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Bank First National (NASDAQ:BFC) stock has reached a significant milestone, hitting an all-time high of 118.0 USD, just shy of its 52-week high of 119.04 USD. According to InvestingPro analysis, the stock appears slightly overvalued at current levels. This achievement marks a notable moment for the company, reflecting a robust performance over the past year. The stock has delivered an impressive 50.39% return over the last twelve months, with analysts setting price targets between $115-130. InvestingPro data reveals the company has maintained dividend payments for 16 consecutive years, demonstrating consistent shareholder returns. The company’s ability to reach such heights underscores its strategic initiatives and operational efficiencies, positioning it favorably in the financial sector. With a market capitalization of $1.16 billion and a P/E ratio of 17.11, the bank shows solid fundamentals. InvestingPro subscribers can access 8 additional key insights about Bank First National’s performance and outlook.
In other recent news, Bank First National Corp. reported strong financial results for the first quarter, with a return on assets of 1.6% and a return on tangible common equity of 16%. The company experienced a 5% positive surprise in pre-provision net revenue, attributed to significant balance sheet growth and an increase in core fee income. Piper Sandler adjusted its price target for Bank First National Corp. to $111, up from $110, while maintaining a neutral rating on the stock. The firm highlighted the company’s potential for long-term value and its strong position for mergers and acquisitions, which could enhance scale and earnings per share growth. Despite the positive outlook, the neutral rating is due to the stock’s premium valuation, trading at high multiples of the firm’s estimated earnings per share for 2025 and 2026. The earnings per share estimates for these years have been revised upward to $7.25 and $7.40, respectively. The revised price target reflects a 15.0x multiple of the 2026 earnings estimate, considering the company’s stable credit quality and superior profitability outlook.
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