Analysts Set Bank First National Corporation (NASDAQ:BFC) PT at $163.00

Bank First National Corporation (NASDAQ:BFC) has been assigned a consensus recommendation of “Buy” from the five ratings firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $163.00.

A number of equities research analysts have issued reports on BFC shares. Wall Street Zen upgraded Bank First National from a “strong sell” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings raised shares of Bank First National from a “buy (b+)” rating to a “buy (a-)” rating in a report on Tuesday, August 11th. Piper Sandler raised 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. Hovde Group increased their price target 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. Finally, Zacks Research raised Bank First National from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 23rd.

Hedge Funds Weigh In On Bank First National

Hedge funds have recently modified their holdings of the stock. Annex Advisory Services LLC bought a new position in shares of Bank First National during the 2nd quarter valued at about $1,111,000. Northwestern Mutual Wealth Management Co. boosted its stake in Bank First National by 2,452,855.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 490,591 shares of the company’s stock valued at $59,764,000 after buying an additional 490,571 shares during the last quarter. Vanguard Group Inc. grew its holdings in Bank First National by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 598,817 shares of the company’s stock valued at $72,948,000 after buying an additional 10,052 shares in the last quarter. Quantinno Capital Management LP grew its holdings in Bank First National by 182.0% during the 1st quarter. Quantinno Capital Management LP now owns 15,451 shares of the company’s stock valued at $2,087,000 after buying an additional 9,971 shares in the last quarter. Finally, J.W. Cole Advisors Inc. bought a new stake in Bank First National in the 4th quarter worth approximately $6,340,000. Hedge funds and other institutional investors own 29.95% of the company’s stock.

Bank First National Stock Performance

Bank First National stock opened at $152.76 on Monday. The business’s fifty day moving average is $149.89 and its 200 day moving average is $144.07. Bank First National has a one year low of $119.08 and a one year high of $159.10. The stock has a market capitalization of $1.69 billion, a PE ratio of 19.86 and a beta of 0.41. 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 (NASDAQ:BFC) last released its quarterly earnings data on Tuesday, July 21st. The company reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.40 by $0.05. The firm had revenue of $65.03 million during the quarter, compared to analysts’ expectations of $65.25 million. Bank First National had a net margin of 27.70% and a return on equity of 12.48%. On average, sell-side analysts predict that Bank First National will post 9.91 EPS for the current year.

Bank First National Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 23rd will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.6%. The ex-dividend date is Wednesday, September 23rd. This is a positive change from Bank First National’s previous quarterly dividend of $0.55. 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.