Bank First National (NASDAQ:BFC) Director Steven Eldred Sells 8,000 Shares

Bank First National Corporation (NASDAQ:BFC) Director Steven Eldred sold 8,000 shares of Bank First National stock in a transaction on Friday, February 6th. The stock was sold at an average price of $145.02, for a total value of $1,160,160.00. Following the completion of the sale, the director directly owned 133,680 shares of the company’s stock, valued at approximately $19,386,273.60. The trade was a 5.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Bank First National Stock Performance

Shares of Bank First National stock traded down $0.82 during trading hours on Thursday, reaching $146.18. 89,958 shares of the stock traded hands, compared to its average volume of 69,558. The company has a 50 day moving average price of $133.11 and a 200 day moving average price of $127.96. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 20.23 and a beta of 0.42. Bank First National Corporation has a one year low of $93.00 and a one year high of $152.99. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.02.

Bank First National (NASDAQ:BFC) last issued its quarterly earnings results on Thursday, January 22nd. The company reported $2.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.25. The business had revenue of $49.68 million during the quarter, compared to analyst estimates of $43.75 million. Bank First National had a return on equity of 11.68% and a net margin of 29.31%. On average, equities research analysts expect that Bank First National Corporation will post 6.9 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, April 8th. Stockholders of record on Wednesday, March 25th will be issued a $0.50 dividend. This is a boost from Bank First National’s previous quarterly dividend of $0.45. The ex-dividend date is Wednesday, March 25th. This represents a $2.00 annualized dividend and a dividend yield of 1.4%. Bank First National’s dividend payout ratio (DPR) is 27.66%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on BFC. Wall Street Zen raised shares of Bank First National from a “sell” rating to a “hold” rating in a research report on Friday, January 23rd. Zacks Research upgraded Bank First National from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 27th. Scotiabank upgraded Bank First National to a “sector outperform” rating in a report on Monday, January 26th. Piper Sandler lifted their price objective on Bank First National from $142.00 to $150.00 and gave the company a “neutral” rating in a report on Monday, January 26th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Bank First National in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Bank First National presently has an average rating of “Buy” and a consensus price target of $150.00.

Hedge Funds Weigh In On Bank First National

A number of hedge funds have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. lifted its position in 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 period. State of Alaska Department of Revenue purchased a new stake in Bank First National during the 3rd quarter valued at $48,000. CWM LLC lifted its holdings in shares of Bank First National by 17.0% during the 2nd quarter. CWM LLC now owns 669 shares of the company’s stock valued at $79,000 after buying an additional 97 shares during the period. Nisa Investment Advisors LLC boosted its stake in shares of Bank First National by 17,650.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 710 shares of the company’s stock worth $84,000 after buying an additional 706 shares during the last quarter. Finally, Russell Investments Group Ltd. bought a new stake in shares of Bank First National in the third quarter worth $94,000. Hedge funds and other institutional investors own 29.95% of the company’s stock.

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.