Stephen E. Johnson, a director at Bank First Corp (NASDAQ:BFC), recently sold 2,400 shares of the company’s common stock. The shares were sold at a price of $106.28 each, resulting in a total transaction value of $255,072. Following this sale, Johnson retains direct ownership of 26,763 shares. Additionally, he holds 2,912 shares indirectly as a custodian under the Wisconsin Uniform Transfers to Minors Act.
In other recent news, Bank First National (NASDAQ:BFC) Corp. demonstrated commendable performance in the third quarter, with a 4% pre-provision net revenue beat, core net interest margin expansion, and steady mid-single-digit loan growth. Piper Sandler, an analyst firm, maintained its Neutral rating on the bank and adjusted the price target to $104 from $99, based on the strong financial performance. The firm also projected that the bank will maintain above-average profitability with returns on assets and returns on tangible common equity at 1.6% and 15.6%, respectively.
In addition, Bank First National Corp. is expected to boost its profitability and earnings per share growth through potential mergers and acquisitions, leveraging its premium currency, increased capital flexibility, and management's proactive strategy. The bank's valuation currently stands at 2.2 times tangible book value and 15.0 times the firm's estimated 2025 earnings. Piper Sandler raised the 2024 and 2025 operating EPS forecasts by 4% and 8% to $6.35 and $6.70, respectively.
Furthermore, Bank First Corporation recently released its quarterly shareholder newsletter, providing updates on the company's operations and performance. This aligns with Bank First's commitment to maintaining transparent and regular communication with its investors. These are the recent developments surrounding Bank First National Corp.
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