Bank First National (NASDAQ:BFC) Rating Lowered to Strong Sell at Zacks Research

Bank First National (NASDAQ:BFC) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

BFC has been the subject of a number of other reports. Piper Sandler boosted their price target on Bank First National from $150.00 to $157.00 and gave the company a “neutral” rating in a report on Monday, April 20th. Wall Street Zen downgraded Bank First National from a “sell” rating to a “strong sell” rating in a report on Saturday, April 25th. Scotiabank raised Bank First National to a “sector outperform” rating in a report on Monday, January 26th. Finally, Weiss Ratings raised Bank First National from a “buy (b+)” rating to a “buy (a-)” rating in a report on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $153.50.

Bank First National Stock Performance

NASDAQ BFC traded down $2.55 during trading hours on Thursday, reaching $142.76. The stock had a trading volume of 153,775 shares, compared to its average volume of 87,019. The stock has a fifty day moving average of $138.39 and a 200 day moving average of $133.39. The stock has a market cap of $1.60 billion, a P/E ratio of 19.86 and a beta of 0.44. Bank First National has a 52-week low of $109.11 and a 52-week high of $152.99. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.00 and a current ratio of 1.00.

Bank First National (NASDAQ:BFC) last issued its earnings results on Thursday, April 16th. The company reported $2.24 EPS 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 12.79%. The firm had revenue of $74.28 million during the quarter, compared to analysts’ expectations of $65.70 million. During the same quarter in the prior year, the company earned $1.82 EPS. Sell-side analysts predict that Bank First National will post 9.5 earnings per share for the current year.

Insider Transactions at Bank First National

In other Bank First National news, Director Todd A. Sprang bought 450 shares of Bank First National stock in a transaction dated Wednesday, April 22nd. The stock was acquired at an average cost of $138.96 per share, with a total value of $62,532.00. Following the purchase, the director directly owned 2,015 shares in the company, valued at $280,004.40. This represents a 28.75% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Michael S. Stayer-Suprick bought 225 shares of Bank First National stock in a transaction dated Tuesday, April 21st. The shares were acquired at an average cost of $140.04 per share, with a total value of $31,509.00. Following the completion of the purchase, the director owned 4,597 shares in the company, valued at approximately $643,763.88. This trade represents a 5.15% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 3.42% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. raised its stake in shares of Bank First National by 920.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 204 shares of the company’s stock worth $25,000 after buying an additional 184 shares during the period. Royal Bank of Canada raised its stake in shares of Bank First National by 95.5% during the 4th quarter. Royal Bank of Canada now owns 305 shares of the company’s stock worth $36,000 after buying an additional 149 shares during the period. Caitong International Asset Management Co. Ltd raised its stake in shares of Bank First National by 406.8% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 370 shares of the company’s stock worth $45,000 after buying an additional 297 shares during the period. State of Alaska Department of Revenue acquired a new position in shares of Bank First National during the 3rd quarter worth approximately $48,000. Finally, Russell Investments Group Ltd. acquired a new position in shares of Bank First National during the 3rd quarter worth approximately $94,000. 29.95% of the stock is owned by institutional investors and hedge funds.

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.