Bank First National (NASDAQ:BFC) Director Todd Sprang Purchases 450 Shares of Stock

Bank First National Corporation (NASDAQ:BFC) Director Todd Sprang bought 450 shares of the firm’s stock in a transaction that occurred on Wednesday, April 22nd. The stock was purchased at an average cost of $138.96 per share, with a total value of $62,532.00. Following the completion of the purchase, the director directly owned 2,015 shares of the company’s stock, valued at $280,004.40. This represents a 28.75% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Bank First National Price Performance

Shares of BFC opened at $141.83 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.02. The company’s fifty day simple moving average is $138.32 and its 200 day simple moving average is $132.86. Bank First National Corporation has a 1-year low of $108.00 and a 1-year high of $152.99. The company has a market cap of $1.59 billion, a price-to-earnings ratio of 19.73 and a beta of 0.40.

Bank First National (NASDAQ:BFC) last announced its quarterly earnings results on Thursday, April 16th. The company reported $2.24 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 firm had revenue of $74.28 million during the quarter, compared to analyst estimates of $65.70 million. During the same quarter in the prior year, the business earned $1.82 EPS. On average, research analysts forecast that Bank First National Corporation will post 9.5 earnings per share for the current fiscal year.

Bank First National Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Investors 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 is Wednesday, June 24th. This represents a $2.20 annualized dividend and a yield of 1.6%. Bank First National’s dividend payout ratio (DPR) is 27.82%.

Institutional Investors Weigh In On Bank First National

Several hedge funds have recently bought and sold shares of BFC. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Bank First National by 920.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 204 shares of the company’s stock worth $25,000 after acquiring an additional 184 shares during the period. Royal Bank of Canada increased its stake in shares of Bank First National by 95.5% during the fourth quarter. Royal Bank of Canada now owns 305 shares of the company’s stock worth $36,000 after purchasing an additional 149 shares during the period. Caitong International Asset Management Co. Ltd lifted its holdings in Bank First National by 406.8% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 370 shares of the company’s stock worth $45,000 after purchasing an additional 297 shares during the last quarter. State of Alaska Department of Revenue bought a new stake in Bank First National in the 3rd quarter valued at $48,000. Finally, Russell Investments Group Ltd. bought a new stake in Bank First National in the 3rd quarter valued at $94,000. 29.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Piper Sandler boosted their price target on Bank First National from $150.00 to $157.00 and gave the stock a “neutral” rating in a research report on Monday. Wall Street Zen downgraded Bank First National from a “hold” rating to a “sell” rating in a research note on Saturday, February 14th. Weiss Ratings raised Bank First National from a “buy (b+)” rating to a “buy (a-)” rating in a report on Thursday, April 16th. Zacks Research cut Bank First National from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. Finally, Scotiabank raised Bank First National to a “sector outperform” rating in a report on Monday, January 26th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Bank First National currently has a consensus rating of “Moderate Buy” and an average target price of $153.50.

About Bank First National

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.