Bank First National (NASDAQ:BFC) Sees Unusually-High Trading Volume – What’s Next?

Bank First National Corporation (NASDAQ:BFC) shares saw an uptick in trading volume on Friday . 56,717 shares were traded during trading, a decline of 38% from the previous session’s volume of 92,126 shares.The stock last traded at $153.2350 and had previously closed at $153.21.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Weiss Ratings lowered Bank First National from a “buy (a-)” rating to a “buy (b+)” rating in a report on Thursday, June 4th. Wall Street Zen raised Bank First National from a “strong sell” rating to a “hold” rating in a report on Saturday, May 16th. Piper Sandler lifted their target price on Bank First National from $150.00 to $157.00 and gave the stock a “neutral” rating in a report on Monday, April 20th. Hovde Group boosted their price target on shares of Bank First National from $160.00 to $165.00 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. Finally, Zacks Research raised shares of Bank First National from a “strong sell” rating to a “hold” rating in a report on Thursday, June 18th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $161.00.

Bank First National Stock Down 2.5%

The company has a debt-to-equity ratio of 0.03, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market capitalization of $1.67 billion, a P/E ratio of 20.82 and a beta of 0.41. The stock’s fifty day moving average is $144.43 and its two-hundred day moving average is $139.84.

Bank First National (NASDAQ:BFC) last posted its quarterly earnings results on Thursday, April 16th. The company reported $2.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.40 by ($0.16). Bank First National had a net margin of 27.49% and a return on equity of 11.89%. The company had revenue of $63.75 million during the quarter, compared to the consensus estimate of $65.70 million. During the same period in the prior year, the company posted $1.82 EPS. As a group, research analysts predict that Bank First National Corporation will post 9.69 earnings per share for the current fiscal year.

Insider Buying and Selling at Bank First National

In related news, Director Michael S. Stayer-Suprick bought 225 shares of the firm’s stock in a transaction that occurred on Tuesday, April 21st. The shares were acquired at an average cost of $140.04 per share, for a total transaction of $31,509.00. Following the acquisition, the director directly owned 4,597 shares of the company’s stock, valued at $643,763.88. The trade was a 5.15% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Todd A. Sprang bought 450 shares of the firm’s stock in a transaction that occurred on Wednesday, April 22nd. The stock was bought at an average price of $138.96 per share, for a total transaction of $62,532.00. Following the completion of the acquisition, the director directly owned 2,015 shares in the company, valued at approximately $280,004.40. The trade was a 28.75% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 4.97% of the company’s stock.

Hedge Funds Weigh In On Bank First National

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in Bank First National by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 598,817 shares of the company’s stock worth $72,948,000 after buying an additional 10,052 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in Bank First National by 2,452,855.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 490,591 shares of the company’s stock valued at $59,764,000 after buying an additional 490,571 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Bank First National by 3.5% in the fourth 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. Dimensional Fund Advisors LP boosted its holdings in shares of Bank First National by 21.2% in the first quarter. Dimensional Fund Advisors LP now owns 159,678 shares of the company’s stock worth $21,565,000 after buying an additional 27,953 shares during the period. Finally, First Trust Advisors LP increased its position in shares of Bank First National by 9.6% in the first quarter. First Trust Advisors LP now owns 73,036 shares of the company’s stock worth $9,864,000 after acquiring an additional 6,416 shares in the last quarter. Institutional investors and hedge funds own 29.95% of the company’s stock.

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.