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

Bank First National Corporation (NASDAQ:BFC) Director Steven Eldred sold 8,000 shares of Bank First National stock in a transaction on Friday, February 6th. The stock was sold at an average price of $145.02, for a total transaction of $1,160,160.00. Following the transaction, the director directly owned 133,680 shares of the company’s stock, valued at $19,386,273.60. This 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 Performance

Shares of BFC opened at $146.00 on Friday. 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 firm’s fifty day simple moving average is $133.73 and its two-hundred day simple moving average is $128.22. Bank First National Corporation has a 12 month low of $93.00 and a 12 month high of $152.99. The stock has a market capitalization of $1.44 billion, a P/E ratio of 20.19 and a beta of 0.42.

Bank First National (NASDAQ:BFC) last announced its quarterly earnings data on Thursday, January 22nd. The company reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $49.68 million for the quarter, compared to the consensus estimate of $43.75 million. As a group, analysts predict that Bank First National Corporation will post 6.9 EPS for the current year.

Bank First National Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 25th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Wednesday, March 25th. This is a positive change from Bank First National’s previous quarterly dividend of $0.45. Bank First National’s dividend payout ratio (DPR) is currently 24.90%.

Analysts Set New Price Targets

Several brokerages recently issued reports on BFC. Zacks Research raised shares of Bank First National from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 27th. Piper Sandler upped their price objective on shares of Bank First National from $142.00 to $150.00 and gave the company a “neutral” rating in a report on Monday, January 26th. Weiss Ratings restated a “buy (b)” rating on shares of Bank First National in a research note on Wednesday, January 21st. Wall Street Zen downgraded Bank First National from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Scotiabank raised Bank First National to a “sector outperform” rating in a research note on Monday, January 26th. One equities 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. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $150.00.

Institutional Investors Weigh In On Bank First National

Institutional investors and hedge funds have recently made changes to their positions in the business. AQR Capital Management LLC boosted its stake in Bank First National by 102.9% during the 1st 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 during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of 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 valued at $580,000 after purchasing an additional 250 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of 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 last quarter. Jane Street Group LLC grew its holdings 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 worth $1,104,000 after buying an additional 7,244 shares in the last quarter. Finally, CWM LLC grew its holdings in Bank First National by 17.0% during the second quarter. CWM LLC now owns 669 shares of the company’s stock worth $79,000 after buying an additional 97 shares in the last quarter. Institutional investors and hedge funds own 29.95% of the company’s stock.

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.