Bank First National Corporation $BFC Holdings Decreased by Nicolet Advisory Services LLC

Nicolet Advisory Services LLC trimmed its position in Bank First National Corporation (NASDAQ:BFC) by 9.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,765 shares of the company’s stock after selling 4,460 shares during the quarter. Nicolet Advisory Services LLC’s holdings in Bank First National were worth $5,020,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. bought a new stake in shares of Bank First National in the 3rd quarter valued at approximately $2,495,000. Citigroup Inc. increased its holdings in shares of Bank First National by 299.4% in the 3rd quarter. Citigroup Inc. now owns 17,151 shares of the company’s stock valued at $2,081,000 after acquiring an additional 12,857 shares during the last quarter. Annex Advisory Services LLC bought a new stake in shares of Bank First National in the 4th quarter valued at approximately $1,020,000. JPMorgan Chase & Co. increased its holdings in shares of Bank First National by 87.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 26,452 shares of the company’s stock valued at $3,209,000 after acquiring an additional 12,306 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of Bank First National by 2,452,855.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 490,591 shares of the company’s stock valued at $59,764,000 after acquiring an additional 490,571 shares during the last quarter. 29.95% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Bank First National

In related news, Director Todd A. Sprang bought 450 shares of Bank First National stock in a transaction dated Wednesday, April 22nd. The stock was acquired at an average cost of $138.96 per share, with a total value of $62,532.00. Following the completion of the acquisition, the director directly owned 2,015 shares in the company, valued at approximately $280,004.40. This trade represents a 28.75% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael S. Stayer-Suprick bought 225 shares of Bank First National stock in a transaction dated Tuesday, April 21st. The shares were bought at an average cost of $140.04 per share, with a total value of $31,509.00. Following the completion of the acquisition, the director owned 4,597 shares of the company’s stock, valued at $643,763.88. The trade was a 5.15% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 4.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Zacks Research downgraded Bank First National from a “hold” rating to a “strong sell” rating in a report on Thursday, April 30th. Weiss Ratings downgraded Bank First National from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Thursday, June 4th. Hovde Group upped their price objective on Bank First National from $160.00 to $165.00 and gave the stock an “outperform” rating in a research note on Thursday, May 21st. Wall Street Zen upgraded Bank First National from a “strong sell” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Piper Sandler upped their price objective on Bank First National from $150.00 to $157.00 and gave the stock a “neutral” rating in a research note on Monday, April 20th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $161.00.

Bank First National Trading Up 0.8%

Shares of Bank First National stock opened at $145.16 on Friday. 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 firm has a market cap of $1.62 billion, a price-to-earnings ratio of 20.19 and a beta of 0.42. The business has a fifty day simple moving average of $142.17 and a 200-day simple moving average of $136.94. Bank First National Corporation has a fifty-two week low of $109.11 and a fifty-two week high of $152.99.

Bank First National (NASDAQ:BFC) last announced its quarterly earnings data on Thursday, April 16th. The company reported $2.24 earnings per share for the quarter, missing the consensus estimate of $2.40 by ($0.16). The firm had revenue of $63.75 million during the quarter, compared to analyst estimates 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 quarter last year, the company earned $1.82 EPS. On average, equities analysts forecast that Bank First National Corporation will post 9.5 EPS for the current fiscal year.

Bank First National Increases Dividend

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

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.