Bank First National (NASDAQ:BFC) Sees Unusually-High Trading Volume - Should You Buy?

Bank First National Corporation (NASDAQ:BFC - Get Free Report) saw strong trading volume on Monday . 61,792 shares changed hands during mid-day trading, an increase of 109% from the previous session's volume of 29,611 shares.The stock last traded at $112.24 and had previously closed at $110.95.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Piper Sandler upped their price target on Bank First National from $110.00 to $111.00 and gave the stock 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 on the stock in a research note on Tuesday, May 6th.

Bank First National Stock Performance

The stock has a market capitalization of $1.14 billion, a P/E ratio of 16.89 and a beta of 0.39. 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 business has a fifty day moving average price of $113.42 and a 200-day moving average price of $105.46.

Bank First National (NASDAQ:BFC - Get Free Report) last announced its quarterly earnings results on Tuesday, April 15th. The company reported $1.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.62 by $0.20. The firm had revenue of $43.10 million for the quarter, compared to the consensus estimate of $41.80 million. Bank First National had a return on equity of 10.73% and a net margin of 29.22%. On average, sell-side analysts expect 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. Shareholders of record on Friday, May 9th were issued a $3.50 dividend. This is an increase 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 currently 26.43%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Jane Street Group LLC raised its stake in shares of Bank First National by 194.8% in the first quarter. Jane Street Group LLC now owns 10,962 shares of the company's stock worth $1,104,000 after buying an additional 7,244 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Bank First National by 58.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 20,843 shares of the company's stock worth $2,100,000 after buying an additional 7,656 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Bank First National by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,756 shares of the company's stock worth $580,000 after buying an additional 250 shares during the period. AQR Capital Management LLC raised its stake in shares of Bank First National by 102.9% in the first quarter. AQR Capital Management LLC now owns 17,100 shares of the company's stock worth $1,723,000 after buying an additional 8,672 shares during the period. Finally, American Century Companies Inc. raised its stake in shares of Bank First National by 30.2% in the first quarter. American Century Companies Inc. now owns 82,425 shares of the company's stock worth $8,303,000 after buying an additional 19,131 shares during the period. 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.