Bank First National (NASDAQ:BFC) Downgraded to "Sell" Rating by Wall Street Zen

Bank First National (NASDAQ:BFC - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued to investors on Saturday.

A number of other equities analysts have also recently weighed in on BFC. Hovde Group upgraded Bank First National from a "market perform" rating to an "outperform" rating and set a $130.00 price target for the company in a report on Tuesday, May 6th. Piper Sandler increased their target price on Bank First National from $115.00 to $137.00 and gave the stock a "neutral" rating in a research note on Monday, July 21st.

Bank First National Stock Down 1.4%

Shares of NASDAQ:BFC opened at $126.33 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.02. The business has a fifty day moving average of $118.40 and a two-hundred day moving average of $108.79. The stock has a market cap of $1.25 billion, a P/E ratio of 18.23 and a beta of 0.39. Bank First National has a 52-week low of $82.50 and a 52-week high of $132.59.

Bank First National (NASDAQ:BFC - Get Free Report) last issued its earnings results on Friday, July 18th. The company reported $1.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.80 by ($0.09). The company had revenue of $41.60 million during the quarter, compared to analysts' expectations of $43.85 million. Bank First National had a net margin of 29.04% and a return on equity of 10.81%. On average, research analysts expect that Bank First National will post 6.9 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Bank First National by 12.3% in the 1st quarter. Vanguard Group Inc. now owns 581,909 shares of the company's stock valued at $58,622,000 after purchasing an additional 63,568 shares during the last quarter. Nuveen LLC purchased a new stake in Bank First National during the first quarter worth $2,607,000. JPMorgan Chase & Co. boosted its position in Bank First National by 103.2% during the fourth quarter. JPMorgan Chase & Co. now owns 48,500 shares of the company's stock worth $4,806,000 after purchasing an additional 24,635 shares in the last quarter. American Century Companies Inc. boosted its position in Bank First National by 30.2% during the first quarter. American Century Companies Inc. now owns 82,425 shares of the company's stock worth $8,303,000 after purchasing an additional 19,131 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC lifted its position in shares of Bank First National by 63.4% in the second quarter. Wealthcare Advisory Partners LLC now owns 37,974 shares of the company's stock valued at $4,468,000 after acquiring an additional 14,734 shares in 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.

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