Bank First National (NASDAQ:BFC) Rating Lowered to Hold at Zacks Research

Bank First National (NASDAQ:BFC) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday, Zacks reports.

Several other brokerages also recently issued reports on BFC. Hovde Group lifted their target price on Bank First National from $160.00 to $165.00 and gave the company an “outperform” rating in a research note on Thursday, May 21st. Weiss Ratings lowered shares of Bank First National from a “buy (a-)” rating to a “buy (b+)” rating in a report on Thursday, August 27th. Finally, Piper Sandler lifted their price objective 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. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $163.00.

Bank First National Trading Up 0.3%

Shares of BFC stock opened at $153.75 on Monday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a fifty day simple moving average of $152.25 and a two-hundred day simple moving average of $145.02. The firm has a market capitalization of $1.71 billion, a PE ratio of 19.99 and a beta of 0.41. Bank First National has a 52-week low of $119.08 and a 52-week high of $159.10.

Bank First National (NASDAQ:BFC) last announced its quarterly earnings data on Tuesday, July 21st. The company reported $2.45 EPS for the quarter, beating the consensus estimate of $2.40 by $0.05. The business had revenue of $65.03 million for the quarter, compared to the consensus estimate of $65.25 million. Bank First National had a return on equity of 12.48% and a net margin of 27.70%. On average, analysts predict that Bank First National will post 9.91 EPS for the current fiscal year.

Insider Activity

In other news, Director Sistine Peter J. Van sold 1,848 shares of Bank First National stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $155.57, for a total value of $287,493.36. Following the sale, the director directly owned 7,640 shares of the company’s stock, valued at approximately $1,188,554.80. The trade was a 19.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 4.97% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Arizona State Retirement System boosted its stake in shares of Bank First National by 5.2% during the second quarter. Arizona State Retirement System now owns 2,705 shares of the company’s stock valued at $401,000 after purchasing an additional 133 shares during the period. Ancora Advisors LLC purchased a new position in Bank First National in the 2nd quarter worth about $26,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Bank First National by 1.0% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 19,240 shares of the company’s stock worth $2,854,000 after buying an additional 193 shares during the period. Caitong International Asset Management Co. Ltd lifted its holdings 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 in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in Bank First National by 10.6% during the 1st quarter. The Manufacturers Life Insurance Company now owns 4,715 shares of the company’s stock valued at $637,000 after buying an additional 451 shares in the last quarter. 29.95% of the stock is owned by hedge funds and other institutional investors.

Bank First National Company Profile

Bank First National, operating through Bank First Corporation, is a Wisconsin-based community bank that provides banking and financial services to individuals, families, businesses and municipalities. The company offers checking and savings accounts, certificates of deposit, residential mortgages, consumer loans, commercial lending and agricultural financing.

Bank First also provides business banking solutions such as treasury management, cash management, payment services, online and mobile banking, and other commercial financial products.