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

Bank First National Corporation (NASDAQ:BFC - Get Free Report) shares saw unusually-high trading volume on Monday . Approximately 162,312 shares were traded during mid-day trading, an increase of 313% from the previous session's volume of 39,272 shares.The stock last traded at $121.09 and had previously closed at $119.98.

Analysts Set New Price Targets

BFC has been the subject of several research analyst reports. Piper Sandler boosted their price target 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. Hovde Group raised 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.

Bank First National Stock Up 3.8%

The firm has a market capitalization of $1.25 billion, a P/E ratio of 18.47 and a beta of 0.39. The firm's 50-day moving average is $116.65 and its 200 day moving average is $107.35. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.00 and a current ratio of 1.00.

Bank First National (NASDAQ:BFC - Get Free Report) last posted its quarterly earnings data on Tuesday, April 15th. The company reported $1.82 EPS for the quarter, beating the consensus estimate of $1.62 by $0.20. The business had revenue of $43.10 million for the quarter, compared to analysts' expectations of $41.80 million. Bank First National had a net margin of 29.22% and a return on equity of 10.73%. As a group, equities research analysts predict that Bank First National Corporation will post 6.9 EPS for the current fiscal year.

Bank First National Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, May 16th. Investors of record on Friday, May 9th were given a $3.50 dividend. This is a boost from Bank First National's previous dividend of $0.20. The ex-dividend date of this dividend was Friday, May 9th. Bank First National's payout ratio is currently 26.43%.

Institutional Investors Weigh In On Bank First National

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp raised its holdings in shares of Bank First National by 3.5% in the 4th quarter. Bank of New York Mellon Corp now owns 39,977 shares of the company's stock valued at $3,961,000 after purchasing an additional 1,337 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Bank First National by 0.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 75,563 shares of the company's stock valued at $7,488,000 after buying an additional 693 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Bank First National in the 4th quarter valued at about $287,000. Avantax Advisory Services Inc. grew its position in shares of Bank First National by 2.9% during the 4th quarter. Avantax Advisory Services Inc. now owns 10,998 shares of the company's stock worth $1,090,000 after purchasing an additional 313 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Bank First National during the 4th quarter worth approximately $277,000. 29.95% of the stock is owned by 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.