Bank First National Corporation (NASDAQ:BFC) Stock Has Consensus Price Target of $163.00

Shares of Bank First National Corporation (NASDAQ:BFC) have been given an average recommendation of “Moderate Buy” by the five analysts that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $163.00.

Several analysts recently issued reports on BFC shares. Piper Sandler lifted their price target on shares of Bank First National from $157.00 to $161.00 and gave the company a “neutral” rating in a research report on Thursday, July 23rd. Weiss Ratings upgraded shares of Bank First National from a “buy (b+)” rating to a “buy (a-)” rating in a report on Friday, October 16th. Finally, Zacks Research lowered shares of Bank First National from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 14th.

Bank First National Trading Down 1.1%

Shares of Bank First National stock opened at $149.03 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.93 and a current ratio of 0.93. Bank First National has a 52 week low of $119.08 and a 52 week high of $159.10. The stock has a 50 day moving average price of $150.40 and a two-hundred day moving average price of $144.94. The stock has a market capitalization of $1.65 billion, a PE ratio of 18.61 and a beta of 0.42.

Bank First National (NASDAQ:BFC) last issued its earnings results on Tuesday, October 20th. The company reported $2.35 earnings per share for the quarter, missing analysts’ consensus estimates of $2.60 by ($0.25). Bank First National had a return on equity of 12.89% and a net margin of 27.38%. The firm had revenue of $75.44 million for the quarter, compared to analyst estimates of $65.80 million. As a group, equities analysts anticipate that Bank First National will post 9.94 earnings per share for the current fiscal year.

Bank First National Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 6th. Stockholders of record on Wednesday, December 23rd will be given a dividend of $0.65 per share. The ex-dividend date of this dividend is Wednesday, December 23rd. This is a boost from Bank First National’s previous quarterly dividend of $0.60. This represents a $2.60 annualized dividend and a dividend yield of 1.7%. Bank First National’s payout ratio is presently 29.96%.

Insider Transactions at Bank First National

In related news, Director Sistine Peter J. Van sold 1,848 shares of the firm’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 transaction, the director owned 7,640 shares of the company’s stock, valued at approximately $1,188,554.80. This trade represents a 19.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Todd Sprang purchased 400 shares of the company’s stock in a transaction that occurred on Wednesday, October 28th. The stock was acquired at an average cost of $148.37 per share, for a total transaction of $59,348.00. Following the transaction, the director owned 2,431 shares in the company, valued at $360,687.47. This represents a 19.69% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 4.97% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Ancora Advisors LLC purchased a new stake in shares of Bank First National in the second quarter valued at about $26,000. Versant Capital Management Inc boosted its holdings in Bank First National by 53.8% during the third quarter. Versant Capital Management Inc now owns 200 shares of the company’s stock worth $30,000 after purchasing an additional 70 shares during the last quarter. Johnson Financial Group Inc. purchased a new position in Bank First National during the second quarter worth about $99,000. Ballast Advisors LLC bought a new stake in Bank First National in the 1st quarter worth about $154,000. Finally, Pictet Asset Management Holding SA bought a new stake in Bank First National in the 1st quarter worth about $206,000. Institutional investors own 29.95% of the company’s stock.

About Bank First National

Bank First National, operating as Bank First Corporation (NASDAQ:BFC), is the holding company for Bank First, a community bank headquartered in Manitowoc, Wisconsin. The bank provides banking services to individuals, families, businesses and municipalities through locations across Wisconsin.

Its products and services include checking and savings accounts, certificates of deposit, consumer loans, residential mortgages, commercial real estate and business lending, agricultural loans, treasury management and online and mobile banking.