Bank First (BFC) Scheduled to Post Quarterly Earnings on Tuesday

Bank First (NASDAQ:BFC) will be announcing its earnings results on Tuesday, April 16th.

Bank First (NASDAQ:BFC) last released its earnings results on Tuesday, January 16th. The company reported $1.44 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.03. Bank First had a net margin of 31.03% and a return on equity of 10.16%. The business had revenue of $75.37 million for the quarter. On average, analysts expect Bank First to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Bank First Trading Down 1.3 %

Bank First stock opened at $79.43 on Monday. The company has a 50 day moving average price of $83.64 and a 200 day moving average price of $83.45. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.00 and a current ratio of 1.00. Bank First has a 52 week low of $65.00 and a 52 week high of $92.50. The firm has a market capitalization of $805.42 million, a price-to-earnings ratio of 10.91 and a beta of 0.27.

Bank First Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Wednesday, March 27th were paid a $0.35 dividend. This is an increase from Bank First’s previous quarterly dividend of $0.30. This represents a $1.40 annualized dividend and a yield of 1.76%. The ex-dividend date of this dividend was Tuesday, March 26th. Bank First’s dividend payout ratio is currently 19.23%.

Insider Buying and Selling

In other news, Director Mary Kay Bourbulas bought 600 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were acquired at an average cost of $82.88 per share, for a total transaction of $49,728.00. Following the purchase, the director now owns 7,003 shares of the company’s stock, valued at approximately $580,408.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Phillip R. Maples acquired 650 shares of the stock in a transaction dated Tuesday, February 6th. The shares were acquired at an average price of $81.72 per share, for a total transaction of $53,118.00. Following the completion of the purchase, the director now owns 1,983 shares in the company, valued at approximately $162,050.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mary Kay Bourbulas bought 600 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were bought at an average price of $82.88 per share, with a total value of $49,728.00. Following the completion of the purchase, the director now owns 7,003 shares in the company, valued at $580,408.64. The disclosure for this purchase can be found here. 5.73% of the stock is currently owned by corporate insiders.

Institutional Trading of Bank First

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Moneta Group Investment Advisors LLC lifted its stake in shares of Bank First by 85,912.7% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 6,016,591 shares of the company’s stock valued at $558,460,000 after buying an additional 6,009,596 shares during the period. BlackRock Inc. raised its holdings in Bank First by 18.7% in the 2nd quarter. BlackRock Inc. now owns 644,043 shares of the company’s stock valued at $53,584,000 after acquiring an additional 101,415 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Bank First by 28.8% in the 3rd quarter. Vanguard Group Inc. now owns 408,408 shares of the company’s stock worth $31,235,000 after acquiring an additional 91,207 shares during the period. State Street Corp increased its position in shares of Bank First by 11.9% during the second quarter. State Street Corp now owns 189,625 shares of the company’s stock valued at $15,828,000 after purchasing an additional 20,159 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Bank First by 24.9% in the second quarter. Geode Capital Management LLC now owns 178,201 shares of the company’s stock valued at $14,826,000 after purchasing an additional 35,502 shares in the last quarter. 29.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Piper Sandler boosted their price objective on shares of Bank First from $88.00 to $93.00 and gave the company a “neutral” rating in a research report on Thursday, January 18th. Hovde Group downgraded shares of Bank First from an “outperform” rating to a “market perform” rating in a research note on Monday, March 4th.

About Bank First

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.