Bank First National Corporation (NASDAQ:BFC) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Bank First National Corporation (NASDAQ:BFC) have earned a consensus recommendation of “Moderate Buy” from the five ratings firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $153.50.

A number of analysts recently issued reports on the stock. Weiss Ratings upgraded shares of Bank First National from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Thursday, April 16th. Zacks Research lowered shares of Bank First National from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 30th. Scotiabank upgraded shares of Bank First National to a “sector outperform” rating in a research report on Monday, January 26th. Wall Street Zen upgraded shares of Bank First National from a “strong sell” rating to a “hold” rating in a research report on Saturday. Finally, Piper Sandler raised their target price on shares of Bank First National from $150.00 to $157.00 and gave the stock a “neutral” rating in a research report on Monday, April 20th.

Bank First National Stock Down 1.8%

BFC stock opened at $141.14 on Friday. The company’s 50 day simple moving average is $139.31 and its 200-day simple moving average is $134.46. The firm has a market capitalization of $1.58 billion, a PE ratio of 19.63 and a beta of 0.44. Bank First National has a 12 month low of $109.11 and a 12 month high of $152.99. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.94 and a quick ratio of 1.00.

Bank First National (NASDAQ:BFC) last released its quarterly earnings results on Thursday, April 16th. The company reported $2.24 EPS for the quarter, missing the consensus estimate of $2.40 by ($0.16). The business had revenue of $63.75 million during the quarter, compared to analyst estimates of $65.70 million. Bank First National had a net margin of 27.49% and a return on equity of 11.89%. During the same quarter in the prior year, the company earned $1.82 earnings per share. Equities analysts expect that Bank First National will post 9.5 earnings per share for the current fiscal year.

Bank First National Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Investors of record on Wednesday, June 24th will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 1.6%. This is an increase from Bank First National’s previous quarterly dividend of $0.50. The ex-dividend date is Wednesday, June 24th. Bank First National’s dividend payout ratio (DPR) is 27.82%.

Insider Buying and Selling

In other news, Director Michael S. Stayer-Suprick bought 225 shares of the firm’s stock in a transaction that occurred on Tuesday, April 21st. The shares were purchased at an average price of $140.04 per share, for a total transaction of $31,509.00. Following the completion of the transaction, the director owned 4,597 shares in the company, valued at $643,763.88. The trade was a 5.15% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Todd A. Sprang bought 450 shares of the firm’s stock in a transaction that occurred on Wednesday, April 22nd. The shares were purchased at an average price of $138.96 per share, for a total transaction of $62,532.00. Following the transaction, the director owned 2,015 shares of the company’s stock, valued at $280,004.40. The trade was a 28.75% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 4.97% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Bank First National

Large investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Bank First National by 920.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 204 shares of the company’s stock valued at $25,000 after purchasing an additional 184 shares during the last quarter. Royal Bank of Canada boosted its holdings in shares of Bank First National by 95.5% in the 4th quarter. Royal Bank of Canada now owns 305 shares of the company’s stock valued at $36,000 after purchasing an additional 149 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Bank First National by 406.8% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 370 shares of the company’s stock valued at $45,000 after purchasing an additional 297 shares during the last quarter. State of Alaska Department of Revenue acquired a new position in shares of Bank First National in the 3rd quarter valued at $48,000. Finally, Russell Investments Group Ltd. acquired a new position in shares of Bank First National in the 3rd quarter valued at $94,000. Hedge funds and other institutional investors own 29.95% of the company’s stock.

About Bank First National

Bank First National Corporation (NASDAQ: BFC) is the bank holding company for Bank First National, a community bank headquartered in Princeton, Wisconsin. The company offers a comprehensive suite of financial services designed to meet the needs of individuals, families, small businesses and agricultural clients. Through its branch network and digital channels, Bank First National provides deposit accounts, consumer and commercial lending, mortgage financing and treasury management solutions.

The bank’s core deposit products include checking and savings accounts, money market funds and certificates of deposit, complemented by online and mobile banking platforms that enable customers to manage their finances remotely.