Bank First National (NASDAQ:BFC) Sees Large Volume Increase – Here’s Why

Bank First National Corporation (NASDAQ:BFC) shares saw strong trading volume on Thursday . 57,494 shares changed hands during trading, a decline of 37% from the previous session’s volume of 91,240 shares.The stock last traded at $152.1050 and had previously closed at $151.04.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Hovde Group lifted their price target on shares of Bank First National from $160.00 to $165.00 and gave the company an “outperform” rating in a research report on Thursday, May 21st. Zacks Research upgraded shares of Bank First National from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 23rd. Wall Street Zen raised shares of Bank First National from a “strong sell” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings upgraded shares of Bank First National from a “buy (b+)” rating to a “buy (a-)” rating in a report on Tuesday, August 11th. Finally, Piper Sandler boosted their target price on shares of Bank First National from $157.00 to $161.00 and gave the stock a “neutral” rating in a research report on Thursday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Bank First National has an average rating of “Buy” and an average target price of $163.00.

Bank First National Stock Down 0.1%

The company has a debt-to-equity ratio of 0.03, a current ratio of 0.93 and a quick ratio of 0.93. The stock has a fifty day moving average price of $149.57 and a two-hundred day moving average price of $143.92. The company has a market cap of $1.67 billion, a P/E ratio of 19.62 and a beta of 0.41.

Bank First National (NASDAQ:BFC) last announced its earnings results on Tuesday, July 21st. The company reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.40 by $0.05. Bank First National had a return on equity of 12.48% and a net margin of 27.70%.The company had revenue of $65.03 million for the quarter, compared to analysts’ expectations of $65.25 million. On average, research analysts expect that Bank First National Corporation will post 9.91 EPS for the current year.

Bank First National Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 23rd will be paid a dividend of $0.60 per share. This is a boost from Bank First National’s previous quarterly dividend of $0.55. The ex-dividend date is Wednesday, September 23rd. This represents a $2.40 annualized dividend and a yield of 1.6%. Bank First National’s dividend payout ratio (DPR) is 28.61%.

Institutional Trading of Bank First National

Several institutional investors have recently made changes to their positions in the company. AQR Capital Management LLC raised its holdings 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 valued at $1,723,000 after purchasing an additional 8,672 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings 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 purchasing an additional 250 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position 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 worth $2,100,000 after purchasing an additional 7,656 shares in the last quarter. Jane Street Group LLC grew its position in Bank First National by 194.8% in the 1st quarter. Jane Street Group LLC now owns 10,962 shares of the company’s stock worth $1,104,000 after purchasing an additional 7,244 shares in the last quarter. Finally, First Trust Advisors LP grew its position in Bank First National by 5.1% in the 2nd quarter. First Trust Advisors LP now owns 6,363 shares of the company’s stock worth $749,000 after purchasing an additional 309 shares in the last quarter. Institutional investors own 29.95% of the company’s stock.

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.