Bank First National Corporation (NASDAQ:BFC) Receives $161.00 Consensus Target Price from Analysts

Shares of Bank First National Corporation (NASDAQ:BFC) have earned a consensus recommendation of “Buy” from the five analysts that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $163.00.

BFC has been the topic of a number of research reports. Piper Sandler increased their price objective on shares of Bank First National from $157.00 to $161.00 and gave the company a “neutral” rating in a research note on Thursday. Hovde Group upped their price target on shares of Bank First National from $160.00 to $165.00 and gave the company an “outperform” rating in a report on Thursday, May 21st. Zacks Research raised shares of Bank First National from a “hold” rating to a “strong-buy” rating in a report on Thursday. 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. Finally, Weiss Ratings downgraded Bank First National from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Thursday, June 4th.

Hedge Funds Weigh In On Bank First National

A number of institutional investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. lifted its position in shares of Bank First National by 920.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 204 shares of the company’s stock valued at $25,000 after acquiring an additional 184 shares in the last quarter. Royal Bank of Canada raised its stake in 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 raised its stake in 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. Russell Investments Group Ltd. purchased a new position in Bank First National in the 3rd quarter valued at about $94,000. Finally, BNP Paribas Financial Markets lifted its holdings in Bank First National by 22.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 816 shares of the company’s stock valued at $96,000 after purchasing an additional 150 shares in the last quarter. 29.95% of the stock is owned by institutional investors and hedge funds.

Bank First National Stock Up 2.3%

Bank First National stock opened at $150.78 on Thursday. Bank First National has a fifty-two week low of $115.29 and a fifty-two week high of $154.29. The firm has a market capitalization of $1.68 billion, a price-to-earnings ratio of 19.61 and a beta of 0.41. The stock’s fifty day moving average is $144.81 and its two-hundred day moving average is $140.74. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.94 and a current ratio of 0.94.

Bank First National (NASDAQ:BFC) last released its quarterly earnings results on Tuesday, July 21st. The company reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.40 by $0.05. Bank First National had a return on equity of 13.02% and a net margin of 27.70%.The business had revenue of $75.04 million during the quarter, compared to the consensus estimate of $65.25 million. Analysts predict that Bank First National will post 9.91 EPS for the current fiscal year.

Bank First National Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 23rd will be issued a dividend of $0.60 per share. This is a boost from Bank First National’s previous quarterly dividend of $0.55. The ex-dividend date is Wednesday, September 23rd. This represents a $2.40 dividend on an annualized basis and a yield of 1.6%. Bank First National’s payout ratio is currently 28.61%.

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.