Bank First National (NASDAQ:BFC) Reaches New 1-Year High - What's Next?

Key Points

• Bank First National Corporation (NASDAQ:BFC) reached a new 52-week high of $132.63 with a recent last traded price of $131.80.
• After releasing its latest earnings, the company reported $1.71 earnings per share, missing estimates by $0.09, and declared a quarterly dividend of $0.45 to be paid on October 8th.
• Wall Street analysts have varied opinions on the stock, with a consensus rating of "Moderate Buy" and a price target of $133.50.

Bank First National Corporation (NASDAQ:BFC - Get Free Report) hit a new 52-week high on Monday . The stock traded as high as $132.63 and last traded at $131.80, with a volume of 29048 shares changing hands. The stock had previously closed at $128.34.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on BFC. Wall Street Zen cut Bank First National from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. Weiss Ratings reissued a "buy (b)" rating on shares of Bank First National in a research report on Saturday, September 27th. Finally, Piper Sandler upped their price objective on shares of Bank First National from $115.00 to $137.00 and gave the stock a "neutral" rating in a report on Monday, July 21st. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $133.50.

Bank First National Stock Up 3.4%

The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $1.30 billion, a P/E ratio of 19.15 and a beta of 0.39. The stock's 50-day simple moving average is $124.56 and its 200-day simple moving average is $117.02.

Bank First National (NASDAQ:BFC - Get Free Report) last released 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 business had revenue of $41.60 million during the quarter, compared to the consensus estimate of $43.85 million. Bank First National had a net margin of 29.04% and a return on equity of 10.92%. As a group, research analysts predict that Bank First National Corporation will post 6.9 earnings per share for the current fiscal year.

Bank First National Dividend Announcement

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 1.4%. The ex-dividend date of this dividend is Wednesday, September 24th. Bank First National's payout ratio is 25.97%.

Insider Transactions at Bank First National

In related news, Director Michael S. Stayer-Suprick acquired 410 shares of the firm's stock in a transaction that occurred on Tuesday, August 19th. The stock was acquired at an average price of $122.67 per share, for a total transaction of $50,294.70. Following the completion of the acquisition, the director owned 3,965 shares of the company's stock, valued at approximately $486,386.55. This represents a 11.53% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 4.10% of the company's stock.

Hedge Funds Weigh In On Bank First National

Institutional investors have recently bought and sold shares of the company. CWM LLC increased its position in Bank First National by 176.3% in the first quarter. CWM LLC now owns 572 shares of the company's stock worth $58,000 after buying an additional 365 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in shares of Bank First National by 17,650.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 710 shares of the company's stock worth $84,000 after acquiring an additional 706 shares during the period. BNP Paribas Financial Markets increased its holdings in Bank First National by 22.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 816 shares of the company's stock worth $96,000 after acquiring an additional 150 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in Bank First National by 118.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,129 shares of the company's stock valued at $133,000 after acquiring an additional 612 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in Bank First National by 17,300.0% during the first 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. 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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