FORM Wealth Advisors LLC Buys New Shares in Bank First National Corporation $BFC

FORM Wealth Advisors LLC bought a new stake in shares of Bank First National Corporation (NASDAQ:BFC) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 4,600 shares of the company’s stock, valued at approximately $682,000.

Other hedge funds also recently bought and sold shares of the company. Annex Advisory Services LLC bought a new position in Bank First National in the 4th quarter worth approximately $1,020,000. Northwestern Mutual Wealth Management Co. grew its holdings in Bank First National by 2,452,855.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 490,591 shares of the company’s stock valued at $59,764,000 after buying an additional 490,571 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Bank First National by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 598,817 shares of the company’s stock valued at $72,948,000 after buying an additional 10,052 shares during the last quarter. 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. Finally, Quantinno Capital Management LP lifted its holdings in shares of Bank First National by 182.0% in the first quarter. Quantinno Capital Management LP now owns 15,451 shares of the company’s stock worth $2,087,000 after buying an additional 9,971 shares in the last quarter. Institutional investors own 29.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Zacks Research upgraded shares of Bank First National from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 23rd. Weiss Ratings downgraded shares of Bank First National from a “buy (a-)” rating to a “buy (b+)” rating in a report on Thursday, June 4th. Wall Street Zen upgraded shares of Bank First National from a “strong sell” rating to a “hold” rating in a research note on Saturday, May 16th. Piper Sandler increased their price objective on shares of Bank First National from $157.00 to $161.00 and gave the company a “neutral” rating in a report on Thursday, July 23rd. Finally, Hovde Group raised their price objective on Bank First National from $160.00 to $165.00 and gave the company an “outperform” rating in a research report on Thursday, May 21st. One equities research 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’s stock. According to data from MarketBeat, Bank First National currently has an average rating of “Buy” and a consensus target price of $163.00.

Bank First National Trading Up 2.6%

BFC opened at $156.93 on Wednesday. The stock has a 50-day moving average of $147.74 and a 200 day moving average of $143.13. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.03. Bank First National Corporation has a 12 month low of $117.03 and a 12 month high of $157.45. The firm has a market cap of $1.74 billion, a P/E ratio of 20.41 and a beta of 0.41.

Bank First National (NASDAQ:BFC) last issued 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. The business had revenue of $65.03 million for the quarter, compared to the consensus estimate of $65.25 million. Bank First National had a return on equity of 13.02% and a net margin of 27.70%. As a group, research analysts forecast that Bank First National Corporation will post 9.91 EPS for the current year.

Bank First National Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Wednesday, September 23rd will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Wednesday, September 23rd. This represents a $2.40 annualized dividend and a dividend yield of 1.5%. This is an increase from Bank First National’s previous quarterly dividend of $0.55. Bank First National’s dividend payout ratio is presently 31.21%.

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.