Bank First (NASDAQ:BFC) Issues Quarterly Earnings Results

Bank First (NASDAQ:BFC - Get Free Report) released its quarterly earnings results on Tuesday. The company reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.20, Zacks reports. The business had revenue of $43.10 million during the quarter, compared to analysts' expectations of $41.80 million. Bank First had a return on equity of 10.53% and a net margin of 29.00%.

Bank First Trading Up 0.0 %

Shares of NASDAQ:BFC traded up $0.03 during trading hours on Friday, hitting $106.30. 27,371 shares of the company's stock traded hands, compared to its average volume of 20,799. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.00 and a quick ratio of 1.00. The business has a fifty day moving average price of $101.78 and a 200-day moving average price of $100.33. Bank First has a 1 year low of $76.75 and a 1 year high of $110.49. The firm has a market capitalization of $1.06 billion, a P/E ratio of 16.35 and a beta of 0.31.

Bank First Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 25th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend is Wednesday, June 25th. Bank First's payout ratio is currently 26.43%.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler lifted their price objective on shares of Bank First from $110.00 to $111.00 and gave the stock a "neutral" rating in a research note on Thursday.

Insider Transactions at Bank First

In related news, Director Daniel C. Mcconeghy bought 380 shares of Bank First stock in a transaction dated Tuesday, March 4th. The shares were acquired at an average cost of $105.72 per share, with a total value of $40,173.60. Following the completion of the transaction, the director now owns 2,000 shares in the company, valued at $211,440. The trade was a 23.46 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael S. Stayer-Suprick acquired 1,000 shares of Bank First stock in a transaction on Wednesday, February 19th. The shares were purchased at an average price of $102.07 per share, for a total transaction of $102,070.00. Following the completion of the acquisition, the director now directly owns 3,035 shares in the company, valued at $309,782.45. This trade represents a 49.14 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 4.10% of the company's stock.

Bank First Company Profile

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.