Quantbot Technologies LP Makes New Investment in Bank First National Corporation $BFC

Quantbot Technologies LP bought a new stake in shares of Bank First National Corporation (NASDAQ:BFC) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 4,310 shares of the company’s stock, valued at approximately $639,000.

A number of other large investors also recently made changes to their positions in the business. Royal Bank of Canada increased its holdings in shares of Bank First National by 95.5% in the 4th quarter. Royal Bank of Canada now owns 305 shares of the company’s stock valued at $36,000 after purchasing an additional 149 shares during the period. BNP Paribas Financial Markets grew its position in Bank First National by 22.5% during the second quarter. BNP Paribas Financial Markets now owns 816 shares of the company’s stock valued at $96,000 after purchasing an additional 150 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Bank First National by 920.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 204 shares of the company’s stock valued at $25,000 after purchasing an additional 184 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Bank First National by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,756 shares of the company’s stock valued at $580,000 after buying an additional 250 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its stake in Bank First National by 5.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,276 shares of the company’s stock valued at $643,000 after buying an additional 256 shares during the period. Institutional investors and hedge funds own 29.95% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on BFC. Wall Street Zen raised shares of Bank First National from a “strong sell” rating to a “hold” rating in a research note on Saturday, May 16th. Piper Sandler upped their price target on shares of Bank First National from $157.00 to $161.00 and gave the stock a “neutral” rating in a research note on Thursday, July 23rd. Weiss Ratings upgraded Bank First National from a “buy (b+)” rating to a “buy (a-)” rating in a report on Tuesday, August 11th. Hovde Group boosted their target price on Bank First National from $160.00 to $165.00 and gave the company an “outperform” rating in a research note on Thursday, May 21st. Finally, Zacks Research raised Bank First National from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $163.00.

Bank First National Stock Down 1.2%

Shares of Bank First National stock opened at $151.85 on Friday. The stock has a market capitalization of $1.68 billion, a P/E ratio of 19.75 and a beta of 0.41. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.03. The stock has a 50 day moving average price of $150.71 and a two-hundred day moving average price of $144.19. Bank First National Corporation has a 12-month low of $119.08 and a 12-month high of $159.10.

Bank First National (NASDAQ:BFC) last released its quarterly earnings results on Tuesday, July 21st. The company reported $2.45 EPS for the quarter, beating analysts’ consensus estimates of $2.40 by $0.05. Bank First National had a net margin of 27.70% and a return on equity of 12.48%. The company had revenue of $65.03 million for the quarter, compared to analyst estimates of $65.25 million. Equities analysts expect that Bank First National Corporation will post 9.91 earnings per share for the current year.

Bank First National Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Wednesday, September 23rd will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Wednesday, September 23rd. This is a boost from Bank First National’s previous quarterly dividend of $0.55. Bank First National’s dividend payout ratio (DPR) is 28.61%.

Bank First National Profile

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.