Insider Buying: Bank First National (NASDAQ:BFC) Director Buys 150 Shares of Stock

Key Points

  • Director Todd Sprang bought 150 shares on Jan. 27 at $141.06 each (total $21,159), increasing his stake 14.88% to 1,158 shares.
  • The company beat expectations with Q earnings of $2.00 EPS (vs. $1.75 est.) and $49.68M revenue, and raised its quarterly dividend from $0.45 to $0.50 (annualized $2.00, yield ~1.4%).
  • Analyst sentiment is positive with a MarketBeat consensus "Buy" and an average price target of $150.00.

Bank First National Corporation (NASDAQ:BFC - Get Free Report) Director Todd Sprang acquired 150 shares of the business's stock in a transaction on Tuesday, January 27th. The stock was acquired at an average price of $141.06 per share, for a total transaction of $21,159.00. Following the acquisition, the director owned 1,158 shares of the company's stock, valued at approximately $163,347.48. This trade represents a 14.88% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Bank First National Price Performance

BFC stock opened at $139.54 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a 50 day moving average price of $129.50 and a 200-day moving average price of $126.71. Bank First National Corporation has a 52-week low of $93.00 and a 52-week high of $142.12. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 19.30 and a beta of 0.42.

Bank First National (NASDAQ:BFC - Get Free Report) last posted its quarterly earnings results on Thursday, January 22nd. The company reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.25. Bank First National had a return on equity of 11.68% and a net margin of 29.31%.The company had revenue of $49.68 million for the quarter, compared to the consensus estimate of $43.75 million. Equities research analysts forecast that Bank First National Corporation will post 6.9 EPS for the current fiscal year.

Bank First National Increases Dividend




The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 25th will be issued a dividend of $0.50 per share. The ex-dividend date is Wednesday, March 25th. This is a boost from Bank First National's previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a dividend yield of 1.4%. Bank First National's dividend payout ratio is 27.66%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Merit Financial Group LLC lifted its holdings in Bank First National by 9.0% in the second quarter. Merit Financial Group LLC now owns 177,977 shares of the company's stock valued at $20,939,000 after acquiring an additional 14,717 shares during the period. Osaic Holdings Inc. grew its stake in shares of Bank First National by 177.1% during the 2nd quarter. Osaic Holdings Inc. now owns 14,292 shares of the company's stock valued at $1,682,000 after purchasing an additional 9,135 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in shares of Bank First National by 58.1% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 6,052 shares of the company's stock valued at $749,000 after purchasing an additional 2,224 shares during the last quarter. Nisa Investment Advisors LLC increased its position in shares of Bank First National by 17,650.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 710 shares of the company's stock valued at $84,000 after purchasing an additional 706 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC lifted its stake in shares of Bank First National by 63.4% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 37,974 shares of the company's stock worth $4,468,000 after purchasing an additional 14,734 shares during the period. Institutional investors own 29.95% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on BFC. Weiss Ratings reissued a "buy (b)" rating on shares of Bank First National in a research report on Wednesday, January 21st. Wall Street Zen upgraded shares of Bank First National from a "sell" rating to a "hold" rating in a research note on Friday, January 23rd. Zacks Research upgraded shares of Bank First National from a "hold" rating to a "strong-buy" rating in a report on Tuesday. Hovde Group raised their price target on shares of Bank First National from $145.00 to $150.00 and gave the company an "outperform" rating in a research report on Wednesday, October 22nd. Finally, Scotiabank upgraded shares of Bank First National to a "sector outperform" rating in a report on Monday. One equities research 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 data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $150.00.

Get Our Latest Stock Analysis on BFC

Bank First National Company Profile

(Get Free Report)

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.

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