Insider Buying: Bank First National (NASDAQ:BFC) Director Buys $21,159.00 in Stock

Bank First National Corporation (NASDAQ:BFC) Director Todd Sprang purchased 150 shares of the firm’s stock in a transaction that occurred on Tuesday, January 27th. The stock was purchased at an average price of $141.06 per share, for a total transaction of $21,159.00. Following the acquisition, the director owned 1,158 shares of the company’s stock, valued at $163,347.48. The trade was a 14.88% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Bank First National Trading Up 0.7%

Shares of BFC stock traded up $0.94 during trading hours on Friday, reaching $139.54. The company had a trading volume of 73,761 shares, compared to its average volume of 61,118. The company has a 50 day moving average of $129.17 and a 200 day moving average of $126.60. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of 19.30 and a beta of 0.42. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.99 and a quick ratio of 0.99. Bank First National Corporation has a 1-year low of $93.00 and a 1-year high of $142.12.

Bank First National (NASDAQ:BFC) last released its quarterly earnings data on Thursday, January 22nd. The company reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.25. Bank First National had a net margin of 29.31% and a return on equity of 11.68%. The business had revenue of $49.68 million for the quarter, compared to analyst estimates of $43.75 million. On average, equities research analysts anticipate that Bank First National Corporation will post 6.9 EPS for the current year.

Bank First National Increases Dividend

The business also recently disclosed 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 represents a $2.00 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Wednesday, March 25th. This is a positive change from Bank First National’s previous quarterly dividend of $0.45. Bank First National’s dividend payout ratio is 24.90%.

Institutional Trading of Bank First National

Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Bank First National by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 598,817 shares of the company’s stock valued at $72,948,000 after purchasing an additional 10,052 shares in the last quarter. Merit Financial Group LLC boosted its stake in Bank First National by 9.0% in the second quarter. Merit Financial Group LLC now owns 177,977 shares of the company’s stock valued at $20,939,000 after buying an additional 14,717 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Bank First National by 41.7% during the third quarter. Dimensional Fund Advisors LP now owns 107,025 shares of the company’s stock worth $12,983,000 after acquiring an additional 31,510 shares in the last quarter. American Century Companies Inc. lifted its stake in Bank First National by 2.0% in the 2nd quarter. American Century Companies Inc. now owns 84,044 shares of the company’s stock valued at $9,888,000 after purchasing an additional 1,619 shares during the last quarter. Finally, Creative Planning increased its holdings in shares of Bank First National by 8.7% during the third quarter. Creative Planning now owns 62,123 shares of the company’s stock worth $7,536,000 after buying an additional 4,961 shares in the last quarter. Institutional investors own 29.95% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Bank First National in a research note on Wednesday, January 21st. Wall Street Zen upgraded shares of Bank First National from a “sell” rating to a “hold” rating in a report on Friday, January 23rd. Hovde Group boosted their price objective on Bank First National from $145.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, October 22nd. Piper Sandler lifted their price target on Bank First National from $142.00 to $150.00 and gave the stock a “neutral” rating in a report on Monday. Finally, Zacks Research raised Bank First National from a “hold” rating to a “strong-buy” rating in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $150.00.

Bank First National Company 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.