Key Points
- Director Todd Sprang purchased 400 Bank First National shares at an average price of $148.37, investing $59,348 and increasing his position by 19.69%.
- Bank First National reported quarterly EPS of $2.35, below the $2.60 analyst consensus, while revenue of $75.44 million exceeded expectations. The company also raised its quarterly dividend to $0.65 per share, implying a 1.7% yield.
- Analysts maintain a consensus “Moderate Buy” rating with a $163 price target, compared with shares recently trading around $150.62.
Bank First National Corporation (NASDAQ:BFC - Get Free Report) Director Todd Sprang acquired 400 shares of the firm's stock in a transaction that occurred on Wednesday, October 28th. The stock was bought at an average price of $148.37 per share, for a total transaction of $59,348.00. Following the completion of the transaction, the director owned 2,431 shares of the company's stock, valued at $360,687.47. The trade was a 19.69% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.
Bank First National Trading Up 1.9%
Shares of BFC opened at $150.62 on Friday. Bank First National Corporation has a 1-year low of $119.08 and a 1-year high of $159.10. The company has a market capitalization of $1.67 billion, a P/E ratio of 18.80 and a beta of 0.42. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.93 and a quick ratio of 0.93. The firm's 50 day simple moving average is $150.46 and its 200 day simple moving average is $144.81.
Bank First National (NASDAQ:BFC - Get Free Report) last released its quarterly earnings results on Tuesday, October 20th. The company reported $2.35 EPS for the quarter, missing analysts' consensus estimates of $2.60 by ($0.25). The company had revenue of $75.44 million during the quarter, compared to analysts' expectations of $65.80 million. Bank First National had a return on equity of 12.89% and a net margin of 27.38%. Sell-side analysts forecast that Bank First National Corporation will post 9.94 earnings per share for the current fiscal year.
Bank First National Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 6th. Stockholders of record on Wednesday, December 23rd will be issued a dividend of $0.65 per share. The ex-dividend date of this dividend is Wednesday, December 23rd. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.7%. This is an increase from Bank First National's previous quarterly dividend of $0.60. Bank First National's payout ratio is presently 29.96%.
Institutional Trading of Bank First National
A number of hedge funds have recently bought and sold shares of the company. Ancora Advisors LLC bought a new position in Bank First National during the second quarter valued at approximately $26,000. Versant Capital Management Inc increased its holdings in shares of Bank First National by 53.8% in the third quarter. Versant Capital Management Inc now owns 200 shares of the company's stock worth $30,000 after buying an additional 70 shares during the period. Johnson Financial Group Inc. purchased a new position in Bank First National in the 2nd quarter worth approximately $99,000. Ballast Advisors LLC bought a new position in shares of Bank First National during the first quarter valued at about $154,000. Finally, Pictet Asset Management Holding SA purchased a new stake in Bank First National in the first quarter worth $206,000. Institutional investors own 29.95% of the company's stock.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on the stock. Zacks Research lowered shares of Bank First National from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 14th. Weiss Ratings upgraded Bank First National from a "buy (b+)" rating to a "buy (a-)" rating in a research report on Friday, October 16th. Finally, Piper Sandler raised their price target on Bank First National from $157.00 to $161.00 and gave the company a "neutral" rating in a research report on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $163.00.
Read Our Latest Stock Analysis on Bank First National
Bank First National Company Profile
(
Get Free Report)
Bank First National, operating as Bank First Corporation (NASDAQ:BFC), is the holding company for Bank First, a community bank headquartered in Manitowoc, Wisconsin. The bank provides banking services to individuals, families, businesses and municipalities through locations across Wisconsin.
Its products and services include checking and savings accounts, certificates of deposit, consumer loans, residential mortgages, commercial real estate and business lending, agricultural loans, treasury management and online and mobile banking.
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