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

Bank First National (NASDAQ:BFC - Get Free Report) issued its quarterly earnings data on Thursday. The company reported $2.24 earnings per share for the quarter, missing the consensus estimate of $2.40 by ($0.16), FiscalAI reports. The company had revenue of $71.53 million for the quarter, compared to the consensus estimate of $65.70 million. Bank First National had a net margin of 27.49% and a return on equity of 12.79%. During the same quarter last year, the business posted $1.82 earnings per share.

Bank First National Stock Down 1.3%

Bank First National stock opened at $140.87 on Friday. The firm has a 50 day moving average price of $139.00 and a 200-day moving average price of $132.42. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.02. Bank First National has a twelve month low of $105.24 and a twelve month high of $152.99. The company has a market capitalization of $1.58 billion, a P/E ratio of 19.59 and a beta of 0.40.

Bank First National Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Stockholders of record on Wednesday, June 24th will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Wednesday, June 24th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.6%. This is an increase from Bank First National's previous quarterly dividend of $0.50. Bank First National's payout ratio is currently 27.66%.

Insider Activity at Bank First National

In other Bank First National news, Director Steven M. Eldred sold 8,000 shares of the stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $151.95, for a total transaction of $1,215,600.00. Following the completion of the transaction, the director directly owned 125,680 shares of the company's stock, valued at approximately $19,097,076. This represents a 5.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.42% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. AQR Capital Management LLC increased its holdings in Bank First National by 102.9% in the 1st quarter. AQR Capital Management LLC now owns 17,100 shares of the company's stock worth $1,723,000 after acquiring an additional 8,672 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted 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 valued at $580,000 after purchasing an additional 250 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted 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 valued at $2,100,000 after purchasing an additional 7,656 shares during the last quarter. Jane Street Group LLC boosted its position 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 purchasing an additional 7,244 shares during the period. Finally, First Trust Advisors LP boosted its position in Bank First National by 5.1% during the second quarter. First Trust Advisors LP now owns 6,363 shares of the company's stock worth $749,000 after purchasing an additional 309 shares during the period. Hedge funds and other institutional investors own 29.95% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Scotiabank upgraded shares of Bank First National to a "sector outperform" rating in a research note on Monday, January 26th. Zacks Research downgraded Bank First National from a "strong-buy" rating to a "hold" rating in a research note on Thursday, March 26th. Wall Street Zen lowered Bank First National from a "hold" rating to a "sell" rating in a report on Saturday, February 14th. Piper Sandler increased their price target on Bank First National from $142.00 to $150.00 and gave the company a "neutral" rating in a research report on Monday, January 26th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Bank First National in a research report on Wednesday, January 21st. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $150.00.

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.