Bank First National (NASDAQ:BFC) Hits New 1-Year High - Should You Buy?

Shares of Bank First National Corporation (NASDAQ:BFC - Get Free Report) hit a new 52-week high during trading on Monday . The company traded as high as $125.27 and last traded at $123.75, with a volume of 241663 shares trading hands. The stock had previously closed at $123.00.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Piper Sandler upped their price target on Bank First National from $110.00 to $111.00 and gave the company a "neutral" rating in a research note on Thursday, April 17th. Hovde Group raised Bank First National from a "market perform" rating to an "outperform" rating and set a $130.00 price target for the company in a research note on Tuesday, May 6th.

Bank First National Stock Up 0.1%

The company has a market capitalization of $1.21 billion, a P/E ratio of 17.89 and a beta of 0.39. The firm's 50 day moving average price is $115.41 and its two-hundred day moving average price is $106.38. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.02.

Bank First National (NASDAQ:BFC - Get Free Report) last released its earnings results on Tuesday, April 15th. The company reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.20. Bank First National had a net margin of 29.22% and a return on equity of 10.73%. The business had revenue of $43.10 million during the quarter, compared to analysts' expectations of $41.80 million. Equities research analysts forecast that Bank First National Corporation will post 6.9 EPS for the current year.

Bank First National Increases Dividend

The company also recently announced a dividend, which was paid on Friday, May 16th. Investors of record on Friday, May 9th were paid a $3.50 dividend. The ex-dividend date was Friday, May 9th. This is a boost from Bank First National's previous dividend of $0.20. Bank First National's dividend payout ratio (DPR) is currently 26.43%.

Hedge Funds Weigh In On Bank First National

Several hedge funds and other institutional investors have recently made changes to their positions in BFC. GAMMA Investing LLC lifted its holdings in Bank First National by 17,300.0% during the 1st quarter. GAMMA Investing LLC now owns 1,914 shares of the company's stock valued at $193,000 after purchasing an additional 1,903 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in Bank First National by 2.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 4,731 shares of the company's stock valued at $469,000 after purchasing an additional 105 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Bank First National by 2.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,506 shares of the company's stock valued at $546,000 after purchasing an additional 124 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Bank First National during the 4th quarter valued at $277,000. Finally, Raymond James Financial Inc. acquired a new stake in Bank First National during the 4th quarter valued at $287,000. 29.95% of the stock is owned by 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.