Vanguard Group Inc. Raises Stock Holdings in Bank First National Corporation $BFC

Vanguard Group Inc. raised its position in shares of Bank First National Corporation (NASDAQ:BFC) by 1.7% during the 4th quarter, Holdings Channel reports. The fund owned 598,817 shares of the company’s stock after purchasing an additional 10,052 shares during the period. Vanguard Group Inc. owned approximately 0.06% of Bank First National worth $72,948,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of BFC. Dimensional Fund Advisors LP raised its holdings in shares of Bank First National by 41.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 107,025 shares of the company’s stock worth $12,983,000 after acquiring an additional 31,510 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of Bank First National by 393.6% during the 3rd quarter. First Trust Advisors LP now owns 31,406 shares of the company’s stock worth $3,810,000 after acquiring an additional 25,043 shares in the last quarter. Rafferty Asset Management LLC purchased a new stake in shares of Bank First National during the 3rd quarter worth approximately $2,993,000. Jane Street Group LLC raised its holdings in shares of Bank First National by 212.7% during the 2nd quarter. Jane Street Group LLC now owns 34,276 shares of the company’s stock worth $4,033,000 after acquiring an additional 23,314 shares in the last quarter. Finally, UBS Group AG raised its holdings in shares of Bank First National by 211.8% during the 3rd quarter. UBS Group AG now owns 33,275 shares of the company’s stock worth $4,037,000 after acquiring an additional 22,604 shares in the last quarter. 29.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BFC has been the topic of several recent research reports. Piper Sandler upped their price objective on Bank First National from $150.00 to $157.00 and gave the stock a “neutral” rating in a report on Monday, April 20th. Scotiabank raised Bank First National to a “sector outperform” rating in a report on Monday, January 26th. Weiss Ratings raised Bank First National from a “buy (b+)” rating to a “buy (a-)” rating in a report on Thursday, April 16th. Zacks Research cut Bank First National from a “hold” rating to a “strong sell” rating in a report on Thursday, April 30th. Finally, Wall Street Zen cut Bank First National from a “sell” rating to a “strong sell” rating in a report on Saturday, April 25th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $153.50.

Insiders Place Their Bets

In related news, Director Todd A. Sprang bought 450 shares of the stock in a transaction dated Wednesday, April 22nd. The stock was purchased at an average cost of $138.96 per share, with a total value of $62,532.00. Following the completion of the purchase, the director owned 2,015 shares of the company’s stock, valued at $280,004.40. This trade represents a 28.75% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Michael S. Stayer-Suprick bought 225 shares of the stock in a transaction dated Tuesday, April 21st. The shares were bought at an average cost of $140.04 per share, with a total value of $31,509.00. Following the completion of the purchase, the director directly owned 4,597 shares of the company’s stock, valued at approximately $643,763.88. This trade represents a 5.15% increase in their position. The SEC filing for this purchase provides additional information. 4.97% of the stock is currently owned by insiders.

Bank First National Stock Performance

NASDAQ:BFC opened at $143.77 on Friday. The stock’s fifty day moving average is $139.27 and its 200 day moving average is $134.41. Bank First National Corporation has a fifty-two week low of $109.11 and a fifty-two week high of $152.99. The firm has a market capitalization of $1.60 billion, a PE ratio of 20.00 and a beta of 0.44. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.00 and a current ratio of 0.94.

Bank First National (NASDAQ:BFC) last announced its quarterly earnings data 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 11.89%. The business had revenue of $63.75 million during the quarter, compared to the consensus estimate of $65.70 million. During the same period last year, the company earned $1.82 EPS. On average, sell-side analysts anticipate that Bank First National Corporation will post 9.5 earnings per share for the current year.

Bank First National Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Stockholders of record on Wednesday, June 24th will be paid a dividend of $0.55 per share. This is an increase from Bank First National’s previous quarterly dividend of $0.50. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Wednesday, June 24th. Bank First National’s payout ratio is presently 27.82%.

Bank First National Company 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.