Bank First National Corporation (NASDAQ:BFC) Receives Average Rating of “Buy” from Analysts

Bank First National Corporation (NASDAQ:BFC) has been assigned a consensus rating of “Buy” from the five brokerages that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $150.00.

Several brokerages have recently issued reports on BFC. Scotiabank raised shares of Bank First National to a “sector outperform” rating in a research note on Monday, January 26th. Weiss Ratings restated a “buy (b)” rating on shares of Bank First National in a report on Wednesday, January 21st. Piper Sandler lifted their target price on shares of Bank First National from $142.00 to $150.00 and gave the stock a “neutral” rating in a report on Monday, January 26th. Wall Street Zen cut shares of Bank First National from a “hold” rating to a “sell” rating in a research report on Saturday, February 14th. Finally, Zacks Research upgraded Bank First National from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 27th.

Bank First National Trading Down 3.9%

BFC stock opened at $134.67 on Monday. The company has a market cap of $1.33 billion, a P/E ratio of 18.63 and a beta of 0.43. Bank First National has a twelve month low of $93.00 and a twelve month high of $152.99. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.02. The business has a fifty day moving average of $135.26 and a 200-day moving average of $129.96.

Bank First National (NASDAQ:BFC) last posted its quarterly earnings results on Thursday, January 22nd. The company reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.25. The business had revenue of $49.68 million for the quarter, compared to analysts’ expectations of $43.75 million. Bank First National had a return on equity of 11.68% and a net margin of 29.31%. As a group, equities research analysts expect that Bank First National will post 6.9 EPS for the current year.

Bank First National Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 25th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, March 25th. This is a positive change from Bank First National’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a yield of 1.5%. Bank First National’s payout ratio is currently 24.90%.

Insider Activity

In other news, Director Steven M. Eldred sold 8,000 shares of the business’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $145.02, for a total transaction of $1,160,160.00. Following the completion of the transaction, the director directly owned 133,680 shares in the company, valued at approximately $19,386,273.60. The trade was a 5.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 4.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. lifted 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 raised its holdings in shares of Bank First National by 95.5% during the fourth quarter. Royal Bank of Canada now owns 305 shares of the company’s stock worth $36,000 after acquiring an additional 149 shares during the period. State of Alaska Department of Revenue bought a new stake in Bank First National in the 3rd quarter valued at $48,000. CWM LLC boosted its stake in Bank First National by 17.0% in the 2nd quarter. CWM LLC now owns 669 shares of the company’s stock worth $79,000 after purchasing an additional 97 shares during the period. Finally, Nisa Investment Advisors LLC boosted its stake in Bank First National by 17,650.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 710 shares of the company’s stock worth $84,000 after purchasing an additional 706 shares during the period. 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.