Bank First National Corp (BFC) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Bank First National Corp stock $59.93, price $148, that is 59.5% below the price, quality 44 out of 100. Rating: strongly overvalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.
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Bank First National Corp
BFC · USOur calculation puts a fair price 59% below what the stock costs today.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range $59.97 – $157.79 · fair‑value band $43.89 – $74.92 · the $147.89 price screens above the $59.93 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Company profile
Bank First Corporation operates as a holding company for Bank First, N.A. that provides consumer and commercial financial services to businesses, professionals, and consumers, in Wisconsin.
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It offers checking, savings, money market, cash management, retirement, and health savings accounts; other time deposits; certificates of deposit; and residential mortgage products.
The company also provides loan products include real estate loans, including commercial real estate, residential mortgage, and home equity loans; commercial and industrial loans for working capital, accounts receivable, inventory financing, and other business purposes; construction and development loans; residential 1-4 family loans; and consumer loans for personal and household purposes, including secured and unsecured installment loans, and revolving lines of credit.
In addition, it provides credit cards; insurance; data processing and other information technology; investment and safekeeping; treasury management; and online, telephone, and mobile banking services.
The company was formerly known as Bank First National Corporation and changed its name to Bank First Corporation in June 2019. Bank First Corporation was founded in 1894 and is headquartered in Manitowoc, Wisconsin.
Stock analysis
Bank First National Corp (BFC) currently trades at $147.89, while our model-based Fair Value estimate is $59.93, 59% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Dividend Discount group reads highest at a median of $73.77 per share, and 0 of the 6 models we run sit above the $147.89 price.
Bear case: the Asset-Based group reads lowest at $27.36, and 6 of the 6 models stay below the price. Data coverage for this calculation is high.
Scenario range: $43.89 (bear) to $74.92 (bull), the price of $147.89 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 44/100 (below-average quality), in the Financial Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Bank First National Corp reported revenue of $240M in FY2025 versus $117M in FY2021, a compound +19.8%/yr. Reported net income was $71.5M in FY2025, compounding +12.0%/yr from FY2021.
Key figures
Market cap $1.6B Small · P/E ratio 18.3 · P/S ratio 6.92 · EPS (TTM) $8.09 · Dividend yield 1.4% · Net margin 36.5% · Return on equity 12.0% · Return on assets (EBIT) 1.9% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 68 out of 100 (low confidence).
What moves the price
The share trades about 6% below its 52-week high and 26% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −28% fair-value upside, at −59%, BFC screens richer than that median.
Fair Value models
All 6 models by family
The fair value above starts from this blend and is adjusted for dilution from new shares.
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Insider trades
In the last 6 months, 2 officers or directors bought shares worth $220,085, most recently on Oct 28, 2026. Over the same period, one person sold shares worth $287,493. Buying cluster
- BuyTodd A. SprangDirector3× since Jan 27, 2026: 1,000 shares, avg. $143.04$143,039Oct 28, 2026
- SalePeter J. Van SistineDirector1,848 shares at $155.57$287,493Sep 11, 2026
- BuyTracy C PearsonDirector1,024 shares at $156.97$160,737Aug 17, 2026
- BuyMichael S Stayer-SuprickDirector225 shares at $140.04$31,509Apr 21, 2026
- SaleSteven M EldredDirector16,000 shares at $148.49$2.4MFeb 11, 2026
Plus one other filing such as a grant, option exercise or tax withholding. It is not a market purchase or sale.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Source: SEC Form 4, as of Nov 6, 2026. All filings at the SEC ↗
Revenue & earnings trend
BFC screens overvalued: fair value 59% below the price. Compare with China Merchants Bank Co →
Compare Bank First National Corp with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Banks - Regional · 998 stocks
Valuation Multiplesvs Banks - Regional median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
HEALTH: for banks, insurers and similar financial firms borrowed money is part of the business, so we do not rate debt here.
Context: sector, industry, market
- Is the Financials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Fair value gap by industry
- Return on assets by industry
- PEG screener for stocks with fair value
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Banks - Regional stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Postal Savings Bank of China Co 601658 | ¥5.53 | ¥7.59 | +37% | vs BFC |
| China Merchants Bank Co 600036 | ¥42.88 | ¥52.73 | +23% | vs BFC |
| BNP Paribas SA BNP | €91.93 | €106.01 | +15% | vs BFC |
| Intesa Sanpaolo S.p.A ISP | €6.18 | €4.49 | −27% | vs BFC |
| State Bank of India SBIN | ₹1,019 | ₹736.65 | −28% | vs BFC |
| UniCredit S.p.A UCG | €76.80 | €50.44 | −34% | vs BFC |
| Mizuho Financial Group MFG | $9.40 | $5.90 | −37% | vs BFC |
| DBS Group D05 | 69.72 SGD | 40.39 SGD | −42% | vs BFC |
| HDFC Bank Limited HDFCBANK | ₹788.25 | ₹406.39 | −48% | vs BFC |
| ICICI Bank Limited ICICIBANK | ₹1,571 | ₹615.63 | −61% | vs BFC |
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Frequently asked questions
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Key figures of Bank First National Corp
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