Bank First National Corporation (NASDAQ:BFC) Receives $150.00 Consensus PT from Analysts

Bank First National Corporation (NASDAQ:BFC) has been given a consensus rating of “Buy” by the five ratings firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $150.00.

BFC has been the topic of a number of analyst reports. Wall Street Zen upgraded Bank First National from a “sell” rating to a “hold” rating in a research note on Friday, January 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Bank First National in a report on Wednesday, January 21st. Scotiabank upgraded Bank First National to a “sector outperform” rating in a research note on Monday, January 26th. Zacks Research raised Bank First National from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 27th. Finally, Piper Sandler raised their price objective on shares of Bank First National from $142.00 to $150.00 and gave the stock a “neutral” rating in a report on Monday, January 26th.

Bank First National Trading Up 0.7%

BFC opened at $139.54 on Thursday. Bank First National has a one year low of $93.00 and a one year high of $142.12. The business’s 50 day moving average price is $129.50 and its 200 day moving average price is $126.76. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a market capitalization of $1.37 billion, a PE ratio of 19.30 and a beta of 0.42.

Bank First National (NASDAQ:BFC) last announced its quarterly earnings data on Thursday, January 22nd. The company reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.25. The business had revenue of $49.68 million for the quarter, compared to analyst estimates of $43.75 million. Bank First National had a net margin of 29.31% and a return on equity of 11.68%. As a group, equities research analysts expect that Bank First National will post 6.9 EPS for the current year.

Bank First National Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Wednesday, March 25th will be paid a dividend of $0.50 per share. The ex-dividend date is Wednesday, March 25th. This represents a $2.00 annualized dividend and a yield of 1.4%. This is an increase from Bank First National’s previous quarterly dividend of $0.45. Bank First National’s dividend payout ratio (DPR) is 24.90%.

Hedge Funds Weigh In On Bank First National

Large investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its position in shares of Bank First National by 41.7% during the third quarter. Dimensional Fund Advisors LP now owns 107,025 shares of the company’s stock worth $12,983,000 after purchasing an additional 31,510 shares in the last quarter. First Trust Advisors LP grew its stake in Bank First National by 393.6% during the 3rd quarter. First Trust Advisors LP now owns 31,406 shares of the company’s stock worth $3,810,000 after buying an additional 25,043 shares during the last quarter. Rafferty Asset Management LLC acquired a new position in Bank First National during the third quarter worth approximately $2,993,000. Jane Street Group LLC increased its position in Bank First National by 212.7% during the second quarter. Jane Street Group LLC now owns 34,276 shares of the company’s stock worth $4,033,000 after buying an additional 23,314 shares during the period. Finally, UBS Group AG lifted its stake in Bank First National by 211.8% in the third quarter. UBS Group AG now owns 33,275 shares of the company’s stock valued at $4,037,000 after buying an additional 22,604 shares during the last quarter. Institutional investors and hedge funds 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.