Bank First National Corporation (NASDAQ:BFC) Receives $161.00 Average Price Target from Brokerages

Shares of Bank First National Corporation (NASDAQ:BFC) have received a consensus recommendation of “Hold” from the five research firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $161.00.

BFC has been the subject of a number of research reports. Wall Street Zen raised shares of Bank First National from a “strong sell” rating to a “hold” rating in a research note on Saturday, May 16th. Piper Sandler upped their price objective on shares of Bank First National from $150.00 to $157.00 and gave the stock a “neutral” rating in a research note on Monday, April 20th. Hovde Group upped their price objective on shares of Bank First National from $160.00 to $165.00 and gave the stock an “outperform” rating in a research note on Thursday, May 21st. Zacks Research lowered shares of Bank First National from a “hold” rating to a “strong sell” rating in a research note on Thursday, April 30th. Finally, Weiss Ratings lowered shares of Bank First National from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Thursday, June 4th.

Insider Transactions at Bank First National

In other Bank First National news, Director Todd A. Sprang acquired 450 shares of the stock in a transaction that occurred on Wednesday, April 22nd. The stock was bought at an average cost of $138.96 per share, with a total value of $62,532.00. Following the completion of the purchase, the director directly owned 2,015 shares in the company, valued at $280,004.40. The trade was a 28.75% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael S. Stayer-Suprick acquired 225 shares of the stock in a transaction that occurred on Tuesday, April 21st. The stock was acquired at an average cost of $140.04 per share, with a total value of $31,509.00. Following the completion of the purchase, the director owned 4,597 shares of the company’s stock, valued at $643,763.88. This trade represents a 5.15% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 4.97% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Bank First National

A number of large investors have recently added to or reduced their stakes in BFC. Royal Bank of Canada increased its holdings in shares of Bank First National by 95.5% during the fourth quarter. Royal Bank of Canada now owns 305 shares of the company’s stock valued at $36,000 after acquiring an additional 149 shares in the last quarter. BNP Paribas Financial Markets boosted its position in Bank First National by 22.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 816 shares of the company’s stock worth $96,000 after purchasing an additional 150 shares in the last quarter. Ellsworth Advisors LLC boosted its position in Bank First National by 2.5% in the 4th quarter. Ellsworth Advisors LLC now owns 7,199 shares of the company’s stock worth $934,000 after purchasing an additional 174 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Bank First National by 920.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 204 shares of the company’s stock worth $25,000 after purchasing an additional 184 shares in the last quarter. Finally, N.E.W. Advisory Services LLC boosted its position in Bank First National by 4.5% in the 4th quarter. N.E.W. Advisory Services LLC now owns 5,466 shares of the company’s stock worth $666,000 after purchasing an additional 237 shares in the last quarter. 29.95% of the stock is currently owned by institutional investors.

Bank First National Stock Up 1.4%

Shares of BFC opened at $143.70 on Wednesday. The firm has a market capitalization of $1.60 billion, a P/E ratio of 19.99 and a beta of 0.42. Bank First National has a 12-month low of $109.11 and a 12-month high of $152.99. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.03. The firm has a fifty day moving average price of $141.61 and a 200-day moving average price of $136.56.

Bank First National (NASDAQ:BFC) last issued its earnings results on Thursday, April 16th. The company reported $2.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.40 by ($0.16). The company had revenue of $63.75 million for the quarter, compared to analysts’ expectations 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 period in the prior year, the firm posted $1.82 earnings per share. Equities research analysts expect that Bank First National will post 9.5 earnings per share for the current year.

Bank First National Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 8th. Investors of record on Wednesday, June 24th will be paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 1.5%. This is a boost from Bank First National’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Wednesday, June 24th. Bank First National’s payout ratio is currently 27.82%.

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.