Bank First National (NASDAQ:BFC) Posts Quarterly Earnings Results

Bank First National (NASDAQ:BFC) announced its quarterly earnings results on Tuesday. The company reported $2.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.28 by $0.17, FiscalAI reports. Bank First National had a return on equity of 11.89% and a net margin of 27.49%.

Bank First National Price Performance

NASDAQ BFC opened at $145.60 on Wednesday. The stock has a market capitalization of $1.63 billion, a P/E ratio of 20.25 and a beta of 0.41. Bank First National has a 1 year low of $115.29 and a 1 year high of $154.29. The business’s fifty day moving average is $144.48 and its two-hundred day moving average is $140.31. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.94 and a current ratio of 0.94.

Institutional Investors Weigh In On Bank First National

Large investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. raised its position in shares of Bank First National by 920.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 204 shares of the company’s stock worth $25,000 after purchasing an additional 184 shares during the period. Royal Bank of Canada boosted its position in shares of Bank First National by 95.5% in the 4th quarter. Royal Bank of Canada now owns 305 shares of the company’s stock valued at $36,000 after purchasing an additional 149 shares during the period. Russell Investments Group Ltd. acquired a new position in shares of Bank First National in the 3rd quarter valued at $94,000. Kestra Advisory Services LLC purchased a new position in Bank First National in the 4th quarter worth about $98,000. Finally, BNP Paribas Financial Markets increased its stake in 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 purchasing an additional 150 shares in the last quarter. 29.95% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Piper Sandler upped their price objective on shares of 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 raised their target price on shares of Bank First National from $160.00 to $165.00 and gave the company an “outperform” rating in a research note on Thursday, May 21st. Weiss Ratings downgraded Bank First National from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Thursday, June 4th. Wall Street Zen raised Bank First National from a “strong sell” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Zacks Research upgraded Bank First National from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 18th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Bank First National has a consensus rating of “Moderate Buy” and a consensus price target of $161.00.

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.