Brokerages Set Bank First National Corporation (NASDAQ:BFC) Price Target at $161.00

Bank First National Corporation (NASDAQ:BFC) has earned a consensus recommendation of “Moderate Buy” from the five brokerages that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $161.00.

Several analysts recently issued reports on the stock. Hovde Group upped their price target on shares of Bank First National from $160.00 to $165.00 and gave the company an “outperform” rating in a report on Thursday, May 21st. Weiss Ratings downgraded shares of Bank First National from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Thursday, June 4th. Piper Sandler upped their target price on shares of Bank First National from $150.00 to $157.00 and gave the company a “neutral” rating in a research note on Monday, April 20th. Zacks Research raised shares of Bank First National from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 18th. Finally, Wall Street Zen raised Bank First National from a “strong sell” rating to a “hold” rating in a report on Saturday, May 16th.

Bank First National Price Performance

Shares of NASDAQ BFC opened at $151.80 on Friday. Bank First National has a fifty-two week low of $115.29 and a fifty-two week high of $154.29. The business has a 50 day moving average price of $143.89 and a two-hundred day moving average price of $138.75. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.03. The firm has a market cap of $1.69 billion, a PE ratio of 21.11 and a beta of 0.41.

Bank First National (NASDAQ:BFC) last announced its earnings results on Thursday, April 16th. The company reported $2.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.40 by ($0.16). The business had revenue of $63.75 million during the quarter, compared to analyst estimates of $65.70 million. Bank First National had a net margin of 27.49% and a return on equity of 11.89%. During the same period in the previous year, the company earned $1.82 earnings per share. Sell-side analysts expect that Bank First National will post 9.5 earnings per share for the current fiscal year.

Bank First National Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Shareholders of record on Wednesday, June 24th will be issued a dividend of $0.55 per share. The ex-dividend date of this dividend is Wednesday, June 24th. This represents a $2.20 dividend on an annualized basis and a yield of 1.4%. This is a boost from Bank First National’s previous quarterly dividend of $0.50. Bank First National’s dividend payout ratio (DPR) is 30.60%.

Insider Activity at Bank First National

In other news, Director Michael S. Stayer-Suprick purchased 225 shares of the stock in a transaction dated Tuesday, April 21st. The stock was acquired at an average cost of $140.04 per share, for a total transaction of $31,509.00. Following the acquisition, the director owned 4,597 shares of the company’s stock, valued at $643,763.88. The trade was a 5.15% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Todd A. Sprang purchased 450 shares of the company’s stock in a transaction that occurred on Wednesday, April 22nd. The shares were purchased at an average cost of $138.96 per share, for a total transaction of $62,532.00. Following the completion of the transaction, the director owned 2,015 shares in the company, valued at approximately $280,004.40. This represents a 28.75% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 4.97% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Ballast Advisors LLC bought a new stake in shares of Bank First National during the 1st quarter valued at about $154,000. Bank of America Corp DE boosted its stake in Bank First National by 60.6% in the first quarter. Bank of America Corp DE now owns 17,102 shares of the company’s stock valued at $2,310,000 after acquiring an additional 6,456 shares during the period. Janus Henderson Group PLC boosted its stake in Bank First National by 53.9% in the first quarter. Janus Henderson Group PLC now owns 5,138 shares of the company’s stock valued at $693,000 after acquiring an additional 1,800 shares during the period. The Manufacturers Life Insurance Company grew its holdings in shares of Bank First National by 10.6% during the first quarter. The Manufacturers Life Insurance Company now owns 4,715 shares of the company’s stock valued at $637,000 after purchasing an additional 451 shares during the last quarter. Finally, Quantinno Capital Management LP grew its holdings in shares of Bank First National by 182.0% during the first quarter. Quantinno Capital Management LP now owns 15,451 shares of the company’s stock valued at $2,087,000 after purchasing an additional 9,971 shares during the last quarter. 29.95% of the stock is 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.