Bank First National (NASDAQ:BFC) Sets New 52-Week High – Here’s Why

Bank First National Corporation (NASDAQ:BFC)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $119.89 and last traded at $119.16, with a volume of 56854 shares changing hands. The stock had previously closed at $118.47.

Wall Street Analysts Forecast Growth

BFC has been the subject of several recent research reports. Hovde Group raised Bank First National from a “market perform” rating to an “outperform” rating and set a $130.00 price target for the company in a research report on Tuesday, May 6th. Piper Sandler lifted their target price on Bank First National from $110.00 to $111.00 and gave the company a “neutral” rating in a research note on Thursday, April 17th.

Bank First National Stock Performance

The firm’s 50 day moving average is $114.02 and its 200 day moving average is $105.64. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market cap of $1.17 billion, a P/E ratio of 17.34 and a beta of 0.39.

Bank First National (NASDAQ:BFC) last issued its quarterly earnings results on Tuesday, April 15th. The company reported $1.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.20. Bank First National had a return on equity of 10.73% and a net margin of 29.22%. The business had revenue of $43.10 million for the quarter, compared to the consensus estimate of $41.80 million. Analysts anticipate that Bank First National Corporation will post 6.9 EPS for the current year.

Bank First National Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, May 16th. Investors of record on Friday, May 9th were given a dividend of $3.50 per share. This is a positive change from Bank First National’s previous dividend of $0.20. The ex-dividend date of this dividend was Friday, May 9th. Bank First National’s dividend payout ratio is currently 26.43%.

Institutional Investors Weigh In On Bank First National

Several institutional investors have recently added to or reduced their stakes in BFC. Vanguard Group Inc. increased its holdings in shares of Bank First National by 12.3% during the first quarter. Vanguard Group Inc. now owns 581,909 shares of the company’s stock valued at $58,622,000 after acquiring an additional 63,568 shares in the last quarter. Nuveen LLC purchased a new stake in Bank First National during the 1st quarter worth approximately $2,607,000. JPMorgan Chase & Co. increased its stake in Bank First National by 103.2% during the 4th quarter. JPMorgan Chase & Co. now owns 48,500 shares of the company’s stock valued at $4,806,000 after purchasing an additional 24,635 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Bank First National by 30.2% in the first quarter. American Century Companies Inc. now owns 82,425 shares of the company’s stock worth $8,303,000 after buying an additional 19,131 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Bank First National by 57.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 30,247 shares of the company’s stock worth $2,997,000 after buying an additional 11,096 shares during the last quarter. Institutional investors and hedge funds own 29.95% of the company’s stock.

About Bank First National

Bank First Corporation operates as a holding company for Bank First, N.A. that provides consumer and commercial financial services to businesses, professionals, consumers, associations, individuals, and governmental authorities in Wisconsin. It offers checking, savings, money market, cash management, retirement, and health savings accounts; other time deposits; certificates of deposit; and residential mortgage products.