FORM Wealth Advisors LLC Makes New Investment in Bank First National Corporation $BFC

FORM Wealth Advisors LLC bought a new stake in shares of Bank First National Corporation (NASDAQ:BFC) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 4,600 shares of the company’s stock, valued at approximately $682,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ballast Advisors LLC purchased a new position in shares of Bank First National in the 1st quarter worth $154,000. Bank of America Corp DE grew its holdings in shares of Bank First National by 60.6% in the first quarter. Bank of America Corp DE now owns 17,102 shares of the company’s stock worth $2,310,000 after acquiring an additional 6,456 shares during the period. Janus Henderson Group PLC increased its position in Bank First National by 53.9% during the first quarter. Janus Henderson Group PLC now owns 5,138 shares of the company’s stock valued at $693,000 after acquiring an additional 1,800 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in Bank First National by 10.6% during the first quarter. The Manufacturers Life Insurance Company now owns 4,715 shares of the company’s stock valued at $637,000 after acquiring an additional 451 shares during the last quarter. Finally, Quantinno Capital Management LP lifted its holdings in Bank First National by 182.0% in the first quarter. Quantinno Capital Management LP now owns 15,451 shares of the company’s stock valued at $2,087,000 after acquiring an additional 9,971 shares during the period. 29.95% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on BFC. Zacks Research raised Bank First National from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 23rd. Weiss Ratings cut shares of Bank First National from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Thursday, June 4th. Piper Sandler increased their price objective on shares of Bank First National from $157.00 to $161.00 and gave the stock a “neutral” rating in a research note on Thursday, July 23rd. Wall Street Zen raised shares of Bank First National from a “strong sell” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Hovde Group boosted their target price 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. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Bank First National currently has an average rating of “Buy” and an average target price of $163.00.

Bank First National Price Performance

Shares of Bank First National stock opened at $156.93 on Wednesday. The stock has a market cap of $1.74 billion, a P/E ratio of 20.41 and a beta of 0.41. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.94 and a current ratio of 0.94. The stock’s fifty day moving average is $147.74 and its 200 day moving average is $143.13. Bank First National Corporation has a one year low of $117.03 and a one year high of $157.45.

Bank First National (NASDAQ:BFC) last released 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. The business had revenue of $65.03 million during the quarter, compared to analyst estimates of $65.25 million. Bank First National had a return on equity of 13.02% and a net margin of 27.70%. Sell-side analysts anticipate that Bank First National Corporation will post 9.91 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, October 7th. Stockholders 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 dividend yield of 1.5%. 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 31.21%.

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.