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

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

BFC has been the topic of a number of recent analyst reports. Scotiabank raised shares of Bank First National to a “sector outperform” rating in a research report on Monday, January 26th. Zacks Research raised shares of Bank First National from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 27th. Weiss Ratings reiterated a “buy (b)” rating on shares of Bank First National in a research note on Wednesday, January 21st. Piper Sandler increased their target price on Bank First National from $142.00 to $150.00 and gave the company a “neutral” rating in a report on Monday, January 26th. Finally, Wall Street Zen downgraded Bank First National from a “hold” rating to a “sell” rating in a report on Saturday, February 14th.

Insider Transactions at Bank First National

In related news, Director Steven M. Eldred sold 8,000 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $145.02, for a total value of $1,160,160.00. Following the completion of the transaction, the director directly owned 133,680 shares of the company’s stock, valued at $19,386,273.60. This represents a 5.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.42% of the stock is owned by company insiders.

Institutional Trading of Bank First National

Several institutional investors have recently modified their holdings of the stock. Principal Financial Group Inc. purchased a new position in shares of Bank First National in the 3rd quarter valued at $2,495,000. Osaic Holdings Inc. lifted its position in Bank First National by 177.1% in the second quarter. Osaic Holdings Inc. now owns 14,292 shares of the company’s stock valued at $1,682,000 after acquiring an additional 9,135 shares during the last quarter. Citigroup Inc. lifted its position in Bank First National by 299.4% in the third quarter. Citigroup Inc. now owns 17,151 shares of the company’s stock valued at $2,081,000 after acquiring an additional 12,857 shares during the last quarter. Rafferty Asset Management LLC acquired a new position in Bank First National in the third quarter valued at $2,993,000. Finally, Quantbot Technologies LP acquired a new position in Bank First National in the third quarter valued at $713,000. Hedge funds and other institutional investors own 29.95% of the company’s stock.

Bank First National Stock Performance

Shares of BFC opened at $134.23 on Friday. Bank First National has a 1 year low of $93.00 and a 1 year high of $152.99. The stock has a market capitalization of $1.50 billion, a PE ratio of 18.57 and a beta of 0.43. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a 50-day simple moving average of $138.29 and a 200-day simple moving average of $130.87.

Bank First National (NASDAQ:BFC) last released 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 11.61%. The firm had revenue of $49.68 million for the quarter, compared to analyst estimates of $43.75 million. On average, analysts predict that Bank First National will post 6.9 earnings per share for the current fiscal year.

Bank First National Increases Dividend

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

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.