Renaissance Technologies LLC Has $4.57 Million Stock Position in Bank First National Corporation $BFC

Renaissance Technologies LLC lowered its stake in Bank First National Corporation (NASDAQ:BFC) by 35.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 33,800 shares of the company’s stock after selling 18,655 shares during the quarter. Renaissance Technologies LLC’s holdings in Bank First National were worth $4,565,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in BFC. Royal Bank of Canada lifted its position in 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 acquiring an additional 149 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of Bank First National by 22.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 816 shares of the company’s stock worth $96,000 after acquiring an additional 150 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Bank First National by 920.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 204 shares of the company’s stock valued at $25,000 after buying an additional 184 shares during the last quarter. N.E.W. Advisory Services LLC increased its position in shares of Bank First National by 4.5% in the fourth quarter. N.E.W. Advisory Services LLC now owns 5,466 shares of the company’s stock valued at $666,000 after acquiring an additional 237 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised 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 worth $580,000 after purchasing an additional 250 shares in the last quarter. Institutional investors and hedge funds own 29.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on BFC. Zacks Research raised Bank First National from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 23rd. Weiss Ratings cut shares of Bank First National from a “buy (a-)” rating to a “buy (b+)” rating in a report on Thursday, June 4th. Piper Sandler raised their price objective on shares of Bank First National from $157.00 to $161.00 and gave the stock a “neutral” rating in a research report on Thursday, July 23rd. Hovde Group boosted their price objective on Bank First National from $160.00 to $165.00 and gave the stock an “outperform” rating in a report on Thursday, May 21st. Finally, Wall Street Zen raised Bank First National from a “strong sell” rating to a “hold” rating in a report on Saturday, May 16th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $163.00.

Bank First National Price Performance

NASDAQ:BFC opened at $154.95 on Friday. Bank First National Corporation has a 52 week low of $115.29 and a 52 week high of $157.45. The firm has a market cap of $1.72 billion, a price-to-earnings ratio of 20.15 and a beta of 0.41. The firm’s 50-day simple moving average is $146.81 and its 200 day simple moving average is $142.64. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.94 and a current ratio of 0.94.

Bank First National (NASDAQ:BFC) last posted its quarterly earnings data on Tuesday, July 21st. The company reported $2.45 earnings per share (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 13.02%. The firm had revenue of $75.04 million during the quarter, compared to the consensus estimate of $65.25 million. As a group, sell-side analysts predict that Bank First National Corporation will post 9.91 earnings per share for the current year.

Bank First National Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Wednesday, September 23rd will be given a $0.60 dividend. The ex-dividend date is Wednesday, September 23rd. This is a positive change from Bank First National’s previous quarterly dividend of $0.55. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.5%. Bank First National’s dividend payout ratio (DPR) is presently 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.