Bank First National Corporation (NASDAQ:BFC) Stock Has Average Target Price of $163.00 According to Brokerages

Bank First National Corporation (NASDAQ:BFC) has been assigned an average recommendation of “Moderate Buy” from the five brokerages that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $163.00.

Several research firms have commented on BFC. Piper Sandler boosted their price objective on Bank First National from $157.00 to $161.00 and gave the stock a “neutral” rating in a research note on Thursday, July 23rd. Weiss Ratings downgraded Bank First National from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Friday, October 2nd. Finally, Zacks Research lowered Bank First National from a “strong-buy” rating to a “hold” rating in a report on Monday, September 14th.

Bank First National Stock Performance

BFC opened at $147.98 on Tuesday. The firm’s fifty day simple moving average is $153.01 and its two-hundred day simple moving average is $146.76. Bank First National has a 52-week low of $119.08 and a 52-week high of $159.10. The company has a market cap of $1.64 billion, a price-to-earnings ratio of 19.24 and a beta of 0.42. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.03.

Bank First National (NASDAQ:BFC) last released its earnings results on Tuesday, July 21st. The company reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.40 by $0.05. The business had revenue of $65.03 million during the quarter, compared to analysts’ expectations of $65.25 million. Bank First National had a net margin of 27.70% and a return on equity of 12.48%. Equities analysts anticipate that Bank First National will post 9.91 earnings per share for the current fiscal year.

Bank First National Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 7th. Stockholders of record on Wednesday, September 23rd were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.6%. This is a positive change from Bank First National’s previous quarterly dividend of $0.55. The ex-dividend date was Wednesday, September 23rd. Bank First National’s dividend payout ratio (DPR) is currently 31.21%.

Insider Buying and Selling at Bank First National

In other news, Director Sistine Peter J. Van sold 1,848 shares of the firm’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $155.57, for a total value of $287,493.36. Following the transaction, the director directly owned 7,640 shares of the company’s stock, valued at approximately $1,188,554.80. This trade represents a 19.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 4.97% of the company’s stock.

Institutional Trading of Bank First National

Several large investors have recently bought and sold shares of the business. Legacy Private Trust Co. lifted its stake in Bank First National by 1,048.3% in the 3rd quarter. Legacy Private Trust Co. now owns 40,420 shares of the company’s stock worth $6,015,000 after purchasing an additional 36,900 shares in the last quarter. Versant Capital Management Inc grew its position in shares of Bank First National by 53.8% in the third quarter. Versant Capital Management Inc now owns 200 shares of the company’s stock valued at $30,000 after purchasing an additional 70 shares in the last quarter. Engineers Gate Manager LP acquired a new stake in shares of Bank First National in the second quarter valued at approximately $228,000. Squarepoint Ops LLC purchased a new position in Bank First National during the second quarter worth approximately $424,000. Finally, Baird Financial Group Inc. purchased a new position in Bank First National during the second quarter worth approximately $816,000. Hedge funds and other institutional investors own 29.95% of the company’s stock.

Bank First National Company Profile

Bank First Corporation is a Wisconsin-based bank holding company that operates through its subsidiary, Bank First. Headquartered in Manitowoc, Wisconsin, the institution provides banking services to individuals, families, businesses and municipal customers throughout eastern Wisconsin.

Bank First offers deposit accounts, consumer and business loans, mortgage lending, cash-management and treasury services, online and mobile banking, credit and debit cards, and other personal and commercial banking products.