Bank First National (NASDAQ:BFC) Reaches New 52-Week High – Here’s Why

Bank First National Corporation (NASDAQ:BFC) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $154.42 and last traded at $149.2890, with a volume of 1418 shares. The stock had previously closed at $151.29.

Wall Street Analysts Forecast Growth

BFC has been the topic of a number of research reports. Piper Sandler boosted their price objective on Bank First National from $157.00 to $161.00 and gave the stock a “neutral” rating in a research note on Thursday, July 23rd. Zacks Research raised shares of Bank First National from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 23rd. Wall Street Zen raised Bank First National from a “strong sell” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings lowered Bank First National from a “buy (a-)” rating to a “buy (b+)” rating in a report on Thursday, June 4th. Finally, Hovde Group boosted their price target on Bank First National from $160.00 to $165.00 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $163.00.

Bank First National Trading Up 0.1%

The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of 19.69 and a beta of 0.41. The company has a 50-day moving average price of $145.42 and a 200-day moving average price of $141.64. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.03.

Bank First National (NASDAQ:BFC) last announced its earnings results 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 $75.04 million during the quarter, compared to the consensus estimate of $65.25 million. Bank First National had a return on equity of 13.02% and a net margin of 27.70%. Research analysts predict that Bank First National Corporation will post 9.91 EPS for the current fiscal year.

Bank First National Increases Dividend

The business 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. The ex-dividend date is Wednesday, September 23rd. This is a positive change from Bank First National’s previous quarterly dividend of $0.55. This represents a $2.40 annualized dividend and a dividend yield of 1.6%. Bank First National’s dividend payout ratio is 31.21%.

Hedge Funds Weigh In On Bank First National

Institutional investors and hedge funds have recently bought and sold shares of the stock. AQR Capital Management LLC boosted its holdings in Bank First National by 102.9% in the 1st quarter. AQR Capital Management LLC now owns 17,100 shares of the company’s stock valued at $1,723,000 after purchasing an additional 8,672 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Bank First National by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,756 shares of the company’s stock valued at $580,000 after buying an additional 250 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Bank First National by 58.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 20,843 shares of the company’s stock valued at $2,100,000 after buying an additional 7,656 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of Bank First National by 194.8% in the first quarter. Jane Street Group LLC now owns 10,962 shares of the company’s stock valued at $1,104,000 after buying an additional 7,244 shares during the period. Finally, First Trust Advisors LP lifted its stake in shares of Bank First National by 5.1% in the second quarter. First Trust Advisors LP now owns 6,363 shares of the company’s stock valued at $749,000 after buying an additional 309 shares during the period. Institutional investors own 29.95% of the company’s stock.

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.