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

Shares of Bank First National Corporation (NASDAQ:BFC - Get Free Report) saw unusually-high trading volume on Monday . Approximately 162,312 shares changed hands 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.

Wall Street Analyst Weigh In

BFC has been the subject of several recent research reports. Piper Sandler boosted their price objective on 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 upgraded Bank First National from a "market perform" rating to an "outperform" rating and set a $130.00 target price for the company in a report on Tuesday, May 6th.

Bank First National Stock Performance

The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.02. The company has a market cap of $1.22 billion, a P/E ratio of 18.08 and a beta of 0.39. The business has a fifty day moving average of $116.31 and a 200 day moving average of $107.00.

Bank First National (NASDAQ:BFC - Get Free Report) last announced its 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 the consensus estimate of $41.80 million. Bank First National had a return on equity of 10.73% and a net margin of 29.22%. On average, equities analysts predict that Bank First National Corporation will post 6.9 EPS 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 paid 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 dividend payout ratio is currently 26.43%.

Institutional Investors Weigh In On Bank First National

Institutional investors have recently modified their holdings of the stock. Commonwealth Equity Services LLC boosted its position in shares of Bank First National by 2.3% during the fourth quarter. Commonwealth Equity Services LLC now owns 4,731 shares of the company's stock valued at $469,000 after buying an additional 105 shares during the last quarter. Mariner LLC boosted its position in shares of Bank First National by 4.7% during the fourth quarter. Mariner LLC now owns 2,497 shares of the company's stock valued at $247,000 after buying an additional 112 shares during the last quarter. Citadel Advisors LLC boosted its position in shares of Bank First National by 1.2% during the fourth quarter. Citadel Advisors LLC now owns 10,264 shares of the company's stock valued at $1,017,000 after buying an additional 119 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Bank First National by 2.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,531 shares of the company's stock valued at $449,000 after buying an additional 123 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Bank First National by 2.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,506 shares of the company's stock valued at $546,000 after buying an additional 124 shares during the last quarter. 29.95% of the stock is owned by hedge funds and other institutional investors.

About Bank First National

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.