Piper Sandler raised the firm’s price target on Bank First (BFC) to $137 from $115 and keeps a Neutral rating on the shares. On Friday morning and in conjunction with releasing Q2 results, Bank First announced the $174M acquisition of Beloit, which is the holding company for First National Bank and Trust Company with $1.5B in assets. Piper believes this deal represents a very compelling and complementary combination to leverage Bank First’s existing infrastructure to drive substantial EPS growth above management’s likely conservative guidance.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BFC:
- Bank First Corporation Reports Strong Q2 2025 Earnings
- Bank First National Announces Merger with Centre 1 Bancorp
- Bank First to acquire Centre 1 Bancorp for $174.3M in all-stock transaction
- Bank First reports Q2 EPS $1.71 vs. $1.59 last year
- Bank First National Announces Board Changes at Annual Meeting