00.

Insider Activity

In other news, Director Sistine Peter J. Van sold 1,848 shares of the stock in a transaction dated Friday, September 11th. The stock was 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 approximately $1,188,554.80. This represents a 19.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 4.97% of the company’s stock.

Bank First National Company Profile

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.