Bank First National (NASDAQ:BFC) Stock Rating Lowered by Wall Street Zen
by Teresa Graham · The Cerbat GemBank First National (NASDAQ:BFC – Get Free Report) was downgraded by analysts at Wall Street Zen from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Saturday.
Several other research analysts have also recently issued reports on the stock. Scotiabank upgraded shares of Bank First National to a “sector outperform” rating in a report on Monday, January 26th. Piper Sandler lifted 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 note on Monday, April 20th. Weiss Ratings raised shares of Bank First National from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Thursday, April 16th. Finally, Zacks Research downgraded shares of Bank First National from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $153.50.
Get Our Latest Stock Report on Bank First National
Bank First National Price Performance
BFC stock opened at $144.19 on Friday. The business has a 50 day moving average price of $138.28 and a 200 day moving average price of $132.95. The stock has a market cap of $1.61 billion, a price-to-earnings ratio of 20.05 and a beta of 0.40. Bank First National has a fifty-two week low of $108.00 and a fifty-two week high of $152.99. 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 (NASDAQ:BFC – Get Free Report) last announced its quarterly earnings results on Thursday, April 16th. The company reported $2.24 EPS for the quarter, missing the consensus estimate of $2.40 by ($0.16). Bank First National had a net margin of 27.49% and a return on equity of 12.79%. The company had revenue of $74.28 million during the quarter, compared to analysts’ expectations of $65.70 million. During the same quarter in the prior year, the company earned $1.82 earnings per share. Equities research analysts anticipate that Bank First National will post 9.5 earnings per share for the current fiscal year.
Insider Activity
In other Bank First National news, Director Todd A. Sprang bought 450 shares of the stock in a transaction dated Wednesday, April 22nd. The shares were acquired at an average cost of $138.96 per share, for a total transaction of $62,532.00. Following the completion of the transaction, the director owned 2,015 shares in the company, valued at approximately $280,004.40. The trade was a 28.75% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Steven M. Eldred sold 8,000 shares of Bank First National 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 transaction, the director directly owned 125,680 shares in the company, valued at $19,097,076. The trade was a 5.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders bought 825 shares of company stock valued at $115,200. 4.10% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Bank First National
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of Bank First National by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 598,817 shares of the company’s stock worth $72,948,000 after buying an additional 10,052 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in Bank First National by 2,452,855.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 490,591 shares of the company’s stock valued at $59,764,000 after acquiring an additional 490,571 shares during the period. Geode Capital Management LLC increased its position in Bank First National by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 247,275 shares of the company’s stock valued at $30,127,000 after acquiring an additional 8,308 shares during the period. Dimensional Fund Advisors LP raised its stake in Bank First National by 23.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 131,725 shares of the company’s stock valued at $16,048,000 after acquiring an additional 24,700 shares during the last quarter. Finally, First Trust Advisors LP raised its stake in Bank First National by 112.1% during the 4th quarter. First Trust Advisors LP now owns 66,620 shares of the company’s stock valued at $8,116,000 after acquiring an additional 35,214 shares during the last quarter. 29.95% of the stock is owned by hedge funds and other institutional investors.
About Bank First National
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.