Bank First National (NASDAQ:BFC) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded Bank First National (NASDAQ:BFC) from a "sell" to a "strong sell" rating in a research note issued Saturday.
• Analyst views are mixed: MarketBeat's consensus remains a Moderate Buy with an average target of $153.50, while individual firms' ratings range from Strong Buy to Hold.
• In the most recent quarter BFC reported EPS of $2.24, missing estimates by $0.16 but posting revenue of $74.28M above forecasts; the stock opened at $144.19 and the company has a market cap of $1.61B.

Bank First National (NASDAQ:BFC - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "sell" rating to a "strong sell" rating in a research note issued to investors on Saturday.

A number of other research analysts also recently issued reports on the stock. Piper Sandler boosted their price target on shares of Bank First National from $150.00 to $157.00 and gave the stock a "neutral" rating in a research report on Monday. Scotiabank upgraded shares of Bank First National to a "sector outperform" rating in a research report on Monday, January 26th. Zacks Research downgraded shares of Bank First National from a "strong-buy" rating to a "hold" rating in a research report on Thursday, March 26th. Finally, Weiss Ratings upgraded shares of Bank First National from a "buy (b+)" rating to a "buy (a-)" rating in a research report on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Bank First National currently has a consensus rating of "Moderate Buy" and an average target price of $153.50.

Bank First National Stock Up 1.7%

Shares of NASDAQ BFC opened at $144.19 on Friday. The company has a market capitalization of $1.61 billion, a P/E ratio of 20.05 and a beta of 0.40. Bank First National has a 52-week low of $108.00 and a 52-week high of $152.99. 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 company's 50 day moving average price is $138.28 and its 200-day moving average price is $132.94.

Bank First National (NASDAQ:BFC - Get Free Report) last issued its quarterly earnings results on Thursday, April 16th. The company reported $2.24 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.40 by ($0.16). The firm had revenue of $74.28 million during the quarter, compared to analyst estimates of $65.70 million. Bank First National had a return on equity of 12.79% and a net margin of 27.49%.During the same quarter last year, the firm posted $1.82 EPS. Equities analysts forecast that Bank First National will post 9.5 earnings per share for the current year.

Insider Buying and Selling at Bank First National

In other Bank First National news, Director Steven M. Eldred sold 8,000 shares of the business's stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $151.95, for a total transaction of $1,215,600.00. Following the completion of the sale, the director owned 125,680 shares in the company, valued at approximately $19,097,076. The trade was a 5.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Michael S. Stayer-Suprick purchased 225 shares of the firm's stock in a transaction on Tuesday, April 21st. The shares were acquired at an average price of $140.04 per share, with a total value of $31,509.00. Following the purchase, the director directly owned 4,597 shares in the company, valued at $643,763.88. This represents a 5.15% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders acquired 825 shares of company stock worth $115,200. 3.42% of the stock is owned by corporate insiders.

Institutional Trading of Bank First National

Hedge funds and other institutional investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. increased its stake in Bank First National by 920.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 204 shares of the company's stock valued at $25,000 after purchasing an additional 184 shares in the last quarter. Royal Bank of Canada grew its stake in shares of Bank First National by 95.5% in the 4th quarter. Royal Bank of Canada now owns 305 shares of the company's stock worth $36,000 after acquiring an additional 149 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its stake in shares of Bank First National by 406.8% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 370 shares of the company's stock worth $45,000 after acquiring an additional 297 shares in the last quarter. State of Alaska Department of Revenue bought a new stake in shares of Bank First National in the 3rd quarter worth $48,000. Finally, Russell Investments Group Ltd. bought a new stake in shares of Bank First National in the 3rd quarter worth $94,000. Institutional investors own 29.95% of the company's stock.

Bank First National Company Profile

Bank First National Corporation NASDAQ: BFC is the bank holding company for Bank First National, a community bank headquartered in Princeton, Wisconsin. The company offers a comprehensive suite of financial services designed to meet the needs of individuals, families, small businesses and agricultural clients. Through its branch network and digital channels, Bank First National provides deposit accounts, consumer and commercial lending, mortgage financing and treasury management solutions.

The bank's core deposit products include checking and savings accounts, money market funds and certificates of deposit, complemented by online and mobile banking platforms that enable customers to manage their finances remotely.

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