Bank First National (NASDAQ:BFC) Director Sistine Peter Van Sells 1,848 Shares

Bank First National Corporation (NASDAQ:BFC) Director Sistine Peter Van sold 1,848 shares of the stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $155.57, for a total transaction of $287,493.36. Following the completion of the sale, the director directly owned 7,640 shares in the company, valued at approximately $1,188,554.80. The trade was a 19.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Bank First National Stock Performance

Shares of BFC opened at $154.41 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.03. The stock has a market cap of $1.71 billion, a P/E ratio of 20.08 and a beta of 0.41. The company has a 50-day moving average of $152.12 and a two-hundred day moving average of $144.80. Bank First National Corporation has a 12-month low of $119.08 and a 12-month high of $159.10.

Bank First National (NASDAQ:BFC) last announced its quarterly 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. Bank First National had a net margin of 27.70% and a return on equity of 12.48%. The company had revenue of $65.03 million for the quarter, compared to the consensus estimate of $65.25 million. As a group, research analysts predict that Bank First National Corporation will post 9.91 EPS for the current fiscal year.

Bank First National Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Wednesday, September 23rd will be paid a $0.60 dividend. 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 dividend payout ratio is currently 31.21%.

Analyst Ratings Changes

Several equities analysts have weighed in on BFC shares. Wall Street Zen raised Bank First National from a “strong sell” rating to a “hold” rating in a research report on Saturday, May 16th. Piper Sandler upped their price objective on Bank First National from $157.00 to $161.00 and gave the company a “neutral” rating in a research report on Thursday, July 23rd. 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 cut Bank First National from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Thursday, August 27th. Finally, 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 research report on Thursday, May 21st. One 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. According to MarketBeat.com, Bank First National currently has an average rating of “Buy” and a consensus target price of $163.00.

Hedge Funds Weigh In On Bank First National

A number of hedge funds have recently made changes to their positions in the stock. California State Teachers Retirement System boosted its holdings in Bank First National by 19,409.3% in the second quarter. California State Teachers Retirement System now owns 1,707,063 shares of the company’s stock valued at $253,243,000 after acquiring an additional 1,698,313 shares during the last quarter. BlackRock Inc. purchased a new stake in Bank First National during the second quarter valued at about $121,853,000. Northwestern Mutual Wealth Management Co. increased its stake in Bank First National by 2,452,855.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 490,591 shares of the company’s stock worth $59,764,000 after acquiring an additional 490,571 shares during the last quarter. J.W. Cole Advisors Inc. acquired a new stake in Bank First National during the fourth quarter worth about $6,340,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Bank First National in the 2nd quarter worth about $6,689,000. Institutional investors and hedge funds own 29.95% of the company’s stock.

Bank First National Company 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.