Creative Planning Boosts Stock Position in Bank First National Corporation $BFC

Creative Planning raised its stake in shares of Bank First National Corporation (NASDAQ:BFC) by 3.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 57,162 shares of the company’s stock after buying an additional 2,167 shares during the quarter. Creative Planning owned about 0.58% of Bank First National worth $6,725,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. CWM LLC grew its stake 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 during the last quarter. Allianz Asset Management GmbH bought a new position in Bank First National in the 1st quarter worth about $222,000. N.E.W. Advisory Services LLC grew its position in Bank First National by 3.0% during the 1st quarter. N.E.W. Advisory Services LLC now owns 5,628 shares of the company’s stock valued at $567,000 after purchasing an additional 162 shares during the last quarter. XTX Topco Ltd purchased a new stake in Bank First National during the 1st quarter valued at about $219,000. Finally, Vanguard Group Inc. increased its stake in Bank First National by 12.3% during the 1st quarter. Vanguard Group Inc. now owns 581,909 shares of the company’s stock valued at $58,622,000 after purchasing an additional 63,568 shares in the last quarter. 29.95% of the stock is owned by institutional investors.

Bank First National Stock Performance

Shares of BFC stock opened at $120.81 on Thursday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.02. The company has a 50 day moving average price of $125.91 and a 200-day moving average price of $122.15. Bank First National Corporation has a 52 week low of $92.49 and a 52 week high of $135.72. The firm has a market capitalization of $1.19 billion, a PE ratio of 16.99 and a beta of 0.42.

Bank First National (NASDAQ:BFC) last issued its earnings results on Friday, November 7th. The company reported $1.91 earnings per share (EPS) for the quarter. The company had revenue of $44.21 million for the quarter. Bank First National had a net margin of 29.34% and a return on equity of 11.28%. As a group, equities research analysts expect that Bank First National Corporation will post 6.9 earnings per share for the current 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 $0.45 dividend. The ex-dividend date of this dividend is Wednesday, December 24th. This represents a $1.80 annualized dividend and a dividend yield of 1.5%. Bank First National’s payout ratio is presently 25.32%.

Analyst Upgrades and Downgrades

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

Bank First National 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.