Piper Sandler Issues Positive Forecast for Bank First National (NASDAQ:BFC) Stock Price

Bank First National (NASDAQ:BFC - Get Free Report) had its target price hoisted by research analysts at Piper Sandler from $115.00 to $137.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. Piper Sandler's target price indicates a potential upside of 3.41% from the stock's previous close.

Separately, Hovde Group raised shares of Bank First National from a "market perform" rating to an "outperform" rating and set a $130.00 price target on the stock in a report on Tuesday, May 6th.

Bank First National Price Performance

Shares of NASDAQ BFC traded up $3.07 during midday trading on Monday, reaching $132.48. 153,592 shares of the company were exchanged, compared to its average volume of 43,624. The stock has a market cap of $1.31 billion, a P/E ratio of 19.12 and a beta of 0.39. The stock's 50-day moving average price is $117.62 and its 200-day moving average price is $108.21. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.02. Bank First National has a one year low of $82.50 and a one year high of $132.65.

Bank First National (NASDAQ:BFC - Get Free Report) last released its earnings results on Friday, July 18th. The company reported $1.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.80 by ($0.09). The firm had revenue of $41.60 million during the quarter, compared to analyst estimates of $43.85 million. Bank First National had a net margin of 29.04% and a return on equity of 10.81%. On average, sell-side analysts anticipate that Bank First National will post 6.9 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Bank First National

Several hedge funds and other institutional investors have recently modified their holdings of BFC. Merit Financial Group LLC raised its holdings in Bank First National by 9.0% during the 2nd quarter. Merit Financial Group LLC now owns 177,977 shares of the company's stock worth $20,939,000 after buying an additional 14,717 shares during the period. Wealthcare Advisory Partners LLC increased its position in Bank First National by 63.4% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 37,974 shares of the company's stock worth $4,468,000 after buying an additional 14,734 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in Bank First National by 58.1% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 6,052 shares of the company's stock worth $749,000 after buying an additional 2,224 shares during the period. Jane Street Group LLC increased its position in shares of Bank First National by 194.8% during the first quarter. Jane Street Group LLC now owns 10,962 shares of the company's stock valued at $1,104,000 after purchasing an additional 7,244 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Bank First National by 58.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 20,843 shares of the company's stock valued at $2,100,000 after purchasing an additional 7,656 shares during the period. 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.