Bank First National (NASDAQ:BFC) Director Steven Eldred Sells 8,000 Shares

Bank First National Corporation (NASDAQ:BFC) Director Steven Eldred sold 8,000 shares of the company’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $145.02, for a total value of $1,160,160.00. Following the completion of the transaction, the director directly owned 133,680 shares in the company, valued at $19,386,273.60. This trade represents a 5.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Bank First National Stock Down 1.2%

NASDAQ:BFC opened at $145.17 on Friday. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 20.08 and a beta of 0.42. Bank First National Corporation has a twelve month low of $93.00 and a twelve month high of $152.99. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.02. The stock has a fifty day simple moving average of $133.40 and a 200-day simple moving average of $128.08.

Bank First National (NASDAQ:BFC) last posted its quarterly earnings results on Thursday, January 22nd. The company reported $2.00 EPS for the quarter, topping the consensus estimate of $1.75 by $0.25. Bank First National had a net margin of 29.31% and a return on equity of 11.68%. The company had revenue of $49.68 million for the quarter, compared to the consensus estimate of $43.75 million. Analysts anticipate that Bank First National Corporation will post 6.9 EPS for the current year.

Bank First National Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 25th will be paid a dividend of $0.50 per share. This is a boost from Bank First National’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Wednesday, March 25th. Bank First National’s payout ratio is presently 24.90%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on BFC shares. Wall Street Zen raised Bank First National from a “sell” rating to a “hold” rating in a research note on Friday, January 23rd. Zacks Research raised Bank First National from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 27th. Scotiabank upgraded Bank First National to a “sector outperform” rating in a research note on Monday, January 26th. Hovde Group lifted their price objective on Bank First National from $145.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, October 22nd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bank First National in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $150.00.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Bank First National by 920.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 204 shares of the company’s stock worth $25,000 after purchasing an additional 184 shares during the last quarter. State of Alaska Department of Revenue bought a new position in Bank First National in the third quarter worth about $48,000. CWM LLC lifted its position in shares of Bank First National by 17.0% during the second quarter. CWM LLC now owns 669 shares of the company’s stock valued at $79,000 after buying an additional 97 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Bank First National by 17,650.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 710 shares of the company’s stock valued at $84,000 after buying an additional 706 shares in the last quarter. Finally, Russell Investments Group Ltd. purchased a new position in shares of Bank First National in the 3rd quarter worth approximately $94,000. 29.95% of the stock is owned by institutional investors.

About Bank First National

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.