Bank First National (NASDAQ:BFC) Sees Strong Trading Volume - Here's Why

Shares of Bank First National Corporation (NASDAQ:BFC - Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 80,898 shares changed hands during mid-day trading, an increase of 121% from the previous session's volume of 36,684 shares.The stock last traded at $122.27 and had previously closed at $121.78.

Analyst Upgrades and Downgrades

Several equities analysts have commented on BFC shares. Hovde Group raised shares of Bank First National from a "market perform" rating to an "outperform" rating and set a $130.00 target price on the stock in a report on Tuesday, May 6th. Piper Sandler raised their target price 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 Trading Down 2.2%

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 stock has a market capitalization of $1.19 billion, a P/E ratio of 17.66 and a beta of 0.39. The firm's fifty day simple moving average is $116.16 and its 200 day simple moving average is $106.77.

Bank First National (NASDAQ:BFC - Get Free Report) last posted its quarterly earnings results on Tuesday, April 15th. The company reported $1.82 earnings per share for the quarter, beating analysts' consensus estimates 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. As a group, equities research analysts forecast that Bank First National Corporation will post 6.9 EPS for the current fiscal year.

Bank First National Increases Dividend

The business also recently declared a dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, May 9th were paid 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 (DPR) is presently 26.43%.

Institutional Investors Weigh In On Bank First National

A number of hedge funds have recently made changes to their positions in BFC. Vanguard Group Inc. boosted its position in Bank First National by 12.3% during the 1st quarter. Vanguard Group Inc. now owns 581,909 shares of the company's stock worth $58,622,000 after buying an additional 63,568 shares during the period. Nuveen LLC acquired a new stake in Bank First National during the 1st quarter worth approximately $2,607,000. JPMorgan Chase & Co. boosted its position in Bank First National by 103.2% during the 4th quarter. JPMorgan Chase & Co. now owns 48,500 shares of the company's stock worth $4,806,000 after buying an additional 24,635 shares during the period. American Century Companies Inc. boosted its position in Bank First National by 30.2% during the 1st 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. Finally, Dimensional Fund Advisors LP boosted its position in Bank First National by 57.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 30,247 shares of the company's stock worth $2,997,000 after buying an additional 11,096 shares during the period. 29.95% of the stock is currently owned by institutional investors and hedge funds.

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.