Bank First (NASDAQ:BFC) Price Target Cut to $87.00 by Analysts at Piper Sandler

Bank First (NASDAQ:BFC) had its price target decreased by equities researchers at Piper Sandler from $90.00 to $87.00 in a report released on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Piper Sandler’s target price points to a potential upside of 13.58% from the stock’s previous close.

Separately, Hovde Group downgraded shares of Bank First from an “outperform” rating to a “market perform” rating in a research note on Monday, March 4th.

Bank First Trading Up 0.4 %

Shares of NASDAQ BFC traded up $0.32 on Thursday, reaching $76.60. 1,259 shares of the company traded hands, compared to its average volume of 18,852. Bank First has a fifty-two week low of $65.00 and a fifty-two week high of $92.50. The company has a 50 day moving average of $83.37 and a 200 day moving average of $83.42. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $776.72 million, a PE ratio of 9.94 and a beta of 0.27.

Bank First (NASDAQ:BFC) last posted its quarterly earnings data on Tuesday, January 16th. The company reported $1.44 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.03. Bank First had a net margin of 32.08% and a return on equity of 10.16%. The company had revenue of $75.37 million during the quarter. On average, equities research analysts forecast that Bank First will post 5.9 earnings per share for the current fiscal year.

Insider Buying and Selling

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

Institutional Trading of Bank First

Large investors have recently bought and sold shares of the company. West Tower Group LLC acquired a new stake in Bank First in the fourth quarter valued at approximately $39,000. Ensign Peak Advisors Inc acquired a new stake in shares of Bank First during the third quarter worth approximately $37,000. FMR LLC grew its position in shares of Bank First by 145.2% during the third quarter. FMR LLC now owns 532 shares of the company’s stock worth $41,000 after buying an additional 315 shares in the last quarter. Tower Research Capital LLC TRC grew its position in shares of Bank First by 26.8% during the third quarter. Tower Research Capital LLC TRC now owns 677 shares of the company’s stock worth $52,000 after buying an additional 143 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of Bank First during the third quarter worth approximately $57,000. Institutional investors and hedge funds own 29.95% 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.