Bank First National (NASDAQ:BFC) Sees Unusually-High Trading Volume – Time to Buy?

Bank First National Corporation (NASDAQ:BFC) saw strong trading volume on Friday . 56,717 shares traded hands during trading, a decline of 38% from the previous session’s volume of 92,126 shares.The stock last traded at $153.2350 and had previously closed at $153.21.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on BFC. Hovde Group lifted their price objective on Bank First National from $160.00 to $165.00 and gave the company an “outperform” rating in a research note on Thursday, May 21st. Wall Street Zen upgraded Bank First National from a “strong sell” rating to a “hold” rating in a report on Saturday, May 16th. Zacks Research raised Bank First National from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 18th. Weiss Ratings lowered shares of Bank First National from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Thursday, June 4th. Finally, Piper Sandler boosted their price target on shares of Bank First National from $150.00 to $157.00 and gave the stock a “neutral” rating in a research note on Monday, April 20th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Bank First National presently has an average rating of “Moderate Buy” and a consensus target price of $161.00.

Bank First National Price Performance

The stock’s 50 day moving average is $144.43 and its two-hundred day moving average is $139.88. The stock has a market capitalization of $1.64 billion, a PE ratio of 20.39 and a beta of 0.41. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.94 and a quick ratio of 0.94.

Bank First National (NASDAQ:BFC) last issued its quarterly earnings results on Thursday, April 16th. The company reported $2.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.40 by ($0.16). Bank First National had a return on equity of 11.89% and a net margin of 27.49%.The firm had revenue of $63.75 million during the quarter, compared to analysts’ expectations of $65.70 million. During the same quarter in the prior year, the firm earned $1.82 EPS. As a group, sell-side analysts forecast that Bank First National Corporation will post 9.69 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Bank First National news, Director Todd A. Sprang purchased 450 shares of the firm’s stock in a transaction on Wednesday, April 22nd. The stock was bought at an average cost of $138.96 per share, with a total value of $62,532.00. Following the acquisition, the director directly owned 2,015 shares of the company’s stock, valued at approximately $280,004.40. This represents a 28.75% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Michael S. Stayer-Suprick bought 225 shares of the business’s stock in a transaction dated Tuesday, April 21st. The shares were acquired at an average cost of $140.04 per share, for a total transaction of $31,509.00. Following the transaction, the director directly owned 4,597 shares in the company, valued at approximately $643,763.88. This represents a 5.15% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 4.97% of the stock is owned by company insiders.

Institutional Trading of Bank First National

Institutional investors have recently modified their holdings of the stock. Annex Advisory Services LLC purchased a new stake in Bank First National in the second quarter valued at $1,111,000. FORM Wealth Advisors LLC purchased a new stake in shares of Bank First National in the 2nd quarter valued at about $682,000. Ballast Advisors LLC acquired a new stake in shares of Bank First National in the 1st quarter valued at about $154,000. Bank of America Corp DE boosted its position in shares of Bank First National by 60.6% in the 1st quarter. Bank of America Corp DE now owns 17,102 shares of the company’s stock valued at $2,310,000 after purchasing an additional 6,456 shares during the period. Finally, Janus Henderson Group PLC boosted its position in shares of Bank First National by 53.9% in the 1st quarter. Janus Henderson Group PLC now owns 5,138 shares of the company’s stock valued at $693,000 after purchasing an additional 1,800 shares during the period. 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.