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

Shares of Bank First National Corporation (NASDAQ:BFC) have received an average recommendation of “Buy” from the five analysts that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $150.00.

Several analysts recently commented on BFC shares. Zacks Research upgraded shares of Bank First National from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 27th. Weiss Ratings reissued a “buy (b)” rating on shares of Bank First National in a research report on Wednesday, January 21st. Scotiabank raised shares of Bank First National to a “sector outperform” rating in a report on Monday, January 26th. Wall Street Zen cut shares of Bank First National from a “hold” rating to a “sell” rating in a report on Saturday, February 14th. Finally, Piper Sandler raised their price target on Bank First National from $142.00 to $150.00 and gave the stock a “neutral” rating in a report on Monday, January 26th.

Bank First National Trading Up 1.7%

NASDAQ:BFC opened at $134.23 on Friday. The stock’s 50 day moving average price is $138.29 and its 200 day moving average price is $130.87. The company has a market capitalization of $1.50 billion, a PE ratio of 18.57 and a beta of 0.43. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.02. Bank First National has a 52-week low of $93.00 and a 52-week high of $152.99.

Bank First National (NASDAQ:BFC) last released its quarterly earnings results on Thursday, January 22nd. The company reported $2.00 EPS for the quarter, topping 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 11.61% and a net margin of 29.31%. On average, research analysts anticipate that Bank First National will post 6.9 EPS for the current year.

Bank First National Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Wednesday, March 25th will be given a $0.50 dividend. This is a positive change from Bank First National’s previous quarterly dividend of $0.45. The ex-dividend date is Wednesday, March 25th. This represents a $2.00 dividend on an annualized basis and a yield of 1.5%. Bank First National’s payout ratio is 24.90%.

Insider Transactions at Bank First National

In other Bank First National news, Director Steven M. Eldred sold 8,000 shares of the company’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $145.02, for a total transaction of $1,160,160.00. Following the completion of the transaction, the director owned 133,680 shares in the company, valued at approximately $19,386,273.60. This represents a 5.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.42% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Bank First National by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 598,817 shares of the company’s stock worth $72,948,000 after purchasing an additional 10,052 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in 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 valued at $59,764,000 after purchasing an additional 490,571 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Bank First National by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 247,275 shares of the company’s stock valued at $30,127,000 after purchasing an additional 8,308 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Bank First National by 23.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 131,725 shares of the company’s stock worth $16,048,000 after purchasing an additional 24,700 shares during the period. Finally, American Century Companies Inc. increased its position in Bank First National by 2.0% during the 2nd quarter. American Century Companies Inc. now owns 84,044 shares of the company’s stock worth $9,888,000 after purchasing an additional 1,619 shares during the period. 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.