Bank First National Corporation $BFC Shares Acquired by UBS Group AG

UBS Group AG lifted its stake in Bank First National Corporation (NASDAQ:BFC) by 15.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 38,433 shares of the company’s stock after acquiring an additional 5,158 shares during the quarter. UBS Group AG’s holdings in Bank First National were worth $4,682,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. State of Alaska Department of Revenue purchased a new stake in shares of Bank First National in the third quarter worth about $48,000. Russell Investments Group Ltd. purchased a new stake in shares of Bank First National in the third quarter worth about $94,000. BNP Paribas Financial Markets boosted its stake in shares of Bank First National by 22.5% in the second 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. Tower Research Capital LLC TRC boosted its stake in shares of Bank First National by 118.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,129 shares of the company’s stock worth $133,000 after acquiring an additional 612 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Bank First National during the 4th quarter worth about $216,000. Hedge funds and other institutional investors own 29.95% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on BFC. Weiss Ratings raised shares of Bank First National from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Thursday, April 16th. Zacks Research lowered shares of Bank First National from a “hold” rating to a “strong sell” rating in a research note on Thursday, April 30th. Piper Sandler increased their target price on shares of Bank First National from $150.00 to $157.00 and gave the stock a “neutral” rating in a research note on Monday, April 20th. 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. Finally, Hovde Group increased their target price on shares of Bank First National from $160.00 to $165.00 and gave the stock an “outperform” rating in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $161.00.

Bank First National Trading Down 0.5%

Shares of Bank First National stock opened at $142.37 on Friday. The firm has a market capitalization of $1.59 billion, a PE ratio of 19.80 and a beta of 0.44. Bank First National Corporation has a twelve month low of $109.11 and a twelve month high of $152.99. The firm’s 50-day moving average price is $139.84 and its 200 day moving average price is $134.99. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.03.

Bank First National (NASDAQ:BFC) last issued its quarterly earnings results on Thursday, April 16th. The company reported $2.24 earnings per share for the quarter, missing analysts’ consensus estimates of $2.40 by ($0.16). The company had revenue of $63.75 million during the quarter, compared to analysts’ expectations of $65.70 million. Bank First National had a net margin of 27.49% and a return on equity of 11.89%. During the same period in the prior year, the business posted $1.82 earnings per share. On average, sell-side analysts predict that Bank First National Corporation will post 9.5 EPS for the current fiscal year.

Bank First National Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 8th. Shareholders of record on Wednesday, June 24th will be issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Wednesday, June 24th. This is a positive change from Bank First National’s previous quarterly dividend of $0.50. Bank First National’s payout ratio is currently 27.82%.

Insider Transactions at Bank First National

In other Bank First National news, Director Michael S. Stayer-Suprick acquired 225 shares of the business’s stock in a transaction on Tuesday, April 21st. The stock was bought at an average price of $140.04 per share, for a total transaction of $31,509.00. Following the acquisition, the director owned 4,597 shares in the company, valued at approximately $643,763.88. The trade was a 5.15% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Todd A. Sprang acquired 450 shares of the business’s stock in a transaction on Wednesday, April 22nd. The stock was acquired at an average price of $138.96 per share, with a total value of $62,532.00. Following the acquisition, the director owned 2,015 shares in the company, valued at $280,004.40. The trade was a 28.75% increase in their position. The SEC filing for this purchase provides additional information. 4.97% of the stock is currently owned by corporate insiders.

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.