Teacher Retirement System of Texas Trims Holdings in Bank First National Corporation $BFC

Teacher Retirement System of Texas cut its position in shares of Bank First National Corporation (NASDAQ:BFC) by 21.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,988 shares of the company’s stock after selling 537 shares during the quarter. Teacher Retirement System of Texas’ holdings in Bank First National were worth $234,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. CWM LLC increased its position in shares of Bank First National by 176.3% in the first quarter. CWM LLC now owns 572 shares of the company’s stock worth $58,000 after acquiring an additional 365 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in Bank First National by 17,650.0% in the second quarter. Nisa Investment Advisors LLC now owns 710 shares of the company’s stock valued at $84,000 after acquiring an additional 706 shares in the last quarter. XTX Topco Ltd bought a new position in shares of Bank First National during the first quarter worth about $219,000. Allianz Asset Management GmbH acquired a new position in shares of Bank First National in the 1st quarter worth approximately $222,000. Finally, HighTower Advisors LLC bought a new stake in Bank First National during the first quarter valued at $567,000. 29.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on BFC shares. Wall Street Zen cut shares of Bank First National from a “hold” rating to a “sell” rating in a report on Saturday, July 26th. Weiss Ratings reiterated a “buy (b)” rating on shares of Bank First National in a research report on Wednesday, October 8th. Hovde Group upped their target price on Bank First National from $145.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, October 22nd. Finally, Piper Sandler raised their price objective on shares of Bank First National from $137.00 to $142.00 and gave the stock a “neutral” rating in a research note on Thursday, October 23rd. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Bank First National currently has a consensus rating of “Moderate Buy” and a consensus target price of $146.00.

Bank First National Price Performance

NASDAQ BFC opened at $125.71 on Wednesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market capitalization of $186.05 million, a price-to-earnings ratio of 17.68 and a beta of 0.42. The company has a 50 day simple moving average of $126.63 and a 200-day simple moving average of $121.73. Bank First National Corporation has a 52-week low of $92.49 and a 52-week high of $135.72.

Bank First National (NASDAQ:BFC) last released its quarterly earnings data on Friday, November 7th. The company reported $1.91 earnings per share for the quarter. Bank First National had a net margin of 29.34% and a return on equity of 11.28%. The firm had revenue of $44.21 million for the quarter. Equities research analysts predict that Bank First National Corporation will post 6.9 earnings per share for the current fiscal year.

Bank First National Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Wednesday, December 24th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Wednesday, December 24th. Bank First National’s dividend payout ratio (DPR) is currently 25.32%.

Insider Transactions at Bank First National

In other news, Director Michael S. Stayer-Suprick acquired 410 shares of Bank First National stock in a transaction that occurred on Tuesday, August 19th. The stock was purchased at an average price of $122.67 per share, with a total value of $50,294.70. Following the completion of the transaction, the director owned 3,965 shares in the company, valued at approximately $486,386.55. This trade represents a 11.53% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 4.10% of the company’s stock.

About Bank First National

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.