Dimensional Fund Advisors LP Purchases 27,953 Shares of Bank First National Corporation $BFC

Dimensional Fund Advisors LP increased its position in shares of Bank First National Corporation (NASDAQ:BFC) by 21.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 159,678 shares of the company’s stock after buying an additional 27,953 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Bank First National were worth $21,565,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. grew its stake in Bank First National by 2,452,855.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 490,591 shares of the company’s stock valued at $59,764,000 after acquiring an additional 490,571 shares during the period. J.W. Cole Advisors Inc. bought a new stake in shares of Bank First National during the fourth quarter valued at approximately $6,340,000. First Trust Advisors LP raised its position in shares of Bank First National by 112.1% during the fourth quarter. First Trust Advisors LP now owns 66,620 shares of the company’s stock worth $8,116,000 after purchasing an additional 35,214 shares during the period. Jane Street Group LLC raised its position in shares of Bank First National by 212.7% during the second quarter. Jane Street Group LLC now owns 34,276 shares of the company’s stock worth $4,033,000 after purchasing an additional 23,314 shares during the period. Finally, UBS Group AG lifted its holdings in shares of Bank First National by 211.8% in the 3rd quarter. UBS Group AG now owns 33,275 shares of the company’s stock worth $4,037,000 after purchasing an additional 22,604 shares in the last quarter. Institutional investors own 29.95% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. 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. 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. Piper Sandler raised their price objective 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. 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. Finally, 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. One research 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’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $163.00.

Bank First National Stock Down 0.9%

BFC stock opened at $154.95 on Friday. Bank First National Corporation has a twelve month low of $115.29 and a twelve month high of $157.45. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.03. The stock’s 50 day moving average is $146.81 and its 200-day moving average is $142.64. The firm has a market capitalization of $1.72 billion, a PE ratio of 20.15 and a beta of 0.41.

Bank First National (NASDAQ:BFC) last announced its quarterly earnings results on Tuesday, July 21st. The company reported $2.45 earnings per share (EPS) for the quarter, topping 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 business had revenue of $75.04 million during the quarter, compared to the consensus estimate of $65.25 million. Sell-side analysts expect that Bank First National Corporation will post 9.91 EPS 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. Shareholders of record on Wednesday, September 23rd will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Wednesday, September 23rd. This represents a $2.40 dividend on an annualized basis and a yield of 1.5%. This is a positive change from Bank First National’s previous quarterly dividend of $0.55. Bank First National’s payout ratio is presently 28.61%.

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.