Bank First National (NASDAQ:BFC) Sees Large Volume Increase - What's Next?

Bank First National Corporation (NASDAQ:BFC - Get Free Report) saw an uptick in trading volume on Tuesday . 74,434 shares traded hands during trading, an increase of 122% from the previous session's volume of 33,564 shares.The stock last traded at $117.96 and had previously closed at $117.65.

Wall Street Analysts Forecast Growth

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

Bank First National Stock Up 1.9%

The firm has a 50-day moving average price of $114.42 and a two-hundred day moving average price of $105.82. 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 $1.22 billion, a price-to-earnings ratio of 18.05 and a beta of 0.39.

Bank First National (NASDAQ:BFC - Get Free Report) last posted its earnings results on Tuesday, April 15th. The company reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.20. Bank First National had a return on equity of 10.73% and a net margin of 29.22%. The business had revenue of $43.10 million during the quarter, compared to the consensus estimate of $41.80 million. On average, sell-side analysts forecast that Bank First National Corporation will post 6.9 earnings per share for the current year.

Bank First National Increases Dividend

The business also recently announced a dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, May 9th were issued a $3.50 dividend. The ex-dividend date of this dividend was Friday, May 9th. This is a positive change from Bank First National's previous dividend of $0.20. Bank First National's payout ratio is presently 26.43%.

Institutional Trading of Bank First National

Several hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its position in shares of Bank First National by 3.5% during the 4th quarter. Bank of New York Mellon Corp now owns 39,977 shares of the company's stock worth $3,961,000 after purchasing an additional 1,337 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Bank First National by 0.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 75,563 shares of the company's stock worth $7,488,000 after purchasing an additional 693 shares during the period. Raymond James Financial Inc. purchased a new stake in Bank First National in the 4th quarter valued at about $287,000. Avantax Advisory Services Inc. grew its holdings in Bank First National by 2.9% in the fourth quarter. Avantax Advisory Services Inc. now owns 10,998 shares of the company's stock valued at $1,090,000 after purchasing an additional 313 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Bank First National during the 4th quarter worth $277,000. 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.