Bank First National Corporation (NASDAQ:BFC) Given Average Rating of “Buy” by Brokerages

Shares of Bank First National Corporation (NASDAQ:BFC) have been given an average rating of “Buy” by the five analysts that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, two have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $163.00.

Several research firms recently issued reports on BFC. 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 research note on Thursday, May 21st. Wall Street Zen upgraded shares of Bank First National from a “strong sell” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings raised shares of Bank First National from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Tuesday, August 11th. Piper Sandler raised their price objective on shares of Bank First National from $157.00 to $161.00 and gave the company a “neutral” rating in a research note on Thursday, July 23rd. Finally, Zacks Research upgraded shares of Bank First National from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 23rd.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in BFC. Royal Bank of Canada boosted its holdings 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 purchasing an additional 149 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of Bank First National by 22.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 816 shares of the company’s stock worth $96,000 after buying an additional 150 shares during the last quarter. Ancora Advisors LLC acquired a new position in shares of Bank First National in the 2nd quarter valued at $26,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Bank First National by 920.0% in the 4th 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. Finally, N.E.W. Advisory Services LLC grew its position in shares of Bank First National by 4.5% in the 4th quarter. N.E.W. Advisory Services LLC now owns 5,466 shares of the company’s stock valued at $666,000 after buying an additional 237 shares during the last quarter. Hedge funds and other institutional investors own 29.95% of the company’s stock.

Bank First National Price Performance

Shares of BFC opened at $158.00 on Monday. The company’s 50-day moving average price is $148.88 and its 200 day moving average price is $143.56. Bank First National has a 12-month low of $119.08 and a 12-month high of $158.99. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.03. The firm has a market cap of $1.75 billion, a P/E ratio of 20.55 and a beta of 0.41.

Bank First National (NASDAQ:BFC) last issued its quarterly earnings data on Tuesday, July 21st. The company reported $2.45 EPS for the quarter, topping the consensus estimate of $2.40 by $0.05. The firm had revenue of $65.03 million for the quarter, compared to analyst estimates of $65.25 million. Bank First National had a net margin of 27.70% and a return on equity of 12.48%. On average, sell-side analysts forecast that Bank First National will post 9.91 earnings per share for the current year.

Bank First National Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Wednesday, September 23rd will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.5%. This is a boost from Bank First National’s previous quarterly dividend of $0.55. The ex-dividend date is Wednesday, September 23rd. Bank First National’s dividend payout ratio (DPR) is 28.61%.

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.