Bank First National (NASDAQ:BFC) Reaches New 52-Week High – Time to Buy?

Shares of Bank First National Corporation (NASDAQ:BFC) hit a new 52-week high on Thursday . The company traded as high as $135.79 and last traded at $135.6790, with a volume of 11233 shares. The stock had previously closed at $134.77.

Analyst Ratings Changes

BFC has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bank First National in a research report on Wednesday, October 8th. Piper Sandler upped their price target on shares of Bank First National from $137.00 to $142.00 and gave the company a “neutral” rating in a research note on Thursday, October 23rd. Finally, Hovde Group lifted their price objective on shares of Bank First National from $145.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 22nd. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $146.00.

Bank First National Stock Performance

The firm’s fifty day simple moving average is $126.85 and its 200 day simple moving average is $123.59. The company has a market capitalization of $1.33 billion, a PE ratio of 19.02 and a beta of 0.40. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.99 and a quick ratio of 0.99.

Bank First National (NASDAQ:BFC) last posted its earnings results on Friday, November 7th. The company reported $1.91 earnings per share (EPS) for the quarter. Bank First National had a net margin of 29.34% and a return on equity of 11.28%. The business had revenue of $44.21 million for the quarter. On average, research analysts predict that Bank First National Corporation will post 6.9 EPS for the current year.

Bank First National Announces Dividend

The business also recently announced 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. This represents a $1.80 annualized dividend and a yield of 1.3%. The ex-dividend date is Wednesday, December 24th. Bank First National’s dividend payout ratio is presently 25.32%.

Institutional Investors Weigh In On Bank First National

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue purchased a new position in shares of Bank First National during the 3rd quarter worth $48,000. CWM LLC lifted its position in Bank First National by 17.0% in the second quarter. CWM LLC now owns 669 shares of the company’s stock valued at $79,000 after buying an additional 97 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in Bank First National by 17,650.0% during the second quarter. Nisa Investment Advisors LLC now owns 710 shares of the company’s stock worth $84,000 after buying an additional 706 shares during the period. Russell Investments Group Ltd. acquired a new stake in shares of Bank First National during the third quarter valued at about $94,000. Finally, BNP Paribas Financial Markets increased its position 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 acquiring an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 29.95% of the company’s stock.

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.