Brokerages Set Bank First National Corporation (NASDAQ:BFC) PT at $150.00

Bank First National Corporation (NASDAQ:BFC) has received an average rating of “Buy” from the five analysts that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $150.00.

Several research firms have recently weighed in on BFC. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bank First National in a report on Wednesday, January 21st. Hovde Group upped their target price on Bank First National from $145.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 22nd. Zacks Research raised Bank First National from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 27th. Wall Street Zen upgraded Bank First National from a “sell” rating to a “hold” rating in a research report on Friday, January 23rd. Finally, Scotiabank upgraded shares of Bank First National to a “sector outperform” rating in a research report on Monday, January 26th.

Bank First National Price Performance

BFC stock opened at $148.23 on Thursday. The firm has a 50 day moving average of $130.78 and a 200-day moving average of $127.23. The firm has a market capitalization of $1.46 billion, a P/E ratio of 20.50 and a beta of 0.42. Bank First National has a 12 month low of $93.00 and a 12 month high of $150.00. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.02.

Bank First National (NASDAQ:BFC) last posted its earnings results on Thursday, January 22nd. The company reported $2.00 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.25. Bank First National had a net margin of 29.31% and a return on equity of 11.68%. The business had revenue of $49.68 million for the quarter, compared to analyst estimates of $43.75 million. As a group, sell-side analysts predict that Bank First National will post 6.9 earnings per share for the current fiscal year.

Bank First National Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 25th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.3%. 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. Bank First National’s payout ratio is currently 24.90%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue purchased a new stake in Bank First National during the third quarter valued at about $48,000. CWM LLC raised its holdings in shares of Bank First National by 17.0% during the 2nd quarter. CWM LLC now owns 669 shares of the company’s stock valued at $79,000 after buying an additional 97 shares in the last quarter. Nisa Investment Advisors LLC lifted its position 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 buying an additional 706 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in Bank First National in the 3rd quarter worth approximately $94,000. Finally, BNP Paribas Financial Markets boosted its stake in Bank First National by 22.5% in the second quarter. BNP Paribas Financial Markets now owns 816 shares of the company’s stock worth $96,000 after buying an additional 150 shares in the last quarter. 29.95% of the stock is currently owned by hedge funds and other institutional investors.

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.