Bank First National Corporation (NASDAQ:BFC) Receives Consensus Rating of “Buy” from Analysts

Shares of Bank First National Corporation (NASDAQ:BFC) have been assigned an average recommendation of “Buy” from the five analysts that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $163.00.

A number of equities research analysts have recently commented on BFC shares. Zacks Research raised shares of Bank First National from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 23rd. Weiss Ratings lowered shares of Bank First National from a “buy (a-)” rating to a “buy (b+)” rating in a report on Thursday, June 4th. Hovde Group upped their price target on shares of Bank First National from $160.00 to $165.00 and gave the company an “outperform” rating in a research report on Thursday, May 21st. Piper Sandler increased their price target on Bank First National from $157.00 to $161.00 and gave the stock a “neutral” rating in a report on Thursday, July 23rd. Finally, Wall Street Zen raised Bank First National from a “strong sell” rating to a “hold” rating in a research report on Saturday, May 16th.

Bank First National Trading Up 0.4%

Shares of BFC stock opened at $151.78 on Thursday. Bank First National has a 1-year low of $115.29 and a 1-year high of $154.29. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.03. The stock has a market cap of $1.69 billion, a price-to-earnings ratio of 19.74 and a beta of 0.41. The stock has a 50-day moving average of $145.24 and a 200-day moving average of $141.43.

Bank First National (NASDAQ:BFC) last announced its earnings results on Tuesday, July 21st. The company reported $2.45 EPS for the quarter, beating the consensus estimate of $2.40 by $0.05. Bank First National had a return on equity of 13.02% and a net margin of 27.70%.The business had revenue of $75.04 million for the quarter, compared to analysts’ expectations of $65.25 million. On average, equities research analysts forecast that Bank First National 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. Investors of record on Wednesday, September 23rd will be paid a dividend of $0.60 per share. This is an increase from Bank First National’s previous quarterly dividend of $0.55. This represents a $2.40 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Wednesday, September 23rd. Bank First National’s payout ratio is 28.61%.

Institutional Trading of Bank First National

Several hedge funds have recently modified their holdings of BFC. Northwestern Mutual Wealth Management Co. boosted 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 acquiring an additional 184 shares in the last quarter. Royal Bank of Canada increased its stake in 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 purchasing an additional 149 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in shares of Bank First National by 406.8% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 370 shares of the company’s stock valued at $45,000 after purchasing an additional 297 shares during the period. Russell Investments Group Ltd. acquired a new position in shares of Bank First National during the third quarter valued at about $94,000. Finally, BNP Paribas Financial Markets boosted its position in shares of Bank First National by 22.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 816 shares of the company’s stock worth $96,000 after purchasing an additional 150 shares in the last quarter. 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.