Quantbot Technologies LP Acquires New Position in Bank First National Corporation $BFC

Quantbot Technologies LP acquired a new position in shares of Bank First National Corporation (NASDAQ:BFC) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 4,310 shares of the company’s stock, valued at approximately $639,000.

A number of other large investors have also recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. grew 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 valued at $25,000 after purchasing an additional 184 shares during the last quarter. Royal Bank of Canada lifted its holdings 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 worth $36,000 after purchasing an additional 149 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its position 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 valued at $45,000 after purchasing an additional 297 shares during the period. Russell Investments Group Ltd. acquired a new position in Bank First National during the 3rd quarter valued at approximately $94,000. Finally, BNP Paribas Financial Markets grew its stake in Bank First National by 22.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 816 shares of the company’s stock worth $96,000 after buying an additional 150 shares during the last quarter. Institutional investors own 29.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Weiss Ratings upgraded Bank First National from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Tuesday, August 11th. Hovde Group increased their price objective 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. 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. Zacks Research upgraded shares of Bank First National from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 23rd. Finally, Piper Sandler raised 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 note on Thursday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $163.00.

Bank First National Price Performance

NASDAQ BFC opened at $151.85 on Friday. 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. The company has a market cap of $1.68 billion, a PE ratio of 19.75 and a beta of 0.41. The stock’s 50-day moving average price is $150.71 and its two-hundred day moving average price is $144.19.

Bank First National (NASDAQ:BFC) last released its earnings results on Tuesday, July 21st. The company reported $2.45 earnings per share for the quarter, topping 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 business had revenue of $65.03 million for the quarter, compared to the consensus estimate of $65.25 million. On average, analysts predict that Bank First National Corporation will post 9.91 EPS for the current year.

Bank First National Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 23rd will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.6%. The ex-dividend date is Wednesday, September 23rd. This is a positive change from Bank First National’s previous quarterly dividend of $0.55. Bank First National’s dividend payout ratio is presently 28.61%.

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.