Bank First National (NASDAQ:BFC) Reaches New 1-Year High - Should You Buy?

Bank First National Corporation (NASDAQ:BFC - Get Free Report)'s share price hit a new 52-week high during trading on Monday . The company traded as high as $119.89 and last traded at $119.16, with a volume of 56854 shares changing hands. The stock had previously closed at $118.47.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Piper Sandler increased their price objective on Bank First National from $110.00 to $111.00 and gave the stock 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 research note on Tuesday, May 6th.

Bank First National Stock Down 0.7%

The firm has a market capitalization of $1.17 billion, a P/E ratio of 17.28 and a beta of 0.39. The firm's 50 day moving average is $114.02 and its two-hundred day moving average is $105.64. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.00 and a quick ratio of 1.00.

Bank First National (NASDAQ:BFC - Get Free Report) last released its quarterly earnings data on Tuesday, April 15th. The company reported $1.82 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $41.80 million. Research analysts predict 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. Stockholders 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 dividend payout ratio (DPR) is presently 26.43%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BFC. Lazard Asset Management LLC bought a new position in Bank First National in the 4th quarter valued at about $25,000. Sterling Capital Management LLC lifted its position in shares of Bank First National by 771.4% during the 4th quarter. Sterling Capital Management LLC now owns 305 shares of the company's stock valued at $30,000 after acquiring an additional 270 shares during the period. CWM LLC grew its holdings in shares of Bank First National by 176.3% during the 1st quarter. CWM LLC now owns 572 shares of the company's stock worth $58,000 after purchasing an additional 365 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Bank First National in the fourth quarter worth $189,000. Finally, GAMMA Investing LLC raised its stake in Bank First National by 17,300.0% in the first quarter. GAMMA Investing LLC now owns 1,914 shares of the company's stock valued at $193,000 after purchasing an additional 1,903 shares in the last quarter. 29.95% of the stock is 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.