Bank First National Corporation (NASDAQ:BFC - Get Free Report) reached a new 52-week high on Thursday . The company traded as high as $125.50 and last traded at $124.82, with a volume of 187610 shares traded. The stock had previously closed at $121.22.
Analysts Set New Price Targets
Several research firms have recently commented on BFC. Piper Sandler boosted their target price on shares of Bank First National from $110.00 to $111.00 and gave the stock a "neutral" rating in a report on Thursday, April 17th. Hovde Group upgraded shares of Bank First National from a "market perform" rating to an "outperform" rating and set a $130.00 price target on the stock in a research note on Tuesday, May 6th.
Read Our Latest Report on BFC
Bank First National Stock Performance
The firm has a market capitalization of $1.25 billion, a P/E ratio of 18.47 and a beta of 0.39. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a 50-day moving average price of $116.82 and a two-hundred day moving average price of $107.54.
Bank First National (NASDAQ:BFC - Get Free Report) last announced its quarterly earnings data on Tuesday, April 15th. The company reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.20. The company had revenue of $43.10 million for the quarter, compared to analysts' expectations of $41.80 million. Bank First National had a return on equity of 10.73% and a net margin of 29.22%. On average, analysts forecast that Bank First National Corporation will post 6.9 EPS for the current fiscal 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 given a dividend of $3.50 per share. This is a boost from Bank First National's previous dividend of $0.20. The ex-dividend date was Friday, May 9th. Bank First National's dividend payout ratio is presently 26.43%.
Hedge Funds Weigh In On Bank First National
Large investors have recently made changes to their positions in the business. Bank of New York Mellon Corp boosted its stake in Bank First National by 3.5% in the 4th quarter. Bank of New York Mellon Corp now owns 39,977 shares of the company's stock worth $3,961,000 after purchasing an additional 1,337 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Bank First National by 0.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 75,563 shares of the company's stock valued at $7,488,000 after buying an additional 693 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Bank First National in the 4th quarter valued at $287,000. Avantax Advisory Services Inc. raised its stake in Bank First National by 2.9% in the 4th quarter. Avantax Advisory Services Inc. now owns 10,998 shares of the company's stock worth $1,090,000 after acquiring an additional 313 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Bank First National during the 4th quarter worth about $277,000. 29.95% of the stock is owned by institutional investors and hedge funds.
About Bank First National
(
Get Free Report)
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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