Bank First (NASDAQ:BFC) Releases Earnings Results, Beats Expectations By $0.11 EPS

Bank First (NASDAQ:BFC) posted its quarterly earnings data on Tuesday. The company reported $1.65 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.11, Yahoo Finance reports. Bank First had a return on equity of 10.07% and a net margin of 32.18%. The company had revenue of $58.93 million for the quarter, compared to the consensus estimate of $39.60 million.

Bank First Stock Up 3.1 %

Shares of Bank First stock opened at $94.07 on Thursday. The stock’s fifty day moving average is $89.16 and its 200-day moving average is $84.98. The firm has a market capitalization of $948.32 million, a PE ratio of 12.22 and a beta of 0.30. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.02. Bank First has a 12-month low of $70.00 and a 12-month high of $96.00.

Bank First Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Monday, December 23rd will be given a dividend of $0.45 per share. The ex-dividend date is Monday, December 23rd. This is a positive change from Bank First’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.91%. Bank First’s payout ratio is 20.78%.

Analyst Ratings Changes

Separately, Piper Sandler boosted their price objective on Bank First from $84.00 to $99.00 and gave the stock a “neutral” rating in a research note on Thursday, July 18th.

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.