Bank First National (NASDAQ:BFC) Hits New 12-Month High – What’s Next?

Bank First National Corporation (NASDAQ:BFC)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $158.25 and last traded at $157.92, with a volume of 2061 shares changing hands. The stock had previously closed at $156.93.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on BFC. Hovde Group boosted their price objective on Bank First National from $160.00 to $165.00 and gave the stock an “outperform” rating in a report on Thursday, May 21st. Piper Sandler raised their target price on shares of Bank First National from $157.00 to $161.00 and gave the company a “neutral” rating in a research note on Thursday, July 23rd. Zacks Research upgraded shares of Bank First National from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 23rd. Weiss Ratings cut shares of Bank First National from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Thursday, June 4th. Finally, Wall Street Zen raised shares of Bank First National from a “strong sell” rating to a “hold” rating in a report on Saturday, May 16th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Bank First National has an average rating of “Buy” and an average price target of $163.00.

Bank First National Stock Performance

The company has a 50 day simple moving average of $147.74 and a 200-day simple moving average of $143.13. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market cap of $1.74 billion, a P/E ratio of 20.40 and a beta of 0.41.

Bank First National (NASDAQ:BFC) last announced its quarterly earnings data on Tuesday, July 21st. The company reported $2.45 EPS for the quarter, beating the consensus estimate of $2.40 by $0.05. The firm had revenue of $65.03 million for the quarter, compared to analyst estimates of $65.25 million. Bank First National had a return on equity of 13.02% and a net margin of 27.70%. On average, equities analysts expect that Bank First National Corporation will post 9.91 earnings per share for the current fiscal year.

Bank First National Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 23rd will be given a dividend of $0.60 per share. The ex-dividend date is Wednesday, September 23rd. This is an increase from Bank First National’s previous quarterly dividend of $0.55. This represents a $2.40 dividend on an annualized basis and a yield of 1.5%. Bank First National’s dividend payout ratio (DPR) is 31.21%.

Institutional Investors Weigh In On Bank First National

A number of hedge funds have recently made changes to their positions in BFC. AQR Capital Management LLC grew its holdings in shares of Bank First National by 102.9% during the 1st quarter. AQR Capital Management LLC now owns 17,100 shares of the company’s stock valued at $1,723,000 after purchasing an additional 8,672 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Bank First National by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,756 shares of the company’s stock worth $580,000 after purchasing an additional 250 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Bank First National by 58.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 20,843 shares of the company’s stock worth $2,100,000 after purchasing an additional 7,656 shares during the last quarter. Jane Street Group LLC boosted its position in Bank First National by 194.8% during the first quarter. Jane Street Group LLC now owns 10,962 shares of the company’s stock valued at $1,104,000 after buying an additional 7,244 shares during the period. Finally, First Trust Advisors LP boosted its position in Bank First National by 5.1% during the second quarter. First Trust Advisors LP now owns 6,363 shares of the company’s stock valued at $749,000 after buying an additional 309 shares during the period. 29.95% of the stock is currently owned by 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.