Bank First National Corporation (NASDAQ:BFC) Receives $150.00 Consensus Target Price from Brokerages

Shares of Bank First National Corporation (NASDAQ:BFC) have earned an average recommendation of “Buy” from the five analysts that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $150.00.

Several brokerages have recently weighed in on BFC. Zacks Research upgraded shares of Bank First National from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 27th. Scotiabank raised shares of Bank First National to a “sector outperform” rating in a research note on Monday, January 26th. Piper Sandler boosted 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. Wall Street Zen cut shares of Bank First National from a “hold” rating to a “sell” rating in a research report on Saturday, February 14th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Bank First National in a research note on Wednesday, January 21st.

Insiders Place Their Bets

In other Bank First National news, Director Steven M. Eldred sold 8,000 shares of Bank First National stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $151.95, for a total transaction of $1,215,600.00. Following the sale, the director directly owned 125,680 shares in the company, valued at $19,097,076. The trade was a 5.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 4.10% of the stock is currently owned by company insiders.

Institutional Trading of Bank First National

A number of hedge funds have recently made changes to their positions in BFC. Vanguard Group Inc. raised its holdings in Bank First National by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 598,817 shares of the company’s stock valued at $72,948,000 after acquiring an additional 10,052 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in Bank First National by 2,452,855.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 490,591 shares of the company’s stock worth $59,764,000 after acquiring an additional 490,571 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Bank First National by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 247,275 shares of the company’s stock worth $30,127,000 after purchasing an additional 8,308 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Bank First National by 23.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 131,725 shares of the company’s stock valued at $16,048,000 after purchasing an additional 24,700 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in shares of Bank First National by 2.0% in the 2nd quarter. American Century Companies Inc. now owns 84,044 shares of the company’s stock valued at $9,888,000 after purchasing an additional 1,619 shares in the last quarter. Institutional investors and hedge funds own 29.95% of the company’s stock.

Bank First National Stock Performance

Shares of NASDAQ:BFC opened at $130.32 on Friday. The business’s 50-day simple moving average is $138.44 and its 200 day simple moving average is $130.91. The company has a market cap of $1.46 billion, a P/E ratio of 18.02 and a beta of 0.43. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.00 and a current ratio of 1.00. Bank First National has a one year low of $93.00 and a one year high of $152.99.

Bank First National (NASDAQ:BFC) last released its quarterly earnings results on Thursday, January 22nd. The company reported $2.00 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.25. The firm had revenue of $49.68 million during the quarter, compared to analysts’ expectations of $43.75 million. Bank First National had a return on equity of 11.61% and a net margin of 29.31%. On average, sell-side analysts forecast that Bank First National will post 6.9 earnings per share for the current fiscal year.

Bank First National Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Wednesday, March 25th will be issued a $0.50 dividend. This is an increase from Bank First National’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Wednesday, March 25th. Bank First National’s dividend payout ratio (DPR) is currently 24.90%.

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.