Bank First National Corporation (NASDAQ:BFC) Stock Has Consensus Target Price of $163.00 According to Analysts

Bank First National Corporation (NASDAQ:BFC) has been assigned a consensus rating of “Moderate Buy” from the five analysts that are covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $163.00.

BFC has been the subject of several research analyst reports. Piper Sandler lifted their price target on shares of Bank First National from $157.00 to $161.00 and gave the company a “neutral” rating in a research note on Thursday, July 23rd. Weiss Ratings downgraded Bank First National from a “buy (a-)” rating to a “buy (b+)” rating in a report on Friday, October 2nd. Finally, Zacks Research downgraded Bank First National from a “strong-buy” rating to a “hold” rating in a report on Monday, September 14th.

Bank First National Stock Performance

NASDAQ:BFC opened at $147.18 on Tuesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.93 and a quick ratio of 0.93. Bank First National has a 1 year low of $119.08 and a 1 year high of $159.10. The stock’s 50 day simple moving average is $152.70 and its two-hundred day simple moving average is $146.95. The company has a market cap of $1.63 billion, a price-to-earnings ratio of 19.14 and a beta of 0.42.

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

Bank First National Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 23rd were given a dividend of $0.60 per share. This is a boost from Bank First National’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Wednesday, September 23rd. This represents a $2.40 annualized dividend and a yield of 1.6%. Bank First National’s payout ratio is 31.21%.

Insider Buying and Selling at Bank First National

In other Bank First National 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 transaction, the director owned 7,640 shares in the company, valued at $1,188,554.80. The trade was a 19.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 4.97% of the stock is owned by company insiders.

Institutional Investors Weigh In On Bank First National

Several institutional investors have recently bought and sold shares of the company. Ancora Advisors LLC acquired a new stake in Bank First National in the 2nd quarter worth about $26,000. Versant Capital Management Inc increased its stake in Bank First National by 53.8% during the 3rd quarter. Versant Capital Management Inc now owns 200 shares of the company’s stock worth $30,000 after buying an additional 70 shares in the last quarter. Caitong International Asset Management Co. Ltd increased 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 worth $45,000 after buying an additional 297 shares in the last quarter. Johnson Financial Group Inc. acquired a new position in shares of Bank First National during the second quarter valued at approximately $99,000. Finally, Ballast Advisors LLC acquired a new position in shares of Bank First National during the first quarter valued at approximately $154,000. 29.95% of the stock is currently owned by institutional investors and hedge funds.

Bank First National Company Profile

Bank First Corporation is a Wisconsin-based bank holding company that operates through its subsidiary, Bank First. Headquartered in Manitowoc, Wisconsin, the institution provides banking services to individuals, families, businesses and municipal customers throughout eastern Wisconsin.

Bank First offers deposit accounts, consumer and business loans, mortgage lending, cash-management and treasury services, online and mobile banking, credit and debit cards, and other personal and commercial banking products.