Bank First National (NASDAQ:BFC) Stock Rating Lowered by Zacks Research

Bank First National (NASDAQ:BFC) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Thursday,Zacks.com reports.

BFC has been the topic of a number of other research reports. Weiss Ratings reissued a “buy (b)” rating on shares of Bank First National in a report on Wednesday, January 21st. Piper Sandler increased their price objective on Bank First National from $142.00 to $150.00 and gave the stock a “neutral” rating in a research report on Monday, January 26th. Wall Street Zen lowered Bank First National from a “hold” rating to a “sell” rating in a report on Saturday, February 14th. Finally, Scotiabank raised Bank First National to a “sector outperform” rating in a report on Monday, January 26th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $150.00.

Bank First National Trading Down 0.5%

BFC opened at $131.93 on Thursday. 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. The business’s 50 day moving average is $139.06 and its two-hundred day moving average is $131.00. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of 18.25 and a beta of 0.43.

Bank First National (NASDAQ:BFC) last announced its earnings results on Thursday, January 22nd. The company reported $2.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.25. Bank First National had a net margin of 29.31% and a return on equity of 11.61%. The business had revenue of $49.68 million for the quarter, compared to analyst estimates of $43.75 million. On average, research analysts predict that Bank First National will post 6.9 EPS for the current year.

Insider Activity

In related news, Director Steven M. Eldred sold 8,000 shares of the firm’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $145.02, for a total value of $1,160,160.00. Following the completion of the sale, the director owned 133,680 shares in the company, valued at $19,386,273.60. This trade represents a 5.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.42% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in BFC. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Bank First National by 920.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 204 shares of the company’s stock worth $25,000 after acquiring an additional 184 shares in the last quarter. Royal Bank of Canada raised its holdings in Bank First National by 95.5% during the fourth 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 last quarter. Caitong International Asset Management Co. Ltd boosted its position in Bank First National by 406.8% during the fourth 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 in the last quarter. State of Alaska Department of Revenue purchased a new stake in Bank First National during the third quarter worth $48,000. Finally, Russell Investments Group Ltd. acquired a new stake in Bank First National in the third quarter valued at $94,000. 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.