Bank First (NASDAQ:BFC) downgraded to “Hold” at Zacks Investment Research

Bank First (NASDAQ: BFC – Get a rating) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note released Tuesday to investors, reports.

According to Zacks, “Bank First National Corp. operates like a bank. The company offers demand, time, savings, deposits, checks, certificates of deposit, money market accounts, loan products , cash management, credit card, electronic banking, safe deposit box, insurance agency, and ATM processing. Bank First National Corp. is headquartered in Manitowoc, Wisconsin.”

The NASDAQ BFC rose $0.30 on Tuesday, hitting $72.28. 15,827 shares of the stock were traded, against an average volume of 9,082. The company has a current ratio of 1.00, a quick ratio of 1.00 and a leverage ratio of 0.06. The stock’s fifty-day simple moving average is $70.86. The company has a market capitalization of $548.24 million, a P/E ratio of 12.23 and a beta of 0.35. Bank First has a 12-month low of $66.64 and a 12-month high of $75.31.

Bank First (NASDAQ: BFC – Get a rating) last announced its quarterly results on Tuesday, January 18. The company reported earnings per share (EPS) of $1.46 for the quarter, beating the Zacks consensus estimate of $1.39 by $0.07. Bank First had a return on equity of 14.66% and a net margin of 37.28%. The company posted revenue of $28.94 million for the quarter, versus a consensus estimate of $27.70 million. Equity analysts expect Bank First to post an EPS of 5.47 for the current year.

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Hedge funds have recently changed their positions in the stock. UBS Group AG increased its stake in Bank First by 698.0% during the third quarter. UBS Group AG now owns 391 shares of the company valued at $28,000 after buying an additional 342 shares in the last quarter. Citigroup Inc. increased its stake in Bank First to 99.1% during the third quarter. Citigroup Inc. now owns 890 shares of the company valued at $63,000 after buying 443 additional shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in Bank First during Q4, valued at approximately $72,000. Metropolitan Life Insurance Co NY increased its stake in Bank First by 93,950.0% during the 2nd quarter. Metropolitan Life Insurance Co NY now owns 1,881 shares of the company valued at $131,000 after purchasing an additional 1,879 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its stake in Bank First by 96.7% during the third quarter. BNP Paribas Arbitrage SA now owns 1,849 shares in the company valued at $131,000 after purchasing an additional 909 shares in the last quarter. Hedge funds and other institutional investors own 26.14% of the company’s shares.

Bank First Company Profile (Get a rating)

Bank First Corp. is a bank holding company that provides financial products and services to individuals and businesses. It offers checking accounts, savings accounts, money market accounts, cash management accounts, certificates of deposit, commercial and industrial loans, commercial real estate loans, construction and development loans, residential mortgages, consumer loans, credit cards, online banking, telephone banking, and mobile banking.

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