The Manufacturers Life Insurance Company Takes $669,000 Position in Bank First National Corporation $BFC

The Manufacturers Life Insurance Company bought a new position in Bank First National Corporation (NASDAQ:BFC) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 4,512 shares of the company’s stock, valued at approximately $669,000.

Other large investors have also recently made changes to their positions in the company. Quantbot Technologies LP bought a new position in Bank First National during the 2nd quarter valued at about $639,000. Csenge Advisory Group purchased a new position in shares of Bank First National during the second quarter valued at approximately $399,000. Johnson Financial Group Inc. bought a new position in shares of Bank First National during the second quarter valued at approximately $99,000. BlackRock Inc. purchased a new stake in shares of Bank First National in the second quarter worth approximately $121,853,000. Finally, Deutsche Bank AG bought a new stake in shares of Bank First National during the 2nd quarter worth approximately $1,543,000. 29.95% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Piper Sandler increased their target price on Bank First National from $157.00 to $161.00 and gave the stock a “neutral” rating in a research note on Thursday, July 23rd. Hovde Group boosted their price objective on shares of Bank First National from $160.00 to $165.00 and gave the company an “outperform” rating in a research report on Thursday, May 21st. Wall Street Zen raised shares of Bank First National from a “strong sell” rating to a “hold” rating in a research note on Saturday, May 16th. Zacks Research upgraded Bank First National from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 23rd. Finally, Weiss Ratings downgraded Bank First National from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Thursday, August 27th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $163.00.

Bank First National Stock Performance

Shares of NASDAQ:BFC opened at $156.23 on Monday. The firm has a 50 day moving average of $151.69 and a 200 day moving average of $144.42. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of 20.32 and a beta of 0.41. Bank First National Corporation has a 52 week low of $119.08 and a 52 week high of $159.10.

Bank First National (NASDAQ:BFC) last announced its earnings results on Tuesday, July 21st. The company reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.40 by $0.05. The business had revenue of $65.03 million for the quarter, compared to analysts’ expectations of $65.25 million. Bank First National had a return on equity of 12.48% and a net margin of 27.70%. On average, sell-side analysts predict that Bank First National Corporation will post 9.91 earnings per share for the current fiscal year.

Bank First National Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 23rd will be issued a $0.60 dividend. This is a boost from Bank First National’s previous quarterly dividend of $0.55. This represents a $2.40 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Wednesday, September 23rd. Bank First National’s dividend payout ratio is presently 28.61%.

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.