Bank First National Corporation (NASDAQ:BFC – Get Free Report) shares hit a new 52-week high on Thursday . The company traded as high as $157.01 and last traded at $156.31, with a volume of 83663 shares. The stock had previously closed at $156.08.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on BFC shares. Zacks Research upgraded shares of Bank First National from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 23rd. Hovde Group upped their price target on Bank First National from $160.00 to $165.00 and gave the stock an “outperform” rating in a research note on Thursday, May 21st. Wall Street Zen raised Bank First National from a “strong sell” rating to a “hold” rating in a research report on Saturday, May 16th. Piper Sandler lifted their price objective on Bank First National from $157.00 to $161.00 and gave the company a “neutral” rating in a research note on Thursday, July 23rd. Finally, Weiss Ratings downgraded Bank First National from a “buy (a-)” rating to a “buy (b+)” rating in a report on Thursday, June 4th. One research 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. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $163.00.
Get Our Latest Research Report on BFC
Bank First National Trading Down 1.0%
Bank First National (NASDAQ:BFC – Get Free Report) last announced its quarterly earnings results on Tuesday, July 21st. The company reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.40 by $0.05. Bank First National had a net margin of 27.70% and a return on equity of 13.02%. The company had revenue of $65.03 million during the quarter, compared to the consensus estimate of $65.25 million. As a group, equities research analysts forecast that Bank First National Corporation will post 9.91 earnings per share for the current year.
Bank First National Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 23rd will be paid a dividend of $0.60 per share. The ex-dividend date is Wednesday, September 23rd. This represents a $2.40 annualized dividend and a yield of 1.6%. This is a positive change from Bank First National’s previous quarterly dividend of $0.55. Bank First National’s dividend payout ratio (DPR) is 28.61%.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of BFC. BlackRock Inc. bought a new position in shares of Bank First National during the second quarter valued at $121,853,000. Deutsche Bank AG bought a new stake in Bank First National in the 2nd quarter worth about $1,543,000. N.E.W. Advisory Services LLC purchased a new position in Bank First National in the 2nd quarter worth about $2,447,000. Bank of New York Mellon Corp purchased a new position in Bank First National in the 2nd quarter worth about $6,689,000. Finally, Annex Advisory Services LLC bought a new position in Bank First National during the 2nd quarter valued at about $1,111,000. Hedge funds and other institutional investors own 29.95% of the company’s stock.
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.
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