Bank First National (NASDAQ:BFC) Earns "Buy (B)" Rating from Weiss Ratings

Key Points

• Bank First National (NASDAQ:BFC) received a "buy (B)" rating from Weiss Ratings, while Wall Street Zen downgraded it from "hold" to "sell."
• The stock price increased by 0.2%, reaching $131.99, with a market capitalization of $1.30 billion and a current consensus target price of $133.50.
• Recently, insider Michael S. Stayer-Suprick bought 410 shares for about $122.67 each, raising his stake in the company significantly.

Bank First National (NASDAQ:BFC - Get Free Report)'s stock had its "buy (b)" rating reissued by investment analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Several other brokerages have also weighed in on BFC. Wall Street Zen lowered Bank First National from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. Piper Sandler raised their target price on Bank First National from $115.00 to $137.00 and gave the stock a "neutral" rating in a research report on Monday, July 21st. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Bank First National currently has a consensus rating of "Moderate Buy" and a consensus target price of $133.50.

Bank First National Stock Up 0.2%

BFC stock traded up $0.22 during mid-day trading on Wednesday, reaching $131.99. The company had a trading volume of 67,367 shares, compared to its average volume of 73,380. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 19.05 and a beta of 0.39. The firm has a fifty day simple moving average of $124.86 and a 200 day simple moving average of $117.35. Bank First National has a fifty-two week low of $86.11 and a fifty-two week high of $134.74.

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 for the quarter, missing the consensus estimate of $1.80 by ($0.09). Bank First National had a return on equity of 10.92% and a net margin of 29.04%.The business had revenue of $41.60 million for the quarter, compared to analyst estimates of $43.85 million. Analysts forecast that Bank First National will post 6.9 earnings per share for the current fiscal year.

Insider Buying and Selling at Bank First National

In related news, Director Michael S. Stayer-Suprick bought 410 shares of the stock in a transaction on Tuesday, August 19th. The shares were bought at an average cost of $122.67 per share, for a total transaction of $50,294.70. Following the purchase, the director owned 3,965 shares of the company's stock, valued at $486,386.55. This trade represents a 11.53% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 4.10% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Osaic Holdings Inc. grew its stake in shares of Bank First National by 177.1% in the 2nd quarter. Osaic Holdings Inc. now owns 14,292 shares of the company's stock valued at $1,682,000 after purchasing an additional 9,135 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its stake in shares of Bank First National by 7.0% in the second quarter. CANADA LIFE ASSURANCE Co now owns 5,564 shares of the company's stock valued at $656,000 after buying an additional 362 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Bank First National by 118.4% in the second quarter. Tower Research Capital LLC TRC now owns 1,129 shares of the company's stock valued at $133,000 after buying an additional 612 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Bank First National by 22.5% in the second quarter. BNP Paribas Financial Markets now owns 816 shares of the company's stock valued at $96,000 after buying an additional 150 shares in the last quarter. Finally, Brevan Howard Capital Management LP purchased a new stake in shares of Bank First National in the second quarter valued at approximately $274,000. 29.95% of the stock is currently owned by hedge funds and other institutional investors.

About Bank First National

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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