Shares of Bank First National Corporation (NASDAQ:BFC – Get Free Report) have been given an average recommendation of “Moderate Buy” by the five ratings firms that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $163.00.
A number of research analysts recently commented on BFC shares. Piper Sandler raised their target price on Bank First National from $157.00 to $161.00 and gave the stock a “neutral” rating in a research report on Thursday, July 23rd. Weiss Ratings raised shares of Bank First National from a “buy (b+)” rating to a “buy (a-)” rating in a report on Wednesday. Zacks Research cut shares of Bank First National from a “strong-buy” rating to a “hold” rating in a research note on Monday. Finally, Hovde Group raised their price objective on shares of Bank First National from $160.00 to $165.00 and gave the stock an “outperform” rating in a report on Thursday, May 21st.
Read Our Latest Stock Report on BFC
Insiders Place Their Bets
Hedge Funds Weigh In On Bank First National
A number of hedge funds have recently modified their holdings of BFC. BlackRock Inc. acquired a new stake in shares of Bank First National during the 2nd quarter worth about $121,853,000. Northwestern Mutual Wealth Management Co. grew its stake in Bank First National by 2,452,855.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 490,591 shares of the company’s stock worth $59,764,000 after buying an additional 490,571 shares during the last quarter. J.W. Cole Advisors Inc. bought a new stake in Bank First National during the fourth quarter worth about $6,340,000. Bank of New York Mellon Corp acquired a new stake in shares of Bank First National during the second quarter worth approximately $6,689,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Bank First National by 21.2% during the first quarter. Dimensional Fund Advisors LP now owns 159,678 shares of the company’s stock worth $21,565,000 after buying an additional 27,953 shares in the last quarter. 29.95% of the stock is owned by institutional investors and hedge funds.
Bank First National Trading Up 1.0%
Shares of BFC opened at $152.10 on Friday. The stock’s 50-day moving average price is $152.46 and its 200 day moving average price is $145.21. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of 19.78 and a beta of 0.41. Bank First National has a 12-month low of $119.08 and a 12-month high of $159.10.
Bank First National (NASDAQ:BFC – Get Free Report) last announced its quarterly earnings data on Tuesday, July 21st. The company reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.40 by $0.05. The company had revenue of $65.03 million during the quarter, compared to the consensus estimate of $65.25 million. Bank First National had a return on equity of 12.48% and a net margin of 27.70%. As a group, research analysts predict that Bank First National will post 9.91 earnings per share for the current year.
Bank First National Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Wednesday, September 23rd will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.6%. This is a boost from Bank First National’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Wednesday, September 23rd. Bank First National’s dividend payout ratio (DPR) is currently 31.21%.
Bank First National Company Profile
Bank First National, operating through Bank First Corporation, is a Wisconsin-based community bank that provides banking and financial services to individuals, families, businesses and municipalities. The company offers checking and savings accounts, certificates of deposit, residential mortgages, consumer loans, commercial lending and agricultural financing.
Bank First also provides business banking solutions such as treasury management, cash management, payment services, online and mobile banking, and other commercial financial products.
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