Bank First National (NASDAQ:BFC) Sees Unusually-High Trading Volume – Time to Buy?

Bank First National Corporation (NASDAQ:BFC) saw an uptick in trading volume on Thursday . 57,494 shares were traded during mid-day trading, a decline of 37% from the previous session’s volume of 91,240 shares.The stock last traded at $152.1050 and had previously closed at $151.04.

Analyst Upgrades and Downgrades

BFC has been the topic of a number of research reports. Hovde Group raised their target price on shares of Bank First National from $160.00 to $165.00 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. Weiss Ratings upgraded Bank First National from a “buy (b+)” rating to a “buy (a-)” rating in a report on Tuesday, August 11th. Zacks Research raised Bank First National from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 23rd. Piper Sandler raised their price objective 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 upgraded Bank First National from a “strong sell” rating to a “hold” rating in a report on Saturday, May 16th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $163.00.

Bank First National Trading Up 0.3%

The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.93 and a current ratio of 0.93. The company’s fifty day simple moving average is $149.89 and its 200-day simple moving average is $144.07. The company has a market capitalization of $1.69 billion, a P/E ratio of 19.86 and a beta of 0.41.

Bank First National (NASDAQ:BFC) last posted 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. Bank First National had a net margin of 27.70% and a return on equity of 12.48%. The business had revenue of $65.03 million for the quarter, compared to the consensus estimate of $65.25 million. Research analysts predict 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 disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Wednesday, September 23rd will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Wednesday, September 23rd. This is a positive change from Bank First National’s previous quarterly dividend of $0.55. This represents a $2.40 annualized dividend and a yield of 1.6%. Bank First National’s dividend payout ratio is 28.61%.

Hedge Funds Weigh In On Bank First National

Large investors have recently bought and sold shares of the business. BlackRock Inc. bought a new stake in Bank First National during the 2nd quarter valued at $121,853,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Bank First National by 2,452,855.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 490,591 shares of the company’s stock worth $59,764,000 after acquiring an additional 490,571 shares in the last quarter. J.W. Cole Advisors Inc. bought a new position in shares of Bank First National in the 4th quarter worth $6,340,000. Bank of New York Mellon Corp purchased a new stake in shares of Bank First National during the 2nd quarter worth $6,689,000. Finally, First Trust Advisors LP lifted its stake in shares of Bank First National by 112.1% during the 4th quarter. First Trust Advisors LP now owns 66,620 shares of the company’s stock worth $8,116,000 after purchasing an additional 35,214 shares during 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.