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

Key Points

• Weiss Ratings reaffirmed a "buy (B)" rating for Bank First National, while other analysts issued mixed ratings ranging from "sell" to "outperform".
• Bank First National's stock rose by 2.2%, reaching $131.40, with a market capitalization of $194.47 million and a PE ratio of 18.48.
• Insider activity includes Director Michael S. Stayer-Suprick purchasing 410 shares, indicating confidence in the company's prospects.

Bank First National (NASDAQ:BFC - Get Free Report)'s stock had its "buy (b)" rating reaffirmed by analysts at Weiss Ratings in a report issued on Friday,Weiss Ratings reports.

Other analysts have also recently issued research reports about the stock. Wall Street Zen cut shares of Bank First National from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. Piper Sandler boosted their price target on shares of Bank First National from $137.00 to $142.00 and gave the company a "neutral" rating in a report on Thursday. Finally, Hovde Group boosted their price target on shares of Bank First National from $145.00 to $150.00 and gave the company an "outperform" rating in a report on Wednesday. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $146.00.

Bank First National Trading Up 2.2%

Shares of Bank First National stock traded up $2.80 on Friday, hitting $131.40. 48,222 shares of the company's stock traded hands, compared to its average volume of 74,162. The firm's 50-day moving average price is $127.03 and its two-hundred day moving average price is $119.50. The stock has a market capitalization of $194.47 million, a PE ratio of 18.48 and a beta of 0.39. Bank First National has a one year low of $90.01 and a one year high of $135.72. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.99 and a quick ratio of 0.99.

Bank First National (NASDAQ:BFC - Get Free Report) last issued its earnings results on Tuesday, October 21st. The company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.81 by $0.10. The company had revenue of $44.21 million during the quarter, compared to analysts' expectations of $44.15 million. Bank First National had a net margin of 29.34% and a return on equity of 11.25%. On average, research analysts expect that Bank First National will post 6.9 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Michael S. Stayer-Suprick bought 410 shares of Bank First National stock in a transaction that occurred on Tuesday, August 19th. The stock was purchased at an average cost of $122.67 per share, with a total value of $50,294.70. Following the purchase, the director owned 3,965 shares in the company, valued at approximately $486,386.55. This trade represents a 11.53% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.42% of the company's stock.

Hedge Funds Weigh In On Bank First National

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CWM LLC boosted its stake in Bank First National by 17.0% in the 2nd quarter. CWM LLC now owns 669 shares of the company's stock worth $79,000 after purchasing an additional 97 shares during the period. Police & Firemen s Retirement System of New Jersey boosted its stake in Bank First National by 6.5% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 2,098 shares of the company's stock worth $247,000 after purchasing an additional 128 shares during the period. BNP Paribas Financial Markets boosted its stake 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 purchasing an additional 150 shares during the period. N.E.W. Advisory Services LLC boosted its stake in Bank First National by 3.0% in the 1st quarter. N.E.W. Advisory Services LLC now owns 5,628 shares of the company's stock worth $567,000 after purchasing an additional 162 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Bank First National by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,756 shares of the company's stock worth $580,000 after purchasing an additional 250 shares during the period. 29.95% of the stock is owned by institutional investors and hedge funds.

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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