Renaissance Technologies LLC Has $4.57 Million Stock Position in Bank First National Corporation $BFC

Renaissance Technologies LLC lessened its stake in Bank First National Corporation (NASDAQ:BFC) by 35.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,800 shares of the company’s stock after selling 18,655 shares during the quarter. Renaissance Technologies LLC owned about 0.30% of Bank First National worth $4,565,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of BFC. Royal Bank of Canada increased its stake in shares of Bank First National by 95.5% in the 4th quarter. Royal Bank of Canada now owns 305 shares of the company’s stock valued at $36,000 after buying an additional 149 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of Bank First National by 22.5% during the second quarter. BNP Paribas Financial Markets now owns 816 shares of the company’s stock valued at $96,000 after acquiring an additional 150 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake 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 valued at $25,000 after acquiring an additional 184 shares during the period. N.E.W. Advisory Services LLC boosted its holdings in Bank First National by 4.5% in the fourth quarter. N.E.W. Advisory Services LLC now owns 5,466 shares of the company’s stock valued at $666,000 after acquiring an additional 237 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Bank First National by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,756 shares of the company’s stock valued at $580,000 after acquiring an additional 250 shares during the last quarter. 29.95% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Weiss Ratings cut shares of Bank First National from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Thursday, June 4th. Wall Street Zen raised shares of Bank First National from a “strong sell” rating to a “hold” rating in a research note on Saturday, May 16th. Hovde Group lifted their target price on shares of Bank First National from $160.00 to $165.00 and gave the stock an “outperform” rating in a report on Thursday, May 21st. Piper Sandler upped their target price on shares of Bank First National from $157.00 to $161.00 and gave the company a “neutral” rating in a research report on Thursday, July 23rd. Finally, Zacks Research raised Bank First National from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 23rd. One 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. Based on data from MarketBeat, Bank First National currently has an average rating of “Buy” and an average price target of $163.00.

Bank First National Trading Down 0.9%

BFC opened at $154.95 on Friday. The firm’s fifty day moving average is $146.81 and its two-hundred day moving average is $142.64. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market cap of $1.72 billion, a PE ratio of 20.15 and a beta of 0.41. Bank First National Corporation has a twelve month low of $115.29 and a twelve month high of $157.45.

Bank First National (NASDAQ:BFC) last announced its quarterly earnings results on Tuesday, July 21st. The company reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.40 by $0.05. Bank First National had a net margin of 27.70% and a return on equity of 13.02%. The company had revenue of $75.04 million during the quarter, compared to analyst estimates of $65.25 million. Equities research analysts anticipate that Bank First National Corporation will post 9.91 EPS for the current year.

Bank First National Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 23rd will be paid a $0.60 dividend. The ex-dividend date of this dividend is Wednesday, September 23rd. This is a positive change from Bank First National’s previous quarterly dividend of $0.55. This represents a $2.40 dividend on an annualized basis and a yield of 1.5%. Bank First National’s payout ratio is presently 28.61%.

Bank First National Company Profile

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.