Zacks Research Downgrades Bank First National (NASDAQ:BFC) to Hold

Bank First National (NASDAQ:BFC) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Monday, Zacks reports.

Other research analysts have also issued research reports about the company. Hovde Group increased their price objective on Bank First National from $160.00 to $165.00 and gave the company an “outperform” rating in a report on Thursday, May 21st. Weiss Ratings lowered Bank First National from a “buy (a-)” rating to a “buy (b+)” rating in a report on Thursday, August 27th. Finally, Piper Sandler increased their price target on Bank First National from $157.00 to $161.00 and gave the company a “neutral” rating in a report on Thursday, July 23rd. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Bank First National has an average rating of “Moderate Buy” and a consensus target price of $163.00.

Bank First National Trading Up 0.3%

Shares of NASDAQ:BFC opened at $153.75 on Monday. 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 stock has a market capitalization of $1.71 billion, a PE ratio of 19.99 and a beta of 0.41. Bank First National has a 1 year low of $119.08 and a 1 year high of $159.10. The firm has a fifty day moving average price of $152.25 and a 200 day moving average price of $145.02.

Bank First National (NASDAQ:BFC) last posted its earnings results on Tuesday, July 21st. The company reported $2.45 earnings per share 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 analyst estimates of $65.25 million. Analysts expect that Bank First National will post 9.91 EPS for the current fiscal year.

Insider Activity

In other news, Director Sistine Peter J. Van sold 1,848 shares of Bank First National stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $155.57, for a total value of $287,493.36. Following the transaction, the director directly owned 7,640 shares in the company, valued at approximately $1,188,554.80. The trade was a 19.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 4.97% of the company’s stock.

Institutional Trading of Bank First National

Several hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new stake in Bank First National in the 2nd quarter valued at approximately $121,853,000. Dimensional Fund Advisors LP lifted its holdings in shares of Bank First National by 21.2% during the first quarter. Dimensional Fund Advisors LP now owns 159,678 shares of the company’s stock worth $21,565,000 after buying an additional 27,953 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of Bank First National by 9.6% during the first quarter. First Trust Advisors LP now owns 73,036 shares of the company’s stock worth $9,864,000 after buying an additional 6,416 shares during the last quarter. J.W. Cole Advisors Inc. bought a new stake in shares of Bank First National in the fourth quarter valued at approximately $6,340,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Bank First National in the second quarter valued at approximately $6,689,000. Institutional investors own 29.95% of the company’s stock.

About Bank First National

Bank First National, operating through Bank First Corporation, is a Wisconsin-based community bank that provides banking and financial services to individuals, families, businesses and municipalities. The company offers checking and savings accounts, certificates of deposit, residential mortgages, consumer loans, commercial lending and agricultural financing.

Bank First also provides business banking solutions such as treasury management, cash management, payment services, online and mobile banking, and other commercial financial products.