Bank First National Corporation (NASDAQ:BFC) Stock Has Average Target Price of $163.00 According to Analysts

Key Points

• Analyst sentiment is moderately positive: Five analysts give Bank First National a “Moderate Buy” consensus, with three buy ratings and two holds. The average 12-month price target is $163, compared with the stock’s quoted price of $151.22.
• Quarterly earnings slightly exceeded expectations: The company reported earnings of $2.45 per share versus the $2.40 consensus estimate, while revenue of $65.03 million came in just below expectations.
• Bank First raised its dividend: The quarterly payout increased from $0.55 to $0.60 per share, equating to a $2.40 annualized dividend and a 1.6% yield.

Bank First National Corporation (NASDAQ:BFC - Get Free Report) has received an average recommendation of "Moderate Buy" from the five analysts that are covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $163.00.

A number of equities research analysts have recently issued reports on the stock. Piper Sandler boosted their price objective on shares of Bank First National from $157.00 to $161.00 and gave the company a "neutral" rating in a research report on Thursday, July 23rd. Zacks Research cut Bank First National from a "strong-buy" rating to a "hold" rating in a report on Monday, September 14th. Finally, Weiss Ratings downgraded Bank First National from a "buy (a-)" rating to a "buy (b+)" rating in a research report on Friday.

Insider Buying and Selling

In other news, Director Sistine Peter J. Van sold 1,848 shares of the business's stock in a transaction on Friday, September 11th. The shares were sold at an average price of $155.57, for a total value of $287,493.36. Following the transaction, the director owned 7,640 shares of the company's stock, valued at approximately $1,188,554.80. The trade was a 19.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 4.97% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. bought a new stake in Bank First National during the second quarter worth approximately $121,853,000. Dimensional Fund Advisors LP lifted its position in Bank First National by 21.2% in the first quarter. Dimensional Fund Advisors LP now owns 159,678 shares of the company's stock worth $21,565,000 after buying an additional 27,953 shares during the last quarter. First Trust Advisors LP lifted its position in Bank First National by 9.6% in the first quarter. First Trust Advisors LP now owns 73,036 shares of the company's stock worth $9,864,000 after buying an additional 6,416 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in Bank First National during the second quarter worth $6,689,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Bank First National by 1.0% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 19,240 shares of the company's stock worth $2,854,000 after buying an additional 193 shares during the period. 29.95% of the stock is currently owned by institutional investors.

Bank First National Trading Down 0.9%

NASDAQ BFC opened at $151.22 on Tuesday. Bank First National has a twelve month low of $119.08 and a twelve month high of $159.10. The firm has a market capitalization of $1.68 billion, a PE ratio of 19.66 and a beta of 0.42. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.03. The stock's 50 day moving average is $153.18 and its 200 day moving average is $146.42.

Bank First National (NASDAQ:BFC - Get Free Report) last issued its earnings results on Tuesday, July 21st. The company reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.40 by $0.05. The firm had revenue of $65.03 million for the quarter, compared to the consensus estimate of $65.25 million. Bank First National had a net margin of 27.70% and a return on equity of 12.48%. Research analysts forecast that Bank First National will post 9.91 earnings per share for the current fiscal year.

Bank First National Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Wednesday, September 23rd will be given a $0.60 dividend. The ex-dividend date is Wednesday, September 23rd. This is a positive change from Bank First National's previous quarterly dividend of $0.55. This represents a $2.40 annualized dividend and a dividend yield of 1.6%. Bank First National's dividend payout ratio (DPR) is presently 31.21%.

About Bank First National

Bank First Corporation is a Wisconsin-based bank holding company that operates through its subsidiary, Bank First. Headquartered in Manitowoc, Wisconsin, the institution provides banking services to individuals, families, businesses and municipal customers throughout eastern Wisconsin.

Bank First offers deposit accounts, consumer and business loans, mortgage lending, cash-management and treasury services, online and mobile banking, credit and debit cards, and other personal and commercial banking products.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.