Bank First National Corporation (NASDAQ:BFC) Receives Consensus Rating of “Buy” from Analysts

Bank First National Corporation (NASDAQ:BFC) has been assigned an average rating of “Buy” from the five brokerages that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $150.00.

Several research firms recently issued reports on BFC. 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. Piper Sandler upped their price target on shares of Bank First National from $142.00 to $150.00 and gave the company a “neutral” rating in a research note on Monday, January 26th. Wall Street Zen lowered shares of Bank First National from a “hold” rating to a “sell” rating in a research report on Saturday, February 14th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Bank First National in a report on Wednesday, January 21st.

Bank First National Stock Performance

Shares of BFC stock opened at $142.97 on Monday. Bank First National has a 52 week low of $93.00 and a 52 week high of $152.99. The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of 19.77 and a beta of 0.42. The company has a 50-day simple moving average of $134.83 and a 200 day simple moving average of $129.25. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.99 and a current ratio of 0.99.

Bank First National (NASDAQ:BFC) last issued its quarterly earnings data on Thursday, January 22nd. The company reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.25. Bank First National had a net margin of 29.31% and a return on equity of 11.68%. The firm had revenue of $49.68 million during the quarter, compared to the consensus estimate of $43.75 million. On average, sell-side analysts predict that Bank First National will post 6.9 earnings per share 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 $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.4%. This is an increase from Bank First National’s previous quarterly dividend of $0.45. The ex-dividend date is Wednesday, March 25th. Bank First National’s dividend payout ratio is presently 24.90%.

Insider Transactions at Bank First National

In other Bank First National news, Director Steven M. Eldred sold 8,000 shares of the firm’s stock in a transaction 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 transaction, the director owned 125,680 shares in the company, valued at $19,097,076. This trade represents a 5.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 4.10% of the stock is owned by corporate insiders.

Institutional Trading of Bank First National

Several large investors have recently modified their holdings of BFC. AQR Capital Management LLC increased its position in shares of Bank First National by 102.9% in the first quarter. AQR Capital Management LLC now owns 17,100 shares of the company’s stock worth $1,723,000 after purchasing an additional 8,672 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Bank First National by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,756 shares of the company’s stock worth $580,000 after buying an additional 250 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Bank First National by 58.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 20,843 shares of the company’s stock valued at $2,100,000 after buying an additional 7,656 shares during the period. Jane Street Group LLC raised its position in shares of Bank First National by 194.8% in the 1st quarter. Jane Street Group LLC now owns 10,962 shares of the company’s stock valued at $1,104,000 after buying an additional 7,244 shares in the last quarter. Finally, CWM LLC lifted its holdings in shares of Bank First National by 17.0% during the 2nd quarter. CWM LLC now owns 669 shares of the company’s stock worth $79,000 after acquiring an additional 97 shares during the period. 29.95% of the stock is owned by institutional investors and hedge funds.

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.