Bank First National (NASDAQ:BFC) Hits New 52-Week High – Here’s What Happened

Bank First National Corporation (NASDAQ:BFC) shares hit a new 52-week high during trading on Monday . The stock 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

A number of equities analysts have recently issued reports on BFC shares. Hovde Group raised their price objective on Bank First National from $145.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 22nd. Piper Sandler increased their target price on shares of Bank First National from $142.00 to $150.00 and gave the company a “neutral” rating in a research report on Monday, January 26th. Scotiabank raised shares of Bank First National to a “sector outperform” rating in a research note on Monday, January 26th. Wall Street Zen raised shares of Bank First National from a “sell” rating to a “hold” rating in a research note on Friday, January 23rd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Bank First National in a report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $150.00.

Bank First National Stock Up 0.2%

The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 21.00 and a beta of 0.42. The stock has a 50 day simple moving average of $131.77 and a 200 day simple moving average of $127.49. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.02.

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

Bank First National Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 25th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.3%. This is a boost from Bank First National’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Wednesday, March 25th. Bank First National’s dividend payout ratio (DPR) is currently 27.66%.

Institutional Investors Weigh In On Bank First National

A number of institutional investors and hedge funds have recently bought and sold shares of BFC. Vanguard Group Inc. grew its stake in shares of Bank First National by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 598,817 shares of the company’s stock worth $72,948,000 after acquiring an additional 10,052 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Bank First National by 2,452,855.0% during 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 during the last quarter. Geode Capital Management LLC grew its position in Bank First National by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 247,275 shares of the company’s stock valued at $30,127,000 after buying an additional 8,308 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Bank First National by 41.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 107,025 shares of the company’s stock worth $12,983,000 after purchasing an additional 31,510 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in Bank First National by 2.0% in the 2nd quarter. American Century Companies Inc. now owns 84,044 shares of the company’s stock valued at $9,888,000 after acquiring an additional 1,619 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.