Bank First National (NASDAQ:BFC) Director Purchases $59,348.00 in Stock

Bank First National Corporation (NASDAQ:BFC) Director Todd Sprang acquired 400 shares of the company’s stock in a transaction on Wednesday, October 28th. The stock was acquired at an average price of $148.37 per share, with a total value of $59,348.00. Following the acquisition, the director owned 2,431 shares in the company, valued at approximately $360,687.47. This trade represents a 19.69% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Bank First National Price Performance

Shares of BFC stock opened at $149.03 on Friday. The firm has a market cap of $1.65 billion, a P/E ratio of 18.61 and a beta of 0.42. Bank First National Corporation has a fifty-two week low of $119.08 and a fifty-two week high of $159.10. The business’s 50 day moving average price is $150.40 and its 200-day moving average price is $144.94. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.93 and a current ratio of 0.93.

Bank First National (NASDAQ:BFC) last announced its earnings results on Tuesday, October 20th. The company reported $2.35 EPS for the quarter, missing analysts’ consensus estimates of $2.60 by ($0.25). Bank First National had a net margin of 27.38% and a return on equity of 12.89%. The business had revenue of $75.44 million for the quarter, compared to the consensus estimate of $65.80 million. On average, equities research analysts anticipate that Bank First National Corporation will post 9.94 earnings per share for the current year.

Bank First National Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 6th. Shareholders of record on Wednesday, December 23rd will be given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Wednesday, December 23rd. This is an increase from Bank First National’s previous quarterly dividend of $0.60. Bank First National’s payout ratio is presently 29.96%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BFC. Ancora Advisors LLC purchased a new stake in Bank First National in the second quarter worth about $26,000. Versant Capital Management Inc lifted its holdings in shares of Bank First National by 53.8% during the third quarter. Versant Capital Management Inc now owns 200 shares of the company’s stock valued at $30,000 after purchasing an additional 70 shares during the last quarter. Johnson Financial Group Inc. purchased a new position in shares of Bank First National during the second quarter valued at approximately $99,000. Ballast Advisors LLC purchased a new position in shares of Bank First National during the first quarter valued at approximately $154,000. Finally, Pictet Asset Management Holding SA bought a new stake in shares of Bank First National in the 1st quarter worth approximately $206,000. 29.95% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

BFC has been the subject of several research reports. Zacks Research lowered shares of Bank First National from a “strong-buy” rating to a “hold” rating in a report on Monday, September 14th. Piper Sandler lifted their target price on shares of Bank First National from $157.00 to $161.00 and gave the company a “neutral” rating in a research note on Thursday, July 23rd. Finally, Weiss Ratings upgraded shares of Bank First National from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Friday, October 16th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $163.00.

Bank First National Company Profile

Bank First National, operating as Bank First Corporation (NASDAQ:BFC), is the holding company for Bank First, a community bank headquartered in Manitowoc, Wisconsin. The bank provides banking services to individuals, families, businesses and municipalities through locations across Wisconsin.

Its products and services include checking and savings accounts, certificates of deposit, consumer loans, residential mortgages, commercial real estate and business lending, agricultural loans, treasury management and online and mobile banking.