36,900 Bank First National Corporation $BFC Shares Bought by Legacy Private Trust Co.

Legacy Private Trust Co. increased its holdings in shares of Bank First National Corporation (NASDAQ:BFC) by 1,048.3% during the 3rd quarter, Holdings Channel.com reports. The fund owned 40,420 shares of the company’s stock after acquiring an additional 36,900 shares during the period. Legacy Private Trust Co.’s holdings in Bank First National were worth $6,015,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Versant Capital Management Inc boosted its holdings in Bank First National by 53.8% during the third quarter. Versant Capital Management Inc now owns 200 shares of the company’s stock valued at $30,000 after purchasing an additional 70 shares in the last quarter. Engineers Gate Manager LP bought a new stake in shares of Bank First National in the 2nd quarter worth about $228,000. Squarepoint Ops LLC bought a new stake in shares of Bank First National in the 2nd quarter worth about $424,000. Baird Financial Group Inc. acquired a new stake in shares of Bank First National during the 2nd quarter worth about $816,000. Finally, Arizona State Retirement System lifted its holdings in Bank First National by 5.2% during the 2nd quarter. Arizona State Retirement System now owns 2,705 shares of the company’s stock valued at $401,000 after purchasing an additional 133 shares during the last quarter. Institutional investors own 29.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on BFC shares. Piper Sandler boosted their price target 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. Zacks Research lowered shares of Bank First National from a “strong-buy” rating to a “hold” rating in a report on Monday, September 14th. Finally, Weiss Ratings cut shares of Bank First National from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Friday. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $163.00.

Insider Buying and Selling at Bank First National

In related news, Director Sistine Peter J. Van sold 1,848 shares of the business’s stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $155.57, for a total value of $287,493.36. Following the completion of the transaction, the director owned 7,640 shares in the company, valued at $1,188,554.80. The trade was a 19.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 4.97% of the stock is currently owned by corporate insiders.

Bank First National Price Performance

NASDAQ BFC traded down $0.14 on Tuesday, hitting $151.09. 21,796 shares of the company were exchanged, compared to its average volume of 87,915. The firm has a 50 day moving average of $153.18 and a two-hundred day moving average of $146.42. The company has a market cap of $1.67 billion, a P/E ratio of 19.65 and a beta of 0.42. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.03. Bank First National Corporation has a 1-year low of $119.08 and a 1-year high of $159.10.

Bank First National (NASDAQ:BFC) last posted its quarterly earnings data on Tuesday, July 21st. The company reported $2.45 earnings per share 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 12.48%. The firm had revenue of $65.03 million during the quarter, compared to analysts’ expectations of $65.25 million. On average, equities analysts predict that Bank First National Corporation will post 9.91 EPS 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. This is an increase from Bank First National’s previous quarterly dividend of $0.55. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Wednesday, September 23rd. Bank First National’s dividend payout ratio (DPR) is 31.21%.

About Bank First National

Bank First Corporation is a Wisconsin-based bank holding company that operates through its subsidiary, Bank First. Headquartered in Manitowoc, Wisconsin, the institution provides banking services to individuals, families, businesses and municipal customers throughout eastern Wisconsin.

Bank First offers deposit accounts, consumer and business loans, mortgage lending, cash-management and treasury services, online and mobile banking, credit and debit cards, and other personal and commercial banking products.