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

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

Other equities research analysts also recently issued research reports about the stock. Hovde Group upped their price target on shares of Bank First National from $160.00 to $165.00 and gave the company an “outperform” rating in a research report on Thursday, May 21st. Wall Street Zen raised shares of Bank First National from a “strong sell” rating to a “hold” rating in a research note on Saturday, May 16th. Piper Sandler lifted their price objective on shares of Bank First National from $157.00 to $161.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Weiss Ratings downgraded shares of Bank First National from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Thursday, June 4th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $163.00.

Bank First National Trading Up 2.3%

Shares of BFC opened at $150.78 on Thursday. The business’s 50-day moving average price is $144.81 and its 200 day moving average price is $140.74. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $1.68 billion, a P/E ratio of 19.61 and a beta of 0.41. Bank First National has a 1-year low of $115.29 and a 1-year high of $154.29.

Bank First National (NASDAQ:BFC) last posted its quarterly earnings data 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 13.02%. The company had revenue of $75.04 million during the quarter, compared to analyst estimates of $65.25 million. Analysts expect that Bank First National will post 9.91 earnings per share for the current year.

Institutional Trading of Bank First National

A number of hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada lifted its position in shares of Bank First National by 95.5% in 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 in the last quarter. BNP Paribas Financial Markets grew its position in Bank First National by 22.5% during the second quarter. BNP Paribas Financial Markets now owns 816 shares of the company’s stock valued at $96,000 after purchasing an additional 150 shares in the last quarter. Ellsworth Advisors LLC grew its position in Bank First National by 2.5% during the fourth quarter. Ellsworth Advisors LLC now owns 7,199 shares of the company’s stock valued at $934,000 after purchasing an additional 174 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Bank First National by 920.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 204 shares of the company’s stock valued at $25,000 after buying an additional 184 shares during the period. Finally, N.E.W. Advisory Services LLC increased its stake in Bank First National by 4.5% in the 4th quarter. N.E.W. Advisory Services LLC now owns 5,466 shares of the company’s stock valued at $666,000 after buying an additional 237 shares during the period. 29.95% of the stock is owned by hedge funds and other institutional investors.

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.