Bank First National (NASDAQ:BFC) Sees Unusually-High Trading Volume - Here's What Happened

Bank First National Corporation (NASDAQ:BFC - Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 80,898 shares were traded during 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

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

Bank First National Stock Performance

The firm has a market cap of $1.19 billion, a PE ratio of 17.62 and a beta of 0.39. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.00 and a quick ratio of 1.00. The business has a 50-day simple moving average of $116.31 and a 200 day simple moving average of $106.91.

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

Bank First National Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 9th were paid a $3.50 dividend. This is a boost 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 Trading of Bank First National

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in Bank First National by 12.3% during the first 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. Northern Trust Corp lifted its holdings in shares of Bank First National by 5.6% in the 4th quarter. Northern Trust Corp now owns 95,639 shares of the company's stock worth $9,477,000 after acquiring an additional 5,098 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of 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 purchasing an additional 19,131 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in 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 valued at $7,488,000 after purchasing an additional 693 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Bank First National by 103.2% during the 4th quarter. JPMorgan Chase & Co. now owns 48,500 shares of the company's stock valued at $4,806,000 after purchasing an additional 24,635 shares during the last quarter. 29.95% of the stock is currently owned by hedge funds and other institutional investors.

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.