Bank First National Corporation (NASDAQ:BFC – Get Free Report) shares crossed below its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $150.24 and traded as low as $147.54. Bank First National shares last traded at $147.89, with a volume of 101,652 shares traded.
Analyst Ratings Changes
BFC has been the topic of a number of recent research reports. Piper Sandler increased their price objective 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 downgraded shares of Bank First National from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 14th. Finally, Weiss Ratings upgraded Bank First National from a “buy (b+)” rating to a “buy (a-)” rating in a report on Friday, October 16th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $163.00.
View Our Latest Research Report on Bank First National
Bank First National Price Performance
The stock’s 50-day moving average is $150.24 and its 200 day moving average is $145.19. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.93 and a quick ratio of 0.93. The company has a market cap of $1.64 billion, a PE ratio of 18.46 and a beta of 0.44.
Bank First National (NASDAQ:BFC – Get Free Report) last announced its earnings results on Tuesday, October 20th. The company reported $2.35 earnings per share for the quarter, missing the consensus estimate of $2.60 by ($0.25). Bank First National had a net margin of 27.38% and a return on equity of 12.89%. The firm had revenue of $75.44 million during the quarter, compared to analyst estimates of $65.80 million. On average, equities analysts anticipate that Bank First National Corporation will post 9.94 earnings per share for the current fiscal year.
Bank First National Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 6th. Stockholders of record on Wednesday, December 23rd will be issued a dividend of $0.65 per share. The ex-dividend date is Wednesday, December 23rd. This represents a $2.60 annualized dividend and a dividend yield of 1.8%. This is a boost from Bank First National’s previous quarterly dividend of $0.60. Bank First National’s dividend payout ratio (DPR) is currently 29.96%.
Insider Buying and Selling at Bank First National
In related news, Director Sistine Peter J. Van sold 1,848 shares of the business’s stock in a transaction on Friday, September 11th. The stock was sold at an average price of $155.57, for a total transaction of $287,493.36. Following the transaction, the director directly owned 7,640 shares in the company, valued at $1,188,554.80. The trade was a 19.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Todd Sprang bought 400 shares of Bank First National stock in a transaction that occurred on Wednesday, October 28th. The shares were acquired at an average cost of $148.37 per share, for a total transaction of $59,348.00. Following the completion of the transaction, the director directly owned 2,431 shares in the company, valued at $360,687.47. This represents a 19.69% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 4.97% of the stock is owned by insiders.
Hedge Funds Weigh In On Bank First National
Several hedge funds have recently modified their holdings of BFC. Ancora Advisors LLC purchased a new position in shares of Bank First National in the 2nd quarter valued at approximately $26,000. Versant Capital Management Inc boosted its stake in Bank First National by 53.8% in the 3rd quarter. Versant Capital Management Inc now owns 200 shares of the company’s stock worth $30,000 after purchasing an additional 70 shares in the last quarter. Johnson Financial Group Inc. purchased a new stake in Bank First National during the 2nd quarter worth approximately $99,000. Ballast Advisors LLC purchased a new stake in Bank First National during the 1st quarter worth approximately $154,000. Finally, Pictet Asset Management Holding SA purchased a new stake in Bank First National during the 1st quarter worth approximately $206,000. Institutional investors and hedge funds own 29.95% of the company’s stock.
Bank First National Company Profile
Bank First National, operating as Bank First Corporation (NASDAQ:BFC), is the holding company for Bank First, a community bank headquartered in Manitowoc, Wisconsin. The bank provides banking services to individuals, families, businesses and municipalities through locations across Wisconsin.
Its products and services include checking and savings accounts, certificates of deposit, consumer loans, residential mortgages, commercial real estate and business lending, agricultural loans, treasury management and online and mobile banking.
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