Bank First National (NASDAQ:BFC) Reaches New 1-Year High – Still a Buy?

Bank First National Corporation (NASDAQ:BFC) shares reached a new 52-week high during trading on Monday . The company traded as high as $152.91 and last traded at $152.8050, with a volume of 12466 shares traded. The stock had previously closed at $151.51.

Analysts Set New Price Targets

BFC has been the topic of several recent analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Bank First National in a report on Wednesday, January 21st. Piper Sandler lifted their price target on shares of Bank First National from $142.00 to $150.00 and gave the company a “neutral” rating in a research note on Monday, January 26th. Hovde Group upped their price objective on Bank First National from $145.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 22nd. Scotiabank raised shares of Bank First National to a “sector outperform” rating in a research report on Monday, January 26th. Finally, Zacks Research raised shares of Bank First National from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 27th. One investment 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $150.00.

Bank First National Trading Up 0.2%

The firm’s fifty day simple moving average is $131.77 and its 200 day simple moving average is $127.49. The stock has a market capitalization of $1.49 billion, a P/E ratio of 21.00 and a beta of 0.42. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.99 and a current ratio of 0.99.

Bank First National (NASDAQ:BFC) last issued its quarterly earnings results on Thursday, January 22nd. The company reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.25. The company had revenue of $49.68 million for the quarter, compared to analyst estimates of $43.75 million. Bank First National had a return on equity of 11.68% and a net margin of 29.31%. As a group, equities research analysts forecast that Bank First National Corporation will post 6.9 EPS for the current fiscal year.

Bank First National Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 25th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, March 25th. This is a boost from Bank First National’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.3%. Bank First National’s payout ratio is presently 27.66%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC boosted its position in Bank First National by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 247,275 shares of the company’s stock worth $30,127,000 after buying an additional 8,308 shares during the period. Jackson Creek Investment Advisors LLC bought a new position in shares of Bank First National during the fourth quarter valued at $398,000. Harbour Investments Inc. lifted its holdings in shares of Bank First National by 11.1% during the fourth quarter. Harbour Investments Inc. now owns 9,402 shares of the company’s stock worth $1,145,000 after purchasing an additional 937 shares during the period. North Star Asset Management Inc. acquired a new position in shares of Bank First National during the fourth quarter worth $235,000. Finally, ProShare Advisors LLC bought a new stake in shares of Bank First National in the fourth quarter worth $202,000. Institutional investors and hedge funds own 29.95% of the company’s stock.

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.