Exceptional revenue growth of 49% year-over-year, best-in-class margins for its industry peer group, and strong price momentum with a golden cross and all moving averages aligned combine to form a compelling fundamental and technical picture; however, the price has closed to within 0.7% of the near-term resistance target with an unfavorable risk/reward, and the most recent quarter was a miss, leaving little room for error at the current entry point.
Thesis pillars
- Price At Resistance Limited Upside→Stable
- Exceptional Revenue Growth Trajectory→Stable
- Strong Technical Momentum Golden Cross→Stable
- +1 more pillar — see the Why tab for full reasoning
Bank First Corporation (BFC) Stock Analysis
Breakout setup · Inst Constrain edge
Financial Services · Banks - Regional
Sell if holding. Analyst target reached at $151.80 — A.R:R is negative (-1.0) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Concentration risk — Loan Portfolio: real estate loans (74.1%).
Bank First Corporation is the Wisconsin-based holding company for Bank First, N.A., a national bank operating 38 offices across 18 Wisconsin counties and one Illinois county, regulated by the OCC. The bank reported $4.51 billion in total assets, $3.60 billion in total loans, and... Read more
Sell if holding. Analyst target reached at $151.80 — A.R:R is negative (-1.0) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Concentration risk — Loan Portfolio: real estate loans (74.1%). Chart setup: Golden cross, above all MAs, RSI 67, MACD bullish. Score 6.5/10, moderate confidence.
Passes 6/8 gates (positive momentum, clean insider activity, news events none recent, earnings proximity 18d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: aggressive.
Recent developments
updated 2026-07-06Recent Developments — Bank First Corporation
Latest news
- NEWS Bank First Enters Merger Agreement To Buy PSB Holdings; Each Outstanding Share Of PSB Common Stock Will Be Converted Int — benzinga May 19, 2026 positive
- NEWS Piper Sandler Maintains Neutral on Bank First, Raises Price Target to $157 — benzinga Apr 20, 2026 positive
- NEWS Bank First Q1 Adj. EPS $2.24 Beats $2.19 Estimate, Sales $63.700M Miss $66.500M Estimate — benzinga Apr 16, 2026 neutral
Generated 2026-07-06T05:40:26Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Concentration Risks(10-K Item 1A)
- HIGHloan_portfolioreal estate loans74%10-K Item 1: 'loans secured by real estate made up approximately $2.67 billion, or 74.1%, of our loan portfolio'
- MEDIUMloan_portfoliocommercial real estate loans49%10-K Item 1: 'commercial real estate loans made up approximately $1.78 billion or 49.3% of our loan portfolio'
- MEDIUMGeographicWisconsin and Illinois10-K Item 1A: 'a significant majority of our loans and deposits are made to borrowers or received from depositors who live and/or primarily conduct business in Wisconsin and Illinois'
- MEDIUMregulatoryOCC10-K Item 1: 'the Bank is a member of the Board of Governors of the Federal Reserve System (the “Federal Reserve”) and regulated by the Office of the Comptroller of the Currency (the “OCC”)'
Material Events(8-K, last 90d)
- 2026-06-23Item 5.02LOWBank First Corporation elected three new directors — SriRaj Kantamneni, Tracy C. Pearson, and William J. Ring — to three-year terms effective June 16, 2026. Routine board expansion; no departure involved.SEC filing →
- 2026-06-18Item 5.02LOWEffective June 15, 2026, director Stephen E. Johnson retired from the Board; new directors Steven M. Eldred and Todd A. Sprang were elected, and incumbent director Timothy J. McFarlane was re-elected to a second term. Routine board change; no reason cited for Johnson's retirement.SEC filing →
- 2026-06-18Item 5.07LOWBank First Corporation's 2026 Annual Meeting of Shareholders held June 15, 2026: shareholders elected three director nominees and ratified Forvis Mazars, LLP as independent registered public accounting firm for fiscal 2026. Routine vote results.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
2 floor-breakers·1 ceiling hit
Technicals below the gate floor. Component breakdown shows what dragged the score down.static
No near-term catalyst priced in. Thesis progression will come from fundamentals grinding, not event reaction.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Analyst target reached at $151.80 — A.R:R is negative (-1.0) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Concentration risk — Loan Portfolio: real estate loans (74.1%). Chart setup: Golden cross, above all MAs, RSI 67, MACD bullish. Prior stop was $143.84. Score 6.5/10, moderate confidence.
Take-profit target: $151.20 (-0.4% upside). Prior stop was $143.84. Stop-loss: $143.84.
Concentration risk — Loan Portfolio: real estate loans (74.1%); Analyst target reached - limited upside remaining; Near 52-week high (1.6% away).
Bank First Corporation trades at a P/E of 21.1 (forward 12.6). TrendMatrix value score: 7.7/10. Verdict: Sell.
6 analysts cover BFC with a consensus score of 3.8/5. Average price target: $161.
What does Bank First Corporation do?Bank First Corporation is the Wisconsin-based holding company for Bank First, N.A., a national bank operating 38...
Bank First Corporation is the Wisconsin-based holding company for Bank First, N.A., a national bank operating 38 offices across 18 Wisconsin counties and one Illinois county, regulated by the OCC. The bank reported $4.51 billion in total assets, $3.60 billion in total loans, and $3.70 billion in deposits as of December 31, 2025, serving businesses, professionals, and consumers through retail and commercial banking with approximately 380 employees. Real estate-secured loans make up 74.1% of the loan portfolio, with commercial real estate the largest single segment at 49.3%.