Bank First National (NASDAQ:BFC) Sees Strong Trading Volume - Time to Buy?

Bank First National Corporation (NASDAQ:BFC - Get Free Report) saw strong trading volume on Monday . 61,792 shares were traded during 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.

Analysts Set New Price Targets

Several equities research analysts have recently commented on BFC shares. Hovde Group upgraded shares of Bank First National from a "market perform" rating to an "outperform" rating and set a $130.00 price target for the company in a report on Tuesday, May 6th. Piper Sandler lifted their price objective on shares of Bank First National from $110.00 to $111.00 and gave the company a "neutral" rating in a report on Thursday, April 17th.

Bank First National Price Performance

The stock's 50 day simple moving average is $113.77 and its 200-day simple moving average is $105.59. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of 17.11 and a beta of 0.39.

Bank First National (NASDAQ:BFC - Get Free Report) last issued its quarterly earnings results on Tuesday, April 15th. The company reported $1.82 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.20. Bank First National had a net margin of 29.22% and a return on equity of 10.73%. The company had revenue of $43.10 million for the quarter, compared to the consensus estimate of $41.80 million. Equities research analysts anticipate that Bank First National Corporation will post 6.9 EPS for the current fiscal year.

Bank First National Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 9th were issued a $3.50 dividend. This is a positive change 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

A number of large investors have recently bought and sold shares of the business. Lazard Asset Management LLC purchased a new stake in shares of Bank First National in the fourth quarter valued at approximately $25,000. Sterling Capital Management LLC raised its position in Bank First National by 771.4% during the fourth quarter. Sterling Capital Management LLC now owns 305 shares of the company's stock worth $30,000 after acquiring an additional 270 shares during the period. CWM LLC lifted its holdings in Bank First National by 176.3% during the first quarter. CWM LLC now owns 572 shares of the company's stock valued at $58,000 after purchasing an additional 365 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Bank First National in the fourth quarter valued at about $189,000. Finally, GAMMA Investing LLC grew its position in shares of Bank First National by 17,300.0% in 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 period. Institutional investors and hedge funds 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.