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

Bank First National Corporation (NASDAQ:BFC) has earned an average recommendation of “Moderate Buy” from the five research firms that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $161.00.

Several research firms have weighed in on BFC. Weiss Ratings cut Bank First National from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Thursday, June 4th. Hovde Group increased their target price on Bank First National from $160.00 to $165.00 and gave the stock an “outperform” rating in a report on Thursday, May 21st. Zacks Research raised Bank First National from a “strong sell” rating to a “hold” rating in a report on Thursday, June 18th. Piper Sandler increased their target price on Bank First National from $150.00 to $157.00 and gave the stock a “neutral” rating in a report on Monday, April 20th. Finally, Wall Street Zen raised Bank First National from a “strong sell” rating to a “hold” rating in a report on Saturday, May 16th.

Bank First National Trading Up 2.1%

Shares of Bank First National stock opened at $147.91 on Friday. Bank First National has a 12-month low of $113.30 and a 12-month high of $152.99. The stock has a market cap of $1.65 billion, a P/E ratio of 20.57 and a beta of 0.42. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.03. The business’s 50 day moving average is $142.86 and its 200-day moving average is $138.15.

Bank First National (NASDAQ:BFC) last posted its quarterly earnings results on Thursday, April 16th. The company reported $2.24 earnings per share for the quarter, missing analysts’ consensus estimates of $2.40 by ($0.16). Bank First National had a net margin of 27.49% and a return on equity of 11.89%. The business had revenue of $63.75 million during the quarter, compared to the consensus estimate of $65.70 million. During the same quarter last year, the company posted $1.82 EPS. Equities research analysts predict that Bank First National will post 9.5 earnings per share for the current fiscal year.

Bank First National Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Stockholders of record on Wednesday, June 24th will be issued a dividend of $0.55 per share. This is an increase from Bank First National’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Wednesday, June 24th. This represents a $2.20 annualized dividend and a dividend yield of 1.5%. Bank First National’s payout ratio is currently 30.60%.

Insider Buying and Selling at Bank First National

In other Bank First National news, Director Todd A. Sprang acquired 450 shares of Bank First National stock in a transaction that occurred on Wednesday, April 22nd. The shares were acquired at an average cost of $138.96 per share, with a total value of $62,532.00. Following the completion of the purchase, the director directly owned 2,015 shares of the company’s stock, valued at $280,004.40. This represents a 28.75% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Michael S. Stayer-Suprick acquired 225 shares of Bank First National stock in a transaction that occurred on Tuesday, April 21st. The stock was acquired at an average cost of $140.04 per share, for a total transaction of $31,509.00. Following the completion of the purchase, the director directly owned 4,597 shares of the company’s stock, valued at $643,763.88. This represents a 5.15% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 4.97% of the company’s stock.

Institutional Trading of Bank First National

Several large investors have recently bought and sold shares of BFC. Northwestern Mutual Wealth Management Co. boosted its stake in 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 buying an additional 184 shares in the last quarter. Royal Bank of Canada boosted its stake in Bank First National by 95.5% in the fourth quarter. Royal Bank of Canada now owns 305 shares of the company’s stock valued at $36,000 after buying an additional 149 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in Bank First National by 406.8% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 370 shares of the company’s stock valued at $45,000 after buying an additional 297 shares in the last quarter. Russell Investments Group Ltd. acquired a new stake in Bank First National in the third quarter valued at about $94,000. Finally, BNP Paribas Financial Markets boosted its stake in Bank First National by 22.5% in the second quarter. BNP Paribas Financial Markets now owns 816 shares of the company’s stock valued at $96,000 after buying an additional 150 shares in the last quarter. 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.