Steven Eldred Sells 8,000 Shares of Bank First National (NASDAQ:BFC) Stock

Key Points

  • Director Steven Eldred sold 8,000 shares on Feb. 6 at an average price of $145.02 for proceeds of $1,160,160, reducing his stake by 5.65% to 133,680 shares valued at about $19.39 million.
  • Bank First beat expectations for the quarter, reporting $2.00 EPS vs. $1.75 expected and $49.68 million in revenue (vs. $43.75M), with a 11.68% ROE and 29.31% net margin; analysts forecast 6.9 EPS for the year and a consensus target of $150.
  • The company raised its quarterly dividend to $0.50 ($2.00 annual, ~1.4% yield), and analyst sentiment is broadly positive (consensus "Buy"); the stock trades at a market cap of about $1.43 billion and a P/E of ~20.08.

Bank First National Corporation (NASDAQ:BFC - Get Free Report) Director Steven Eldred sold 8,000 shares of the company's stock in a transaction on Friday, February 6th. The stock was sold at an average price of $145.02, for a total value of $1,160,160.00. Following the transaction, the director directly owned 133,680 shares in the company, valued at approximately $19,386,273.60. The trade was a 5.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Bank First National Stock Down 1.2%

Bank First National stock opened at $145.17 on Friday. Bank First National Corporation has a 1-year low of $93.00 and a 1-year high of $152.99. The business has a fifty day moving average price of $133.40 and a 200-day moving average price of $128.08. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of 20.08 and a beta of 0.42.

Bank First National (NASDAQ:BFC - Get Free Report) last announced its earnings results on Thursday, January 22nd. The company reported $2.00 earnings per share (EPS) for the quarter, beating 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 analyst estimates 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 disclosed 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. This represents a $2.00 annualized dividend and a dividend yield of 1.4%. This is an increase from Bank First National's previous quarterly dividend of $0.45. The ex-dividend date is Wednesday, March 25th. Bank First National's dividend payout ratio is currently 24.90%.

Wall Street Analyst Weigh In

Several analysts have weighed in on BFC shares. Wall Street Zen raised shares of Bank First National from a "sell" rating to a "hold" rating in a research report on Friday, January 23rd. Piper Sandler boosted their price objective on shares of Bank First National from $142.00 to $150.00 and gave the company a "neutral" rating in a report on Monday, January 26th. Scotiabank upgraded Bank First National to a "sector outperform" rating in a research note on Monday, January 26th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Bank First National in a research report on Wednesday, January 21st. Finally, Hovde Group increased their price objective on Bank First National from $145.00 to $150.00 and gave the company an "outperform" rating in a report on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, Bank First National presently has a consensus rating of "Buy" and a consensus target price of $150.00.

Get Our Latest Report on Bank First National

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in Bank First National by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 598,817 shares of the company's stock worth $72,948,000 after purchasing an additional 10,052 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Bank First National by 2,452,855.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 490,591 shares of the company's stock worth $59,764,000 after buying an additional 490,571 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Bank First National by 3.5% in the fourth quarter. Geode Capital Management LLC now owns 247,275 shares of the company's stock worth $30,127,000 after buying an additional 8,308 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Bank First National by 23.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 131,725 shares of the company's stock worth $16,048,000 after acquiring an additional 24,700 shares during the period. Finally, American Century Companies Inc. raised its position in Bank First National by 2.0% during the second quarter. American Century Companies Inc. now owns 84,044 shares of the company's stock valued at $9,888,000 after acquiring an additional 1,619 shares in the last quarter. 29.95% of the stock is currently owned by institutional investors and hedge funds.

About Bank First National

(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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