Key Points
- Director Sistine Peter Van sold 1,848 shares of Bank First National at an average price of $155.57, generating $287,493.36 and reducing direct ownership by 19.48% to 7,640 shares.
- Bank First National reported quarterly EPS of $2.45, exceeding analyst expectations of $2.40, while revenue totaled $65.03 million. The company also raised its quarterly dividend from $0.55 to $0.60 per share, implying a 1.6% yield.
- Analyst sentiment remains positive, with a consensus “Buy” rating and a $163 target price; shares opened at $154.41 and recently traded near their 52-week high of $159.10.
Bank First National Corporation (NASDAQ:BFC - Get Free Report) Director Sistine Peter Van sold 1,848 shares of Bank First National stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $155.57, for a total transaction of $287,493.36. Following the transaction, the director directly owned 7,640 shares in the company, valued at approximately $1,188,554.80. This trade represents a 19.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Bank First National Price Performance
BFC opened at $154.41 on Friday. Bank First National Corporation has a 52-week low of $119.08 and a 52-week high of $159.10. The company has a 50 day moving average of $152.12 and a two-hundred day moving average of $144.80. The company 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 quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.03.
Bank First National (NASDAQ:BFC - Get Free Report) last issued its earnings results on Tuesday, July 21st. The company reported $2.45 EPS for the quarter, beating analysts' consensus estimates of $2.40 by $0.05. The business had revenue of $65.03 million for the quarter, compared to the consensus estimate of $65.25 million. Bank First National had a net margin of 27.70% and a return on equity of 12.48%. On average, analysts expect 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 declared a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Wednesday, September 23rd will be issued a $0.60 dividend. The ex-dividend date is Wednesday, September 23rd. This represents a $2.40 annualized dividend and a yield of 1.6%. This is an increase from Bank First National's previous quarterly dividend of $0.55. Bank First National's payout ratio is currently 31.21%.
Institutional Investors Weigh In On Bank First National
Large investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System increased its stake in Bank First National by 19,409.3% during the 2nd quarter. California State Teachers Retirement System now owns 1,707,063 shares of the company's stock worth $253,243,000 after buying an additional 1,698,313 shares during the period. BlackRock Inc. purchased a new position in Bank First National in the 2nd quarter valued at about $121,853,000. Northwestern Mutual Wealth Management Co. boosted its position in Bank First National by 2,452,855.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 490,591 shares of the company's stock valued at $59,764,000 after buying an additional 490,571 shares during the last quarter. J.W. Cole Advisors Inc. acquired a new stake in shares of Bank First National during the fourth quarter valued at about $6,340,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Bank First National during the second quarter valued at about $6,689,000. 29.95% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research analysts have commented on BFC shares. Zacks Research upgraded Bank First National from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 23rd. Hovde Group increased their target price on Bank First National from $160.00 to $165.00 and gave the company an "outperform" rating in a research note on Thursday, May 21st. Weiss Ratings downgraded Bank First National from a "buy (a-)" rating to a "buy (b+)" rating in a report on Thursday, August 27th. Wall Street Zen raised Bank First National from a "strong sell" rating to a "hold" rating in a research report on Saturday, May 16th. Finally, Piper Sandler upped their price target on Bank First National from $157.00 to $161.00 and gave the stock a "neutral" rating in a report on Thursday, July 23rd. 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $163.00.
View Our Latest Analysis on Bank First National
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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