Bank First National (NASDAQ:BFC) Downgraded to “Sell” Rating by Wall Street Zen

Bank First National (NASDAQ:BFC) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday.

BFC has been the subject of several other research reports. Hovde Group boosted their price target on shares of Bank First National from $145.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, October 22nd. Zacks Research raised shares of Bank First National from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 27th. Scotiabank raised Bank First National to a “sector outperform” rating in a report on Monday, January 26th. Piper Sandler raised their price target on Bank First National from $142.00 to $150.00 and gave the company a “neutral” rating in a research note on Monday, January 26th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bank First National in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Bank First National has an average rating of “Buy” and a consensus target price of $150.00.

Bank First National Price Performance

Shares of NASDAQ BFC opened at $146.00 on Friday. The stock’s 50-day moving average is $133.73 and its two-hundred day moving average is $128.22. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.99 and a quick ratio of 0.99. Bank First National has a 1-year low of $93.00 and a 1-year high of $152.99. The company has a market cap of $1.44 billion, a price-to-earnings ratio of 20.19 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 (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.25. Bank First National had a return on equity of 11.68% and a net margin of 29.31%.The business had revenue of $49.68 million during the quarter, compared to analysts’ expectations of $43.75 million. Analysts forecast that Bank First National will post 6.9 EPS for the current fiscal year.

Insider Activity

In related news, Director Steven M. Eldred sold 8,000 shares of the stock in a transaction on Friday, February 6th. The stock was sold at an average price of $145.02, for a total transaction of $1,160,160.00. Following the completion of the sale, the director directly owned 133,680 shares of the company’s stock, valued at $19,386,273.60. This trade represents a 5.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 3.42% of the company’s stock.

Hedge Funds Weigh In On Bank First National

A number of large investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position 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 purchasing an additional 10,052 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of 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 buying an additional 490,571 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Bank First National by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 247,275 shares of the company’s stock worth $30,127,000 after buying an additional 8,308 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings 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 buying an additional 24,700 shares during the period. Finally, American Century Companies Inc. boosted its stake in shares of Bank First National by 2.0% in the second quarter. American Century Companies Inc. now owns 84,044 shares of the company’s stock valued at $9,888,000 after buying an additional 1,619 shares in the last quarter. Hedge funds and other institutional investors 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.