Wall Street Zen Upgrades Bank First National (NASDAQ:BFC) to “Hold”

Bank First National (NASDAQ:BFC) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Friday.

A number of other equities research analysts have also weighed in on BFC. Piper Sandler boosted their price target on Bank First National from $137.00 to $142.00 and gave the stock a “neutral” rating in a research note on Thursday, October 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Bank First National in a report on Wednesday. Finally, Hovde Group raised 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. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $146.00.

Bank First National Stock Up 1.1%

NASDAQ:BFC traded up $1.50 during midday trading on Friday, reaching $137.32. 169,262 shares of the stock traded hands, compared to its average volume of 44,060. Bank First National has a 12-month low of $93.00 and a 12-month high of $142.12. The business has a 50-day moving average of $127.76 and a two-hundred day moving average of $126.16. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a market capitalization of $1.35 billion, a PE ratio of 18.99 and a beta of 0.42.

Bank First National (NASDAQ:BFC) last released its quarterly earnings results on Thursday, January 22nd. The company reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.25. The business had revenue of $49.68 million for the quarter, compared to analyst estimates of $43.75 million. Bank First National had a net margin of 29.31% and a return on equity of 11.68%. On average, equities analysts forecast that Bank First National will post 6.9 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BFC. Dimensional Fund Advisors LP raised its holdings in Bank First National by 41.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 107,025 shares of the company’s stock worth $12,983,000 after purchasing an additional 31,510 shares during the period. First Trust Advisors LP increased its position in shares of Bank First National by 393.6% in the third quarter. First Trust Advisors LP now owns 31,406 shares of the company’s stock valued at $3,810,000 after buying an additional 25,043 shares in the last quarter. Rafferty Asset Management LLC acquired a new position in shares of Bank First National during the 3rd quarter worth approximately $2,993,000. Jane Street Group LLC lifted its position in shares of Bank First National by 212.7% during the 2nd quarter. Jane Street Group LLC now owns 34,276 shares of the company’s stock valued at $4,033,000 after buying an additional 23,314 shares in the last quarter. Finally, UBS Group AG lifted its position in shares of Bank First National by 211.8% during the 3rd quarter. UBS Group AG now owns 33,275 shares of the company’s stock valued at $4,037,000 after buying an additional 22,604 shares in the last quarter. Hedge funds and other institutional investors own 29.95% of the company’s stock.

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.