Bank First National (NASDAQ:BFC) Price Target Raised to $150.00

Bank First National (NASDAQ:BFC) had its target price increased by Hovde Group from $145.00 to $150.00 in a research note published on Wednesday morning, MarketBeat.com reports. Hovde Group currently has an outperform rating on the stock.

A number of other analysts have also weighed in on the stock. Wall Street Zen lowered shares of Bank First National from a “hold” rating to a “sell” rating in a report on Saturday, July 26th. Weiss Ratings reiterated a “buy (b)” rating on shares of Bank First National in a report on Wednesday, October 8th. Finally, Piper Sandler increased their target price on shares of Bank First National from $115.00 to $137.00 and gave the stock a “neutral” rating in a report on Monday, July 21st. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $146.00.

Bank First National Stock Up 2.2%

Shares of NASDAQ:BFC opened at $131.40 on Wednesday. The stock’s 50-day moving average price is $127.23 and its 200-day moving average price is $119.73. Bank First National has a 12-month low of $90.01 and a 12-month high of $135.72. The stock has a market capitalization of $194.47 million, a P/E ratio of 18.48 and a beta of 0.39. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.02.

Bank First National (NASDAQ:BFC) last posted its earnings results on Tuesday, October 21st. The company reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.81 by $0.10. The company had revenue of $44.21 million during the quarter, compared to analyst estimates of $44.15 million. Bank First National had a net margin of 29.34% and a return on equity of 11.25%. On average, equities analysts anticipate that Bank First National will post 6.9 earnings per share for the current year.

Bank First National Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Wednesday, December 24th will be issued a $0.45 dividend. The ex-dividend date is Wednesday, December 24th. This represents a $1.80 annualized dividend and a yield of 1.4%. Bank First National’s dividend payout ratio (DPR) is 25.32%.

Insider Buying and Selling

In related news, Director Michael S. Stayer-Suprick acquired 410 shares of the stock in a transaction on Tuesday, August 19th. The stock was acquired 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 approximately $486,386.55. This represents a 11.53% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.42% of the stock is owned by company insiders.

Institutional Trading of Bank First National

Several institutional investors and hedge funds have recently bought and sold shares of the stock. CWM LLC lifted its holdings in Bank First National by 17.0% in the second quarter. CWM LLC now owns 669 shares of the company’s stock worth $79,000 after buying an additional 97 shares during the period. Police & Firemen s Retirement System of New Jersey lifted its holdings in shares of Bank First National by 6.5% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 2,098 shares of the company’s stock valued at $247,000 after purchasing an additional 128 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Bank First National by 22.5% during the second quarter. BNP Paribas Financial Markets now owns 816 shares of the company’s stock valued at $96,000 after purchasing an additional 150 shares during the last quarter. N.E.W. Advisory Services LLC lifted its holdings in shares of Bank First National by 3.0% during the first quarter. N.E.W. Advisory Services LLC now owns 5,628 shares of the company’s stock valued at $567,000 after purchasing an additional 162 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings 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 purchasing an additional 250 shares during the last quarter. 29.95% of the stock is currently owned by hedge funds and other 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.