Bank First National Corporation (BFC) – What Are Brokerages Thinking About This Stock?

Bank First National Corporation (NASDAQ:BFC) has been assigned an average recommendation of “Moderate Buy” from the five ratings firms that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $163.00.

BFC has been the topic of a number of recent research reports. Weiss Ratings downgraded shares of Bank First National from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Friday, October 2nd. Piper Sandler boosted their price target on shares of Bank First National from $157.00 to $161.00 and gave the company a “neutral” rating in a report on Thursday, July 23rd. Finally, Zacks Research cut shares of Bank First National from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 14th.

Insider Buying and Selling at Bank First National

In related news, Director Sistine Peter J. Van sold 1,848 shares of the company’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $155.57, for a total value of $287,493.36. Following the sale, the director owned 7,640 shares of the company’s stock, valued at $1,188,554.80. The trade was a 19.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 4.97% of the company’s stock.

Institutional Investors Weigh In On Bank First National

A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new stake in Bank First National during the 2nd quarter worth $121,853,000. Bank of New York Mellon Corp bought a new stake in shares of Bank First National during the 2nd quarter valued at $6,689,000. Legacy Private Trust Co. lifted its stake in shares of Bank First National by 1,048.3% in the 3rd quarter. Legacy Private Trust Co. now owns 40,420 shares of the company’s stock valued at $6,015,000 after purchasing an additional 36,900 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Bank First National by 21.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 159,678 shares of the company’s stock valued at $21,565,000 after purchasing an additional 27,953 shares during the period. Finally, N.E.W. Advisory Services LLC acquired a new position in shares of Bank First National in the 2nd quarter valued at $2,447,000. 29.95% of the stock is owned by institutional investors and hedge funds.

Bank First National Price Performance

Shares of BFC stock opened at $145.41 on Tuesday. The stock has a 50 day moving average of $152.86 and a two-hundred day moving average of $146.75. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.03. Bank First National has a 12 month low of $119.08 and a 12 month high of $159.10. The company has a market capitalization of $1.61 billion, a P/E ratio of 18.91 and a beta of 0.42.

Bank First National (NASDAQ:BFC) last released its quarterly earnings data on Tuesday, July 21st. The company reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.40 by $0.05. The business had revenue of $65.03 million for the quarter, compared to analysts’ expectations of $65.25 million. Bank First National had a return on equity of 12.48% and a net margin of 27.70%. As a group, equities analysts expect that Bank First National will post 9.91 EPS for the current year.

Bank First National Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 7th. Stockholders of record on Wednesday, September 23rd were given a dividend of $0.60 per share. This is an increase from Bank First National’s previous quarterly dividend of $0.55. The ex-dividend date was Wednesday, September 23rd. This represents a $2.40 annualized dividend and a dividend yield of 1.7%. Bank First National’s dividend payout ratio (DPR) is presently 31.21%.

Bank First National Company Profile

Bank First Corporation is a Wisconsin-based bank holding company that operates through its subsidiary, Bank First. Headquartered in Manitowoc, Wisconsin, the institution provides banking services to individuals, families, businesses and municipal customers throughout eastern Wisconsin.

Bank First offers deposit accounts, consumer and business loans, mortgage lending, cash-management and treasury services, online and mobile banking, credit and debit cards, and other personal and commercial banking products.