Bank First National Corporation (NASDAQ:BFC) Receives Average Rating of “Buy” from Analysts

Shares of Bank First National Corporation (NASDAQ:BFC) have been given an average recommendation of “Buy” by the five research firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $163.00.

Several research firms have issued reports on BFC. Zacks Research raised Bank First National from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 23rd. Hovde Group raised their price objective 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. Weiss Ratings cut Bank First National from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Thursday, August 27th. Piper Sandler boosted their price objective on Bank First National from $157.00 to $161.00 and gave the company a “neutral” rating in a research note on Thursday, July 23rd. Finally, Wall Street Zen raised shares of Bank First National from a “strong sell” rating to a “hold” rating in a report on Saturday, May 16th.

Hedge Funds Weigh In On Bank First National

Several hedge funds have recently modified their holdings of the stock. Annex Advisory Services LLC purchased a new position in shares of Bank First National in the second quarter valued at $1,111,000. Northwestern Mutual Wealth Management Co. increased its position in Bank First National by 2,452,855.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 490,591 shares of the company’s stock worth $59,764,000 after purchasing an additional 490,571 shares during the last quarter. Vanguard Group Inc. raised its stake in Bank First National by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 598,817 shares of the company’s stock valued at $72,948,000 after purchasing an additional 10,052 shares in the last quarter. Quantinno Capital Management LP raised its stake in 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 in the last quarter. Finally, J.W. Cole Advisors Inc. bought a new position in Bank First National during the fourth quarter valued at $6,340,000. Hedge funds and other institutional investors own 29.95% of the company’s stock.

Bank First National Trading Up 1.1%

Shares of BFC stock opened at $155.24 on Friday. Bank First National has a 1 year low of $119.08 and a 1 year high of $159.10. The firm has a fifty day moving average price of $152.07 and a 200-day moving average price of $144.73. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.93 and a quick ratio of 0.93. The company has a market cap of $1.72 billion, a price-to-earnings ratio of 20.19 and a beta of 0.41.

Bank First National (NASDAQ:BFC) last posted its quarterly earnings data on Tuesday, July 21st. The company reported $2.45 EPS for the quarter, topping the consensus estimate of $2.40 by $0.05. Bank First National had a return on equity of 12.48% and a net margin of 27.70%.The firm had revenue of $65.03 million during the quarter, compared to analyst estimates of $65.25 million. As a group, equities analysts predict that Bank First National will post 9.91 earnings per share for the current year.

Bank First National Increases Dividend

The firm also recently disclosed 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 represents a $2.40 dividend on an annualized basis and a dividend yield of 1.5%. This is a positive change from Bank First National’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Wednesday, September 23rd. Bank First National’s dividend payout ratio is currently 28.61%.

Bank First National Company Profile

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.