Hovde Group Increases Bank First National (NASDAQ:BFC) Price Target to $150.00

Bank First National (NASDAQ:BFC) had its price objective upped by stock analysts at Hovde Group from $145.00 to $150.00 in a note issued to investors on Wednesday,Briefing.com Automated Import reports. The brokerage presently has an “outperform” rating on the stock. Hovde Group’s target price points to a potential upside of 17.99% from the stock’s current price.

BFC has been the subject of several other reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Bank First National in a research report on Wednesday, October 8th. Wall Street Zen downgraded Bank First National from a “hold” rating to a “sell” rating in a research report on Saturday, July 26th. Finally, Piper Sandler lifted their target price on Bank First National from $115.00 to $137.00 and gave the stock a “neutral” rating in a research report on Monday, July 21st. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Bank First National has a consensus rating of “Moderate Buy” and an average price target of $143.50.

Bank First National Stock Up 2.2%

NASDAQ BFC opened at $127.13 on Wednesday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.02. The company has a fifty day moving average of $126.77 and a two-hundred day moving average of $119.19. The firm has a market capitalization of $188.15 million, a price-to-earnings ratio of 18.34 and a beta of 0.39. Bank First National has a 52 week low of $90.01 and a 52 week high of $135.72.

Bank First National (NASDAQ:BFC) last posted its quarterly earnings data on Tuesday, October 21st. The company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.81 by $0.10. Bank First National had a net margin of 29.04% and a return on equity of 10.92%. On average, analysts predict that Bank First National will post 6.9 earnings per share for the current year.

Insider Buying and Selling at Bank First National

In other news, Director Michael S. Stayer-Suprick acquired 410 shares of the firm’s stock in a transaction that occurred on Tuesday, August 19th. The stock was purchased at an average cost of $122.67 per share, for a total transaction of $50,294.70. Following the completion of the acquisition, the director directly owned 3,965 shares of the company’s stock, valued at $486,386.55. The trade was a 11.53% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 4.10% of the stock is owned by insiders.

Institutional Trading of Bank First National

Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Bank First National by 12.3% in the first quarter. Vanguard Group Inc. now owns 581,909 shares of the company’s stock worth $58,622,000 after purchasing an additional 63,568 shares in the last quarter. Nuveen LLC bought a new position in Bank First National in the first quarter worth about $2,607,000. Jane Street Group LLC raised its holdings in Bank First National by 212.7% in the second quarter. Jane Street Group LLC now owns 34,276 shares of the company’s stock worth $4,033,000 after purchasing an additional 23,314 shares in the last quarter. American Century Companies Inc. raised its holdings in Bank First National by 30.2% in the first quarter. American Century Companies Inc. now owns 82,425 shares of the company’s stock worth $8,303,000 after purchasing an additional 19,131 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC raised its holdings in Bank First National by 63.4% in the second quarter. Wealthcare Advisory Partners LLC now owns 37,974 shares of the company’s stock worth $4,468,000 after purchasing an additional 14,734 shares in the last quarter. 29.95% of the stock is currently owned by institutional investors.

Bank First National Company Profile

Bank First Corporation operates as a holding company for Bank First, N.A. that provides consumer and commercial financial services to businesses, professionals, consumers, associations, individuals, and governmental authorities in Wisconsin. It offers checking, savings, money market, cash management, retirement, and health savings accounts; other time deposits; certificates of deposit; and residential mortgage products.