Bank First National (NASDAQ:BFC) Sees Large Volume Increase – Still a Buy?

Bank First National Corporation (NASDAQ:BFC) saw strong trading volume on Wednesday . 42,109 shares changed hands during trading, a decline of 19% from the previous session’s volume of 51,738 shares.The stock last traded at $124.01 and had previously closed at $123.14.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Bank First National in a research note on Wednesday, October 8th. Hovde Group raised their target price on shares of Bank First National from $145.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 22nd. Finally, Piper Sandler upped their price target on shares of Bank First National from $137.00 to $142.00 and gave the company a “neutral” rating in a research report on Thursday, October 23rd. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $146.00.

Bank First National Stock Down 0.1%

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 firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 18.23 and a beta of 0.42. The firm has a fifty day moving average price of $126.80 and a 200 day moving average price of $125.70.

Bank First National (NASDAQ:BFC) last released its earnings results on Friday, November 7th. The company reported $1.91 EPS for the quarter. Bank First National had a return on equity of 11.28% and a net margin of 29.34%.The company had revenue of $44.21 million during the quarter. As a group, sell-side analysts expect that Bank First National Corporation will post 6.9 EPS for the current fiscal year.

Bank First National Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 7th. Shareholders of record on Wednesday, December 24th were issued a $0.45 dividend. The ex-dividend date of this dividend was Wednesday, December 24th. This represents a $1.80 dividend on an annualized basis and a yield of 1.4%. Bank First National’s dividend payout ratio (DPR) is 25.32%.

Hedge Funds Weigh In On Bank First National

Hedge funds have recently bought and sold shares of the company. Ellsworth Advisors LLC boosted its position in Bank First National by 2.5% during the fourth quarter. Ellsworth Advisors LLC now owns 7,199 shares of the company’s stock worth $934,000 after purchasing an additional 174 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Bank First National by 87.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 26,452 shares of the company’s stock valued at $3,209,000 after acquiring an additional 12,306 shares during the last quarter. Caxton Associates LLP purchased a new stake in shares of Bank First National in the third quarter valued at about $241,000. Dark Forest Capital Management LP acquired a new position in shares of Bank First National during the 3rd quarter worth approximately $2,148,000. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in Bank First National in the 3rd quarter valued at approximately $408,000. 29.95% of the stock is owned by hedge funds and other 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.