Bank First (NASDAQ:BFC) Stock Rating Upgraded by Piper Sandler

Bank First (NASDAQ:BFC – Get Rating) was upgraded by Piper Sandler from a “neutral” rating to an “overweight” rating in a research report issued on Thursday, MarketBeat Ratings reports. The brokerage presently has a $84.00 target price on the stock. Piper Sandler’s price objective indicates a potential upside of 18.46% from the company’s previous close.

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

Shares of BFC stock traded down $1.27 during trading on Thursday, hitting $70.91. 10,391 shares of the stock traded hands, compared to its average volume of 9,476. The company has a market capitalization of $537.85 million, a price-to-earnings ratio of 12.50 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. Bank First has a 52-week low of $66.64 and a 52-week high of $74.77. The firm’s fifty day moving average price is $71.29.

Bank First (NASDAQ:BFC – Get Rating) last announced its earnings results on Tuesday, April 19th. The company reported $1.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.03). The firm had revenue of $27.52 million during the quarter, compared to analysts’ expectations of $27.60 million. Bank First had a net margin of 36.55% and a return on equity of 13.94%. On average, equities analysts forecast that Bank First will post 6.08 earnings per share for the current year.

Several institutional investors have recently bought and sold shares of BFC. Martingale Asset Management L P purchased a new stake in shares of Bank First during the third quarter worth $455,000. Nuveen Asset Management LLC grew its stake in shares of Bank First by 21.4% during the fourth quarter. Nuveen Asset Management LLC now owns 31,921 shares of the company’s stock worth $2,306,000 after purchasing an additional 5,628 shares in the last quarter. Barclays PLC grew its stake in shares of Bank First by 193.0% during the fourth quarter. Barclays PLC now owns 8,005 shares of the company’s stock worth $578,000 after purchasing an additional 5,273 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Bank First by 82.1% during the fourth quarter. JPMorgan Chase & Co. now owns 10,892 shares of the company’s stock worth $786,000 after purchasing an additional 4,912 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of Bank First during the first quarter worth $272,000. 26.14% of the stock is currently owned by institutional investors and hedge funds.

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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