Bank First National (NASDAQ:BFC) Reaches New 1-Year High – Here’s What Happened

Bank First National Corporation (NASDAQ:BFC)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $153.15 and last traded at $151.91, with a volume of 61997 shares. The stock had previously closed at $148.35.

Analyst Ratings Changes

A number of research analysts have issued reports on BFC shares. Weiss Ratings lowered shares of Bank First National from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Thursday, June 4th. Wall Street Zen upgraded shares of Bank First National from a “strong sell” rating to a “hold” rating in a research note on Saturday, May 16th. Piper Sandler lifted their price target on Bank First National from $150.00 to $157.00 and gave the company a “neutral” rating in a report on Monday, April 20th. Hovde Group boosted their price objective on Bank First National from $160.00 to $165.00 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. Finally, Zacks Research raised Bank First National from a “strong sell” rating to a “hold” rating in a report on Thursday, June 18th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Bank First National currently has an average rating of “Moderate Buy” and an average target price of $161.00.

Bank First National Price Performance

The company has a market cap of $1.69 billion, a price-to-earnings ratio of 21.11 and a beta of 0.41. 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 business has a 50-day moving average price of $143.63 and a 200 day moving average price of $138.66.

Bank First National (NASDAQ:BFC) last announced its earnings results on Thursday, April 16th. The company reported $2.24 EPS for the quarter, missing the consensus estimate 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 return on equity of 11.89% and a net margin of 27.49%.During the same quarter in the previous year, the business earned $1.82 earnings per share. As a group, research analysts expect that Bank First National Corporation will post 9.5 earnings per share for the current fiscal year.

Bank First National Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 8th. Shareholders of record on Wednesday, June 24th will be given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 1.4%. The ex-dividend date is Wednesday, June 24th. This is a positive change from Bank First National’s previous quarterly dividend of $0.50. Bank First National’s dividend payout ratio is presently 30.60%.

Insider Buying and Selling at Bank First National

In other Bank First National news, Director Michael S. Stayer-Suprick bought 225 shares of Bank First National stock in a transaction dated Tuesday, April 21st. The stock was bought at an average price of $140.04 per share, for a total transaction of $31,509.00. Following the completion of the acquisition, the director directly owned 4,597 shares of the company’s stock, valued at approximately $643,763.88. This trade represents a 5.15% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Todd A. Sprang bought 450 shares of the firm’s stock in a transaction dated Wednesday, April 22nd. The stock was acquired at an average cost of $138.96 per share, with a total value of $62,532.00. Following the transaction, the director owned 2,015 shares of the company’s stock, valued at $280,004.40. This trade represents a 28.75% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 4.97% of the stock is owned by insiders.

Institutional Investors Weigh In On Bank First National

Institutional investors have recently bought and sold shares of the business. AQR Capital Management LLC lifted its position in shares of Bank First National by 102.9% in the first quarter. AQR Capital Management LLC now owns 17,100 shares of the company’s stock worth $1,723,000 after purchasing an additional 8,672 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Bank First National by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,756 shares of the company’s stock valued at $580,000 after buying an additional 250 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Bank First National by 58.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 20,843 shares of the company’s stock valued at $2,100,000 after buying an additional 7,656 shares during the period. Jane Street Group LLC lifted its position in Bank First National by 194.8% in the 1st quarter. Jane Street Group LLC now owns 10,962 shares of the company’s stock worth $1,104,000 after buying an additional 7,244 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in Bank First National by 5.1% in the 2nd quarter. First Trust Advisors LP now owns 6,363 shares of the company’s stock worth $749,000 after buying an additional 309 shares in the last quarter. 29.95% of the stock is currently owned by institutional investors and hedge funds.

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.