Quantinno Capital Management LP boosted its holdings in Bank First National Corporation (NASDAQ:BFC – Free Report) by 182.0% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,451 shares of the company’s stock after acquiring an additional 9,971 shares during the quarter. Quantinno Capital Management LP’s holdings in Bank First National were worth $2,087,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. boosted its position in shares of Bank First National by 920.0% during the 4th 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 last quarter. Royal Bank of Canada increased its position in shares of Bank First National by 95.5% in the fourth 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 increased its position in shares of Bank First National by 406.8% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 370 shares of the company’s stock worth $45,000 after purchasing an additional 297 shares during the last quarter. Russell Investments Group Ltd. purchased a new stake in Bank First National in the third quarter valued at approximately $94,000. Finally, BNP Paribas Financial Markets raised its stake in Bank First National by 22.5% in the second quarter. BNP Paribas Financial Markets now owns 816 shares of the company’s stock valued at $96,000 after purchasing an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 29.95% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on the stock. Zacks Research raised shares of Bank First National from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 23rd. 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. Hovde Group lifted 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. Piper Sandler upped their target price on shares of Bank First National from $157.00 to $161.00 and gave the stock a “neutral” rating in a research report on Thursday, July 23rd. Finally, Wall Street Zen raised Bank First National from a “strong sell” rating to a “hold” rating in a research note on Saturday, May 16th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Bank First National presently has a consensus rating of “Buy” and an average target price of $163.00.
Bank First National Trading Down 0.3%
NASDAQ:BFC opened at $152.92 on Tuesday. The firm has a market capitalization of $1.69 billion, a P/E ratio of 19.89 and a beta of 0.41. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.03. The company has a fifty day moving average of $147.40 and a 200 day moving average of $142.98. Bank First National Corporation has a 52 week low of $115.76 and a 52 week high of $157.45.
Bank First National (NASDAQ:BFC – Get Free Report) last announced its quarterly earnings results on Tuesday, July 21st. The company reported $2.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $65.03 million for the quarter, compared to analyst estimates of $65.25 million. On average, research analysts predict that Bank First National Corporation will post 9.91 earnings per share for the current year.
Bank First National Increases Dividend
The firm 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 dividend of $0.60 per share. The ex-dividend date is Wednesday, September 23rd. This represents a $2.40 dividend on an annualized basis and a yield of 1.6%. This is a boost from Bank First National’s previous quarterly dividend of $0.55. Bank First National’s dividend payout ratio (DPR) is presently 28.61%.
Bank First National 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.
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