Piper Sandler raised the firm's price target on Bank First to $157 from $150 and keeps a Neutral rating on the shares. While Q1 core EPS fell short of expectations on the heels of the company's highly additive First National Bank and Trust acquisition closed January 1, the firm remains constructive on this high-performing institution as future EPS growth and profitability will likely place Bank First in the top quartile among peers.
