Bank First (NASDAQ:BFC) Announces Earnings Results

Bank First (NASDAQ:BFCGet Rating) issued its earnings results on Tuesday. The company reported $1.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.39 by ($0.05), MarketWatch Earnings reports. Bank First had a net margin of 37.28% and a return on equity of 14.51%.

Shares of NASDAQ:BFC opened at $72.04 on Wednesday. Bank First has a 12-month low of $66.64 and a 12-month high of $73.98. The firm has a fifty day moving average of $71.14. The stock has a market cap of $546.42 million, a P/E ratio of 12.19 and a beta of 0.36. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.97 and a quick ratio of 0.97.

Separately, Zacks Investment Research upgraded Bank First from a “hold” rating to a “buy” rating and set a $82.00 price target on the stock in a report on Wednesday, March 30th.

Several large investors have recently made changes to their positions in BFC. UBS Group AG grew its stake in Bank First by 698.0% during the 3rd quarter. UBS Group AG now owns 391 shares of the company’s stock worth $28,000 after buying an additional 342 shares during the last quarter. Citigroup Inc. grew its stake in Bank First by 98.1% during the 4th quarter. Citigroup Inc. now owns 1,763 shares of the company’s stock worth $127,000 after buying an additional 873 shares during the last quarter. BNP Paribas Arbitrage SA grew its stake in Bank First by 96.7% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 1,849 shares of the company’s stock worth $131,000 after buying an additional 909 shares during the last quarter. Royal Bank of Canada grew its stake in Bank First by 9.9% during the 3rd quarter. Royal Bank of Canada now owns 2,372 shares of the company’s stock worth $168,000 after buying an additional 214 shares during the last quarter. Finally, Morgan Stanley grew its stake in Bank First by 26.3% during the 2nd quarter. Morgan Stanley now owns 3,710 shares of the company’s stock worth $259,000 after buying an additional 772 shares during the last quarter. Institutional investors and hedge funds own 26.14% of the company’s stock.

About Bank First (Get Rating)

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. The company offers checking, savings, money market, cash management, retirement, and health savings accounts; other time deposits; certificates of deposit; and residential mortgage products.

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Earnings History for Bank First (NASDAQ:BFC)

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