Key Points
- Director insider purchase: Michael Stayer-Suprick bought 225 shares at an average price of $140.04 for $31,509, increasing his stake to 4,597 shares (a 5.15% rise).
- Quarterly results mixed: Bank First National reported EPS of $2.24, missing estimates of $2.40, while revenue beat at $74.28 million versus a $65.70 million consensus.
- Dividend raised: The company increased its quarterly dividend to $0.55 (from $0.50), implying a $2.20 annualized payout and a roughly 1.6% yield, payable July 8 with an ex-dividend/record date of June 24.
Bank First National Corporation (NASDAQ:BFC - Get Free Report) Director Michael Stayer-Suprick bought 225 shares of Bank First National stock in a transaction dated Tuesday, April 21st. The stock was acquired at an average cost of $140.04 per share, for a total transaction of $31,509.00. Following the purchase, the director directly owned 4,597 shares in the company, valued at approximately $643,763.88. The trade was a 5.15% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Bank First National Stock Up 2.0%
Shares of NASDAQ:BFC opened at $141.83 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of 19.73 and a beta of 0.40. The company has a 50 day moving average of $138.32 and a 200-day moving average of $132.86. Bank First National Corporation has a one year low of $108.00 and a one year high of $152.99.
Bank First National (NASDAQ:BFC - Get Free Report) last announced its quarterly earnings data on Thursday, April 16th. The company reported $2.24 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.40 by ($0.16). Bank First National had a net margin of 27.49% and a return on equity of 12.79%. The business had revenue of $74.28 million during the quarter, compared to the consensus estimate of $65.70 million. During the same period in the previous year, the business posted $1.82 earnings per share. On average, sell-side analysts forecast that Bank First National Corporation will post 9.5 earnings per share for the current year.
Bank First National Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 8th. Stockholders of record on Wednesday, June 24th will be paid a $0.55 dividend. This is an increase from Bank First National's previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Wednesday, June 24th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.6%. Bank First National's dividend payout ratio (DPR) is currently 27.82%.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on BFC shares. Zacks Research cut Bank First National from a "strong-buy" rating to a "hold" rating in a research note on Thursday, March 26th. Wall Street Zen lowered Bank First National from a "hold" rating to a "sell" rating in a research report on Saturday, February 14th. Scotiabank upgraded shares of Bank First National to a "sector outperform" rating in a research report on Monday, January 26th. Weiss Ratings upgraded shares of Bank First National from a "buy (b+)" rating to a "buy (a-)" rating in a report on Thursday, April 16th. Finally, Piper Sandler upped their target price on shares of Bank First National from $150.00 to $157.00 and gave the company a "neutral" rating in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $153.50.
Check Out Our Latest Stock Report on BFC
Hedge Funds Weigh In On Bank First National
Several institutional investors have recently modified their holdings of the business. Macco Financial Group Inc. bought a new stake in Bank First National during the 1st quarter worth approximately $293,000. Pictet Asset Management Holding SA acquired a new position in shares of Bank First National in the first quarter valued at approximately $206,000. Caitong International Asset Management Co. Ltd increased its position in shares of Bank First National by 406.8% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 370 shares of the company's stock worth $45,000 after acquiring an additional 297 shares in the last quarter. Virtu Financial LLC raised its holdings in shares of Bank First National by 54.4% during the fourth quarter. Virtu Financial LLC now owns 3,396 shares of the company's stock worth $414,000 after acquiring an additional 1,196 shares during the period. Finally, Invesco Ltd. lifted its position in Bank First National by 3.2% in the 4th quarter. Invesco Ltd. now owns 13,769 shares of the company's stock valued at $1,677,000 after acquiring an additional 433 shares in the last quarter. Institutional investors own 29.95% of the company's stock.
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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