Hovde Group Increases Bank First National (NASDAQ:BFC) Price Target to $165.00

Bank First National (NASDAQ:BFC) had its price objective upped by stock analysts at Hovde Group from $160.00 to $165.00 in a research report issued to clients and investors on Thursday. The brokerage currently has an “outperform” rating on the stock. Hovde Group’s price objective indicates a potential upside of 15.34% from the company’s current price.

A number of other brokerages have also recently commented on BFC. Scotiabank upgraded shares of Bank First National to a “sector outperform” rating in a research note on Monday, January 26th. Weiss Ratings upgraded Bank First National from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Thursday, April 16th. Piper Sandler increased their target price on Bank First National from $150.00 to $157.00 and gave the stock a “neutral” rating in a report on Monday, April 20th. Zacks Research downgraded Bank First National from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 30th. Finally, Wall Street Zen raised Bank First National from a “strong sell” rating to a “hold” rating in a research note on Saturday, May 16th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Bank First National currently has an average rating of “Moderate Buy” and an average target price of $161.00.

Bank First National Trading Down 0.2%

Shares of BFC stock opened at $143.05 on Thursday. The firm has a fifty day moving average of $139.73 and a 200-day moving average of $134.84. The stock has a market cap of $1.60 billion, a price-to-earnings ratio of 19.90 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 0.03, a quick ratio of 0.94 and a current ratio of 0.94.

Bank First National (NASDAQ:BFC) last issued its earnings results on Thursday, April 16th. The company reported $2.24 earnings per share for the quarter, missing the consensus estimate of $2.40 by ($0.16). The business had revenue of $63.75 million for the quarter, compared to analyst estimates of $65.70 million. Bank First National had a net margin of 27.49% and a return on equity of 11.89%. During the same quarter last year, the firm posted $1.82 earnings per share. On average, equities research analysts forecast that Bank First National will post 9.5 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Michael S. Stayer-Suprick acquired 225 shares of the firm’s stock in a transaction on Tuesday, April 21st. The shares were purchased 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 of the company’s stock, valued at $643,763.88. This represents a 5.15% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Todd A. Sprang acquired 450 shares of the company’s stock in a transaction dated Wednesday, April 22nd. The shares were purchased at an average cost of $138.96 per share, with a total value of $62,532.00. Following the acquisition, the director owned 2,015 shares of the company’s stock, valued at approximately $280,004.40. This represents a 28.75% increase in their position. The disclosure for this purchase is available in the SEC filing. 4.97% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Bank First National

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Bank First National by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 598,817 shares of the company’s stock worth $72,948,000 after purchasing an additional 10,052 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Bank First National by 2,452,855.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 490,591 shares of the company’s stock valued at $59,764,000 after buying an additional 490,571 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Bank First National by 3.5% in the fourth quarter. Geode Capital Management LLC now owns 247,275 shares of the company’s stock valued at $30,127,000 after buying an additional 8,308 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Bank First National by 21.2% during the 1st 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 in the last quarter. Finally, First Trust Advisors LP lifted its position in Bank First National by 9.6% during the 1st 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 in the last quarter. 29.95% of the stock is currently owned by institutional investors.

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.