J.W. Cole Advisors Inc. Takes Position in Bank First National Corporation $BFC

J.W. Cole Advisors Inc. bought a new stake in shares of Bank First National Corporation (NASDAQ:BFC) during the fourth quarter, Holdings Channel.com reports. The fund bought 52,045 shares of the company’s stock, valued at approximately $6,340,000.

A number of other large investors have also recently modified their holdings of BFC. AQR Capital Management LLC boosted its stake in shares of Bank First National by 102.9% during the 1st quarter. AQR Capital Management LLC now owns 17,100 shares of the company’s stock valued at $1,723,000 after purchasing an additional 8,672 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Bank First National by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,756 shares of the company’s stock valued at $580,000 after purchasing an additional 250 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Bank First National by 58.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 20,843 shares of the company’s stock valued at $2,100,000 after purchasing an additional 7,656 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of Bank First National by 194.8% during the 1st quarter. Jane Street Group LLC now owns 10,962 shares of the company’s stock valued at $1,104,000 after purchasing an additional 7,244 shares in the last quarter. Finally, First Trust Advisors LP boosted its stake in shares of Bank First National by 5.1% during the 2nd quarter. First Trust Advisors LP now owns 6,363 shares of the company’s stock valued at $749,000 after purchasing an additional 309 shares in the last quarter. Institutional investors own 29.95% of the company’s stock.

Bank First National Trading Up 0.3%

Shares of NASDAQ BFC opened at $140.34 on Friday. Bank First National Corporation has a 1 year low of $109.11 and a 1 year high of $152.99. The stock has a market cap of $1.57 billion, a P/E ratio of 19.52 and a beta of 0.42. The firm has a 50-day moving average of $141.19 and a 200 day moving average of $136.15. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.94 and a quick ratio of 0.94.

Bank First National (NASDAQ:BFC) last issued its quarterly earnings results on Thursday, April 16th. The company reported $2.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $65.70 million. During the same period last year, the business earned $1.82 earnings per share. As a group, sell-side analysts expect that Bank First National Corporation will post 9.5 EPS for the current fiscal year.

Bank First National Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Shareholders of record on Wednesday, June 24th will be issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.6%. This is a boost from Bank First National’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Wednesday, June 24th. Bank First National’s dividend payout ratio is presently 27.82%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on BFC. Piper Sandler lifted their target price on shares of Bank First National from $150.00 to $157.00 and gave the company a “neutral” rating in a research note on Monday, April 20th. Zacks Research cut shares of Bank First National from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 30th. Wall Street Zen raised shares of Bank First National from a “strong sell” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings cut shares of Bank First National from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Thursday. Finally, Hovde Group lifted their price target on shares of Bank First National from $160.00 to $165.00 and gave the company an “outperform” rating in a research report on Thursday, May 21st. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $161.00.

Insider Activity

In other news, Director Michael S. Stayer-Suprick bought 225 shares of the firm’s stock in a transaction on Tuesday, April 21st. The stock was acquired at an average cost of $140.04 per share, with a total value of $31,509.00. Following the completion of the acquisition, the director owned 4,597 shares of the company’s stock, valued at approximately $643,763.88. This represents a 5.15% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Todd A. Sprang bought 450 shares of the firm’s stock in a transaction on 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 acquisition, the director directly owned 2,015 shares of the company’s stock, valued at approximately $280,004.40. The trade was a 28.75% increase in their position. The disclosure for this purchase is available in the SEC filing. 4.97% of the stock is currently owned by insiders.

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.