Teacher Retirement System of Texas Has $234,000 Stock Position in Bank First National Corporation $BFC

Teacher Retirement System of Texas lessened its holdings in Bank First National Corporation (NASDAQ:BFC) by 21.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,988 shares of the company’s stock after selling 537 shares during the period. Teacher Retirement System of Texas’ holdings in Bank First National were worth $234,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. CWM LLC raised its holdings in Bank First National by 176.3% during the first quarter. CWM LLC now owns 572 shares of the company’s stock valued at $58,000 after buying an additional 365 shares in the last quarter. Allianz Asset Management GmbH bought a new position in shares of Bank First National in the 1st quarter valued at approximately $222,000. N.E.W. Advisory Services LLC raised its stake in shares of Bank First National by 3.0% in the 1st quarter. N.E.W. Advisory Services LLC now owns 5,628 shares of the company’s stock valued at $567,000 after acquiring an additional 162 shares in the last quarter. XTX Topco Ltd acquired a new stake in Bank First National in the 1st quarter worth approximately $219,000. Finally, Vanguard Group Inc. boosted its position in Bank First National by 12.3% during the first quarter. Vanguard Group Inc. now owns 581,909 shares of the company’s stock worth $58,622,000 after purchasing an additional 63,568 shares during the period. 29.95% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Bank First National news, Director Michael S. Stayer-Suprick purchased 410 shares of the firm’s stock in a transaction on Tuesday, August 19th. The shares were purchased at an average price of $122.67 per share, for a total transaction of $50,294.70. Following the completion of the purchase, the director directly owned 3,965 shares of the company’s stock, valued at approximately $486,386.55. This represents a 11.53% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Bank First National in a research report on Wednesday, October 8th. Wall Street Zen downgraded shares of Bank First National from a “hold” rating to a “sell” rating in a report on Saturday, July 26th. Piper Sandler upped their price target on shares of Bank First National from $137.00 to $142.00 and gave the company a “neutral” rating in a report on Thursday, October 23rd. Finally, Hovde Group raised their price target on Bank First National from $145.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, October 22nd. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $146.00.

Bank First National Stock Up 1.0%

Shares of BFC opened at $125.71 on Wednesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.99 and a current ratio of 0.99. The company has a 50-day simple moving average of $126.63 and a 200-day simple moving average of $121.73. Bank First National Corporation has a 52 week low of $92.49 and a 52 week high of $135.72. The firm has a market capitalization of $186.05 million, a P/E ratio of 17.68 and a beta of 0.42.

Bank First National (NASDAQ:BFC) last issued its quarterly earnings results on Friday, November 7th. The company reported $1.91 earnings per share (EPS) for the quarter. The firm had revenue of $44.21 million for the quarter. Bank First National had a return on equity of 11.28% and a net margin of 29.34%. On average, equities research analysts expect that Bank First National Corporation will post 6.9 earnings per share for the current year.

Bank First National Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Wednesday, December 24th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Wednesday, December 24th. Bank First National’s dividend payout ratio is presently 25.32%.

About Bank First National

Bank First Corporation operates as a holding company for Bank First, N.A. that provides consumer and commercial financial services to businesses, professionals, consumers, associations, individuals, and governmental authorities in Wisconsin. It offers checking, savings, money market, cash management, retirement, and health savings accounts; other time deposits; certificates of deposit; and residential mortgage products.