Bank First (NASDAQ:BFC) Issues Quarterly Earnings Results, Beats Estimates By $0.16 EPS

Bank First (NASDAQ:BFC) announced its earnings results on Monday. The company reported $1.49 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.16, MarketWatch Earnings reports. Bank First had a return on equity of 13.19% and a net margin of 28.94%.

BFC traded up $1.08 on Wednesday, reaching $69.00. 314 shares of the stock were exchanged, compared to its average volume of 19,075. The company’s 50-day moving average price is $67.50 and its 200 day moving average price is $66.06. Bank First has a fifty-two week low of $43.63 and a fifty-two week high of $71.61. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.97 and a quick ratio of 0.97. The firm has a market capitalization of $533.37 million, a PE ratio of 15.03 and a beta of 0.38.

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 6th. Shareholders of record on Wednesday, December 23rd were given a dividend of $0.21 per share. The ex-dividend date was Tuesday, December 22nd. This represents a $0.84 dividend on an annualized basis and a yield of 1.22%. This is a boost from Bank First’s previous quarterly dividend of $0.20. Bank First’s payout ratio is currently 21.71%.

Several research analysts recently weighed in on the company. Zacks Investment Research downgraded Bank First from a “buy” rating to a “hold” rating in a research note on Tuesday, December 22nd. Piper Sandler dropped their target price on Bank First from $64.00 to $60.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 29th.

In other Bank First news, Director Robert W. Holmes sold 20,578 shares of Bank First stock in a transaction dated Thursday, November 5th. The stock was sold at an average price of $62.33, for a total transaction of $1,282,626.74. Insiders own 5.65% of the company’s stock.

About Bank First

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

See Also: Why does a company issue an IPO?

Earnings History for Bank First (NASDAQ:BFC)

Receive News & Ratings for Bank First Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank First and related companies with MarketBeat.com's FREE daily email newsletter.