Bank First National (NASDAQ:BFC) Upgraded at Zacks Research

Bank First National (NASDAQ:BFC) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Thursday,Zacks.com reports.

Several other equities analysts also recently weighed in on BFC. Piper Sandler raised their price target on Bank First National from $157.00 to $161.00 and gave the company a “neutral” rating in a report on Thursday. Hovde Group upped their price target on shares of Bank First National from $160.00 to $165.00 and gave the stock an “outperform” rating in a research note on Thursday, May 21st. Weiss Ratings downgraded shares of Bank First National from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Thursday, June 4th. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $163.00.

Bank First National Price Performance

Shares of Bank First National stock opened at $150.78 on Thursday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.03. Bank First National has a 52 week low of $115.29 and a 52 week high of $154.29. The company has a market cap of $1.68 billion, a PE ratio of 19.61 and a beta of 0.41. The business has a 50 day moving average of $144.81 and a 200 day moving average of $140.74.

Bank First National (NASDAQ:BFC) last released its earnings results on Tuesday, July 21st. The company reported $2.45 EPS for the quarter, beating analysts’ consensus estimates of $2.40 by $0.05. The company had revenue of $75.04 million during the quarter, compared to analysts’ expectations of $65.25 million. Bank First National had a return on equity of 13.02% and a net margin of 27.70%. As a group, equities research analysts forecast that Bank First National will post 9.91 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in BFC. Northwestern Mutual Wealth Management Co. lifted its position 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 valued at $25,000 after purchasing an additional 184 shares during the period. Royal Bank of Canada grew its position in Bank First National by 95.5% in the 4th quarter. Royal Bank of Canada now owns 305 shares of the company’s stock worth $36,000 after purchasing an additional 149 shares during the period. Caitong International Asset Management Co. Ltd grew its position in Bank First National by 406.8% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 370 shares of the company’s stock worth $45,000 after purchasing an additional 297 shares during the period. Russell Investments Group Ltd. purchased a new stake in Bank First National during the 3rd quarter valued at $94,000. Finally, BNP Paribas Financial Markets raised its stake in Bank First National by 22.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 816 shares of the company’s stock valued at $96,000 after buying an additional 150 shares during the last quarter. 29.95% of the stock is owned by hedge funds and other institutional investors.

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.