Bank First (NASDAQ:BFC) Issues Quarterly Earnings Results, Beats Expectations By $0.19 EPS

Bank First (NASDAQ:BFC) posted its earnings results on Tuesday. The company reported $1.74 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.19, Zacks reports. Bank First had a return on equity of 10.10% and a net margin of 32.02%.

Bank First Stock Down 0.7 %

Shares of Bank First stock opened at $99.37 on Thursday. Bank First has a 52-week low of $74.90 and a 52-week high of $110.49. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.00 and a current ratio of 1.00. The business’s 50 day simple moving average is $102.10 and its 200 day simple moving average is $94.67. The firm has a market cap of $994.69 million, a PE ratio of 12.21 and a beta of 0.35.

Bank First Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 26th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Wednesday, March 26th. This represents a $1.80 annualized dividend and a dividend yield of 1.81%. Bank First’s dividend payout ratio is currently 22.11%.

Wall Street Analyst Weigh In

Separately, Piper Sandler increased their target price on Bank First from $99.00 to $104.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th.

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.