Bank First National (NASDAQ:BFC) Sets New 1-Year High - Here's What Happened

Bank First National Corporation (NASDAQ:BFC - Get Free Report)'s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as $125.50 and last traded at $124.82, with a volume of 187610 shares. The stock had previously closed at $121.22.

Analyst Ratings Changes

A number of brokerages recently weighed in on BFC. Hovde Group raised 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. Piper Sandler lifted their target price on shares of Bank First National from $115.00 to $137.00 and gave the stock a "neutral" rating in a research report on Monday.

Bank First National Trading Up 0.8%

The business has a 50-day moving average of $117.10 and a two-hundred day moving average of $107.86. 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 firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of 18.34 and a beta of 0.39.

Bank First National (NASDAQ:BFC - Get Free Report) last released its quarterly earnings data on Friday, July 18th. The company reported $1.71 earnings per share for the quarter, missing analysts' consensus estimates of $1.80 by ($0.09). The company had revenue of $41.60 million for the quarter, compared to analyst estimates of $43.85 million. Bank First National had a net margin of 29.04% and a return on equity of 10.81%. Research analysts predict that Bank First National Corporation will post 6.9 EPS for the current fiscal year.

Bank First National Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 8th. Investors of record on Wednesday, September 24th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend is Wednesday, September 24th. Bank First National's dividend payout ratio is currently 25.97%.

Hedge Funds Weigh In On Bank First National

Large investors have recently bought and sold shares of the business. Commonwealth Equity Services LLC increased its position in shares of Bank First National by 2.3% in the 4th quarter. Commonwealth Equity Services LLC now owns 4,731 shares of the company's stock valued at $469,000 after buying an additional 105 shares in the last quarter. Mariner LLC increased its holdings in shares of Bank First National by 4.7% in the fourth quarter. Mariner LLC now owns 2,497 shares of the company's stock worth $247,000 after acquiring an additional 112 shares in the last quarter. Citadel Advisors LLC lifted its holdings in shares of Bank First National by 1.2% during the 4th quarter. Citadel Advisors LLC now owns 10,264 shares of the company's stock valued at $1,017,000 after purchasing an additional 119 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Bank First National by 2.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,531 shares of the company's stock valued at $449,000 after purchasing an additional 123 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake 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 worth $546,000 after purchasing an additional 124 shares in the last quarter. 29.95% of the stock is currently owned by institutional investors and hedge funds.

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.