Bank First National (NASDAQ:BFC) Releases Quarterly Earnings Results, Misses Estimates By $0.09 EPS

Bank First National (NASDAQ:BFC - Get Free Report) announced its earnings results on Friday. The company reported $1.71 earnings per share for the quarter, missing the consensus estimate of $1.80 by ($0.09), Zacks reports. Bank First National had a return on equity of 10.73% and a net margin of 29.22%. The business had revenue of $41.60 million for the quarter, compared to analysts' expectations of $43.85 million.

Bank First National Price Performance

Bank First National stock traded up $0.39 during mid-day trading on Friday, hitting $126.17. 191,771 shares of the company were exchanged, compared to its average volume of 42,460. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.02. The business has a fifty day moving average of $117.10 and a 200 day moving average of $107.78. Bank First National has a 1-year low of $82.50 and a 1-year high of $127.95. The company has a market capitalization of $1.25 billion, a PE ratio of 18.21 and a beta of 0.39.

Bank First National Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 8th. Stockholders of record on Wednesday, September 24th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.43%. Bank First National's dividend payout ratio is 25.97%.

Institutional Trading of Bank First National

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Bank First National by 58.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 20,843 shares of the company's stock worth $2,100,000 after buying an additional 7,656 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Bank First National by 102.9% during the first quarter. AQR Capital Management LLC now owns 17,100 shares of the company's stock worth $1,723,000 after buying an additional 8,672 shares during the last quarter. Jane Street Group LLC boosted its holdings in Bank First National by 194.8% during the first quarter. Jane Street Group LLC now owns 10,962 shares of the company's stock worth $1,104,000 after buying an additional 7,244 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Bank First National by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,756 shares of the company's stock worth $580,000 after buying an additional 250 shares during the last quarter. 29.95% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have issued reports on BFC. Piper Sandler raised their price target on shares of Bank First National from $110.00 to $111.00 and gave the stock a "neutral" rating in a research note on Thursday, April 17th. Hovde Group raised shares of Bank First National from a "market perform" rating to an "outperform" rating and set a $130.00 price target on the stock in a research report on Tuesday, May 6th.

About Bank First National

Bank First Corporation operates as a holding company for Bank First, N.A. that provides consumer and commercial financial services to businesses, professionals, consumers, associations, individuals, and governmental authorities in Wisconsin. It offers checking, savings, money market, cash management, retirement, and health savings accounts; other time deposits; certificates of deposit; and residential mortgage products.