First Trust Advisors LP Purchases 6,416 Shares of Bank First National Corporation $BFC

First Trust Advisors LP boosted its position in Bank First National Corporation (NASDAQ:BFC) by 9.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,036 shares of the company’s stock after buying an additional 6,416 shares during the quarter. First Trust Advisors LP owned approximately 0.65% of Bank First National worth $9,864,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Bank First National by 920.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 204 shares of the company’s stock worth $25,000 after acquiring an additional 184 shares during the last quarter. Royal Bank of Canada grew its holdings in shares of Bank First National by 95.5% during the 4th quarter. Royal Bank of Canada now owns 305 shares of the company’s stock valued at $36,000 after purchasing an additional 149 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in shares of Bank First National by 406.8% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 370 shares of the company’s stock valued at $45,000 after purchasing an additional 297 shares during the last quarter. Russell Investments Group Ltd. purchased a new position in Bank First National in the 3rd quarter worth $94,000. Finally, BNP Paribas Financial Markets raised its position in Bank First National by 22.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 816 shares of the company’s stock worth $96,000 after purchasing an additional 150 shares during the period. 29.95% of the stock is currently owned by institutional investors.

Bank First National Stock Performance

Shares of NASDAQ:BFC opened at $152.74 on Friday. The company has a market cap of $1.70 billion, a price-to-earnings ratio of 19.86 and a beta of 0.41. The company has a 50-day moving average price of $145.64 and a 200-day moving average price of $141.71. 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 $115.29 and a 12 month high of $154.42.

Bank First National (NASDAQ:BFC) last posted its 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 company had revenue of $75.04 million for the quarter, compared to analysts’ expectations of $65.25 million. As a group, equities analysts anticipate that Bank First National Corporation will post 9.91 EPS for the current year.

Bank First National Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 23rd will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Wednesday, September 23rd. This is an increase from Bank First National’s previous quarterly dividend of $0.55. Bank First National’s payout ratio is presently 28.61%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on BFC shares. Piper Sandler upped their price target on shares of Bank First National from $157.00 to $161.00 and gave the company a “neutral” rating in a research report on Thursday, July 23rd. Hovde Group lifted their price objective on Bank First National from $160.00 to $165.00 and gave the stock an “outperform” rating in a report on Thursday, May 21st. Zacks Research raised Bank First National from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 23rd. Weiss Ratings lowered Bank First National from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Thursday, June 4th. Finally, Wall Street Zen upgraded Bank First National from a “strong sell” rating to a “hold” rating in a report on Saturday, May 16th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Bank First National presently has an average rating of “Buy” and an average target price of $163.00.

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.