Bank First National (NASDAQ:BFC) Rating Lowered to “Sell” at Wall Street Zen

Bank First National (NASDAQ:BFC) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday.

Several other equities analysts have also recently issued reports on BFC. Piper Sandler lifted their price objective on Bank First National from $142.00 to $150.00 and gave the stock a “neutral” rating in a report on Monday, January 26th. Zacks Research raised Bank First National from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 27th. Weiss Ratings reissued a “buy (b)” rating on shares of Bank First National in a research note on Wednesday, January 21st. Scotiabank upgraded shares of Bank First National to a “sector outperform” rating in a report on Monday, January 26th. Finally, Hovde Group upped their price target on shares of Bank First National from $145.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $150.00.

Bank First National Stock Up 0.6%

Shares of NASDAQ BFC opened at $146.00 on Friday. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of 20.19 and a beta of 0.42. Bank First National has a 52 week low of $93.00 and a 52 week high of $152.99. The firm has a 50-day moving average price of $133.73 and a 200 day moving average price of $128.22. 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 posted its quarterly earnings results on Thursday, January 22nd. The company reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.25. The company had revenue of $49.68 million during the quarter, compared to the consensus estimate of $43.75 million. Bank First National had a net margin of 29.31% and a return on equity of 11.68%. Equities research analysts anticipate that Bank First National will post 6.9 EPS for the current fiscal year.

Insider Activity at Bank First National

In other news, Director Steven M. Eldred sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $151.95, for a total value of $1,215,600.00. Following the completion of the transaction, the director owned 125,680 shares of the company’s stock, valued at $19,097,076. The trade was a 5.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 3.42% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Kestra Advisory Services LLC acquired a new stake in shares of Bank First National during the fourth quarter worth $98,000. First Trust Advisors LP boosted its stake in Bank First National by 112.1% in the 4th quarter. First Trust Advisors LP now owns 66,620 shares of the company’s stock worth $8,116,000 after buying an additional 35,214 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Bank First National by 10.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 18,973 shares of the company’s stock worth $2,311,000 after buying an additional 1,831 shares during the last quarter. Wells Fargo & Company MN grew its holdings in Bank First National by 49.6% in the 4th quarter. Wells Fargo & Company MN now owns 10,250 shares of the company’s stock valued at $1,249,000 after buying an additional 3,398 shares during the period. Finally, Jane Street Group LLC increased its stake in shares of Bank First National by 169.1% during the 4th quarter. Jane Street Group LLC now owns 21,739 shares of the company’s stock valued at $2,648,000 after acquiring an additional 13,661 shares during the last quarter. 29.95% of the stock is currently owned by institutional investors and hedge funds.

About Bank First National

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.