Bank First National (NASDAQ:BFC) Upgraded at Zacks Research

Zacks Research upgraded shares of Bank First National (NASDAQ:BFC) from a hold rating to a strong-buy rating in a research note issued to investors on Tuesday,Zacks.com reports.

BFC has been the topic of a number of other research reports. Piper Sandler upped their target price on shares of Bank First National from $142.00 to $150.00 and gave the stock a “neutral” rating in a report on Monday. Weiss Ratings reissued a “buy (b)” rating on shares of Bank First National in a research note on Wednesday, January 21st. Hovde Group lifted their target price on Bank First National from $145.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, October 22nd. Scotiabank upgraded Bank First National to a “sector outperform” rating in a report on Monday. Finally, Wall Street Zen upgraded Bank First National from a “sell” rating to a “hold” rating in a research note on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $150.00.

Bank First National Stock Performance

NASDAQ BFC opened at $138.60 on Tuesday. The company has a market cap of $1.36 billion, a P/E ratio of 19.17 and a beta of 0.42. The company has a fifty day simple moving average of $129.17 and a 200 day simple moving average of $126.60. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.02. Bank First National has a 12-month low of $93.00 and a 12-month high of $142.12.

Bank First National (NASDAQ:BFC) last released its quarterly earnings data on Thursday, January 22nd. The company reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.25. The firm had revenue of $49.68 million for the quarter, compared to the consensus estimate of $43.75 million. Bank First National had a net margin of 29.31% and a return on equity of 11.68%. Sell-side analysts predict 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 given a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, March 25th. This is a positive change from Bank First National’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.4%. Bank First National’s dividend payout ratio (DPR) is 24.90%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in shares of Bank First National by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 598,817 shares of the company’s stock worth $72,948,000 after purchasing an additional 10,052 shares during the period. Merit Financial Group LLC grew its position in Bank First National by 9.0% during the second quarter. Merit Financial Group LLC now owns 177,977 shares of the company’s stock valued at $20,939,000 after buying an additional 14,717 shares during the period. Dimensional Fund Advisors LP increased its holdings in 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 buying an additional 31,510 shares during the last quarter. American Century Companies Inc. raised its position in Bank First National by 2.0% in the second quarter. American Century Companies Inc. now owns 84,044 shares of the company’s stock worth $9,888,000 after acquiring an additional 1,619 shares during the period. Finally, Creative Planning boosted its stake in Bank First National by 8.7% in the third quarter. Creative Planning now owns 62,123 shares of the company’s stock valued at $7,536,000 after acquiring an additional 4,961 shares during the last quarter. Institutional investors own 29.95% of the company’s stock.

Bank First National Company Profile

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.