First Trust Advisors LP Raises Position in Bank First National Corporation $BFC

First Trust Advisors LP raised its position in shares of Bank First National Corporation (NASDAQ:BFC) by 9.6% during the 1st quarter, HoldingsChannel.com reports. The fund owned 73,036 shares of the company’s stock after acquiring an additional 6,416 shares during the period. First Trust Advisors LP’s holdings in Bank First National were worth $9,864,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. AQR Capital Management LLC boosted its position in shares of Bank First National by 102.9% during the first 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. raised its holdings in Bank First National by 4.5% in the first 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. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Bank First National by 58.1% during the first 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 buying an additional 7,656 shares during the period. Jane Street Group LLC lifted its position in Bank First National by 194.8% during the first quarter. Jane Street Group LLC now owns 10,962 shares of the company’s stock valued at $1,104,000 after buying an additional 7,244 shares during the period. Finally, Qube Research & Technologies Ltd boosted its holdings in shares of Bank First National by 88.0% during the 2nd quarter. Qube Research & Technologies Ltd now owns 18,489 shares of the company’s stock valued at $2,175,000 after buying an additional 8,656 shares in the last quarter. Hedge funds and other institutional investors own 29.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Zacks Research raised shares of Bank First National from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 23rd. 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 lowered shares of Bank First National from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Thursday, June 4th. Hovde Group upped their price objective on shares of Bank First National from $160.00 to $165.00 and gave the stock an “outperform” rating in a report on Thursday, May 21st. Finally, Piper Sandler raised their target price on shares of Bank First National from $157.00 to $161.00 and gave the company a “neutral” rating in a research note on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $163.00.

Bank First National Trading Up 1.0%

Bank First National stock opened at $152.74 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.03. The business’s fifty day simple moving average is $145.64 and its two-hundred day simple moving average is $141.71. Bank First National Corporation has a 12 month low of $115.29 and a 12 month high of $154.42. The company has a market capitalization of $1.70 billion, a price-to-earnings ratio of 19.86 and a beta of 0.41.

Bank First National (NASDAQ:BFC) last issued its quarterly earnings results on Tuesday, July 21st. The company reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.40 by $0.05. Bank First National had a return on equity of 13.02% and a net margin of 27.70%.The firm had revenue of $75.04 million during the quarter, compared to the consensus estimate of $65.25 million. As a group, equities analysts predict that Bank First National Corporation will post 9.91 earnings per share for the current fiscal year.

Bank First National Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Wednesday, September 23rd will be given a dividend of $0.60 per share. This is a positive change from Bank First National’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Wednesday, September 23rd. This represents a $2.40 annualized dividend and a yield of 1.6%. Bank First National’s payout ratio is currently 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.