Bank First National (NASDAQ:BFC) Director Todd Sprang Buys 150 Shares of Stock

Bank First National Corporation (NASDAQ:BFC) Director Todd Sprang purchased 150 shares of the business’s stock in a transaction on Tuesday, January 27th. The shares were acquired at an average price of $141.06 per share, with a total value of $21,159.00. Following the completion of the transaction, the director owned 1,158 shares of the company’s stock, valued at approximately $163,347.48. This trade represents a 14.88% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Bank First National Trading Up 0.7%

NASDAQ BFC opened at $139.54 on Friday. The firm has a market cap of $1.37 billion, a PE ratio of 19.30 and a beta of 0.42. Bank First National Corporation has a 1-year low of $93.00 and a 1-year high of $142.12. The stock has a 50-day moving average of $129.50 and a 200-day moving average of $126.71. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.02.

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

Bank First National Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Wednesday, March 25th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, March 25th. This is a positive change 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%. Bank First National’s payout ratio is presently 27.66%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on BFC shares. Piper Sandler raised their price target on shares of Bank First National from $142.00 to $150.00 and gave the stock a “neutral” rating in a report on Monday. 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. Weiss Ratings reiterated a “buy (b)” rating on shares of Bank First National in a report on Wednesday, January 21st. Finally, Hovde Group boosted their target price on Bank First National from $145.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $150.00.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in BFC. 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. lifted its position in Bank First National by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,756 shares of the company’s stock valued at $580,000 after buying an additional 250 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings 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 buying an additional 7,656 shares in the last quarter. Jane Street Group LLC grew its position in shares of Bank First National by 194.8% in the 1st quarter. Jane Street Group LLC now owns 10,962 shares of the company’s stock worth $1,104,000 after buying an additional 7,244 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of Bank First National by 58.1% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 6,052 shares of the company’s stock worth $749,000 after acquiring an additional 2,224 shares in the last quarter. Institutional investors own 29.95% of the company’s stock.

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.