Bank First National Corporation (NASDAQ:BFC) Given Consensus Recommendation of “Buy” by Analysts

Bank First National Corporation (NASDAQ:BFC) has been given a consensus recommendation of “Buy” by the five analysts that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $163.00.

Several analysts have commented on the company. Piper Sandler increased their target price on Bank First National from $157.00 to $161.00 and gave the company a “neutral” rating in a research note on Thursday. Hovde Group boosted their price target on Bank First National from $160.00 to $165.00 and gave the stock an “outperform” rating in a research note on Thursday, May 21st. Zacks Research raised Bank First National from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 23rd. Wall Street Zen upgraded Bank First National from a “strong sell” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Weiss Ratings lowered Bank First National from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Thursday, June 4th.

Bank First National Trading Down 1.4%

Shares of NASDAQ BFC opened at $148.67 on Thursday. The firm’s 50 day moving average price is $144.91 and its 200-day moving average price is $141.04. Bank First National has a 52-week low of $115.29 and a 52-week high of $154.29. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market cap of $1.66 billion, a PE ratio of 19.33 and a beta of 0.41.

Bank First National (NASDAQ:BFC) last announced its quarterly earnings results on Tuesday, July 21st. The company reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.40 by $0.05. Bank First National had a net margin of 27.70% and a return on equity of 13.02%. The company had revenue of $75.04 million during the quarter, compared to the consensus estimate of $65.25 million. On average, equities research analysts expect that Bank First National will post 9.91 EPS for the current fiscal year.

Bank First National Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Wednesday, September 23rd will be paid a $0.60 dividend. This is a boost from Bank First National’s previous quarterly dividend of $0.55. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Wednesday, September 23rd. Bank First National’s dividend payout ratio (DPR) is presently 31.21%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in BFC. Northwestern Mutual Wealth Management Co. boosted its holdings in Bank First National by 920.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 204 shares of the company’s stock worth $25,000 after purchasing an additional 184 shares during the last quarter. Royal Bank of Canada raised its stake in Bank First National by 95.5% during the 4th quarter. Royal Bank of Canada now owns 305 shares of the company’s stock valued at $36,000 after buying an additional 149 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its stake in Bank First National by 406.8% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 370 shares of the company’s stock valued at $45,000 after buying an additional 297 shares during the last quarter. Russell Investments Group Ltd. purchased a new stake in Bank First National during the 3rd quarter valued at $94,000. Finally, Kestra Advisory Services LLC bought a new position in shares of Bank First National during the 4th quarter valued at $98,000. 29.95% of the stock is owned by hedge funds and other institutional investors.

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.