Bank First National Corporation (NASDAQ:BFC – Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $153.15 and last traded at $151.91, with a volume of 61997 shares trading hands. The stock had previously closed at $148.35.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on BFC shares. Piper Sandler lifted their target price on Bank First National from $150.00 to $157.00 and gave the stock a “neutral” rating in a research report on Monday, April 20th. Weiss Ratings cut Bank First National from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Thursday, June 4th. Zacks Research upgraded Bank First National from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 18th. Wall Street Zen raised Bank First National from a “strong sell” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Hovde Group boosted their price objective on Bank First National from $160.00 to $165.00 and gave the company an “outperform” rating in a research note on Thursday, May 21st. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $161.00.
Check Out Our Latest Research Report on Bank First National
Bank First National Stock Up 3.3%
Bank First National (NASDAQ:BFC – Get Free Report) last announced its quarterly earnings data on Thursday, April 16th. The company reported $2.24 EPS for the quarter, missing analysts’ consensus estimates of $2.40 by ($0.16). The firm had revenue of $63.75 million during 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 in the previous year, the business earned $1.82 EPS. On average, sell-side analysts anticipate that Bank First National Corporation will post 9.5 EPS for the current fiscal year.
Bank First National Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 8th. Investors of record on Wednesday, June 24th will be issued a dividend of $0.55 per share. This is an increase from Bank First National’s previous quarterly dividend of $0.50. This represents a $2.20 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Wednesday, June 24th. Bank First National’s payout ratio is presently 30.60%.
Insider Activity at Bank First National
In other news, Director Michael S. Stayer-Suprick purchased 225 shares of the stock in a transaction that occurred on Tuesday, April 21st. The shares were acquired at an average price of $140.04 per share, for a total transaction of $31,509.00. Following the acquisition, the director directly owned 4,597 shares in the company, valued at approximately $643,763.88. The trade was a 5.15% increase in their position. 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 bought 450 shares of the stock in a transaction on Wednesday, April 22nd. The stock was purchased at an average cost of $138.96 per share, for a total transaction of $62,532.00. Following the acquisition, the director directly owned 2,015 shares of the company’s stock, valued at $280,004.40. The trade was a 28.75% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 4.97% of the stock is owned by insiders.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada raised its position in shares of Bank First National by 95.5% in the fourth quarter. Royal Bank of Canada now owns 305 shares of the company’s stock valued at $36,000 after buying an additional 149 shares during the last quarter. BNP Paribas Financial Markets grew its position in Bank First National by 22.5% during the second quarter. BNP Paribas Financial Markets now owns 816 shares of the company’s stock valued at $96,000 after acquiring an additional 150 shares during the period. Ellsworth Advisors LLC increased its position in Bank First National by 2.5% during the 4th 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. Northwestern Mutual Wealth Management Co. grew its stake in Bank First National by 920.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 204 shares of the company’s stock worth $25,000 after buying an additional 184 shares during the period. Finally, N.E.W. Advisory Services LLC grew its stake in Bank First National by 4.5% during the fourth quarter. N.E.W. Advisory Services LLC now owns 5,466 shares of the company’s stock worth $666,000 after buying an additional 237 shares during the period. Institutional investors and hedge funds 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.
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