N.E.W. Advisory Services LLC Purchases Shares of 16,497 Bank First National Corporation $BFC

N.E.W. Advisory Services LLC purchased a new position in shares of Bank First National Corporation (NASDAQ:BFC) in the second quarter, Holdings Channel.com reports. The firm purchased 16,497 shares of the company’s stock, valued at approximately $2,447,000.

Other hedge funds have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. lifted its stake in Bank First National by 2,452,855.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 490,591 shares of the company’s stock worth $59,764,000 after purchasing an additional 490,571 shares during the last quarter. J.W. Cole Advisors Inc. purchased a new position in Bank First National in the fourth quarter valued at approximately $6,340,000. Bank of New York Mellon Corp purchased a new position in Bank First National in the second quarter valued at approximately $6,689,000. First Trust Advisors LP raised its holdings in Bank First National by 112.1% during the fourth quarter. First Trust Advisors LP now owns 66,620 shares of the company’s stock worth $8,116,000 after purchasing an additional 35,214 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings 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 purchasing an additional 31,510 shares in the last quarter. Hedge funds and other institutional investors own 29.95% of the company’s stock.

Bank First National Price Performance

BFC stock opened at $158.00 on Monday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $1.75 billion, a P/E ratio of 20.55 and a beta of 0.41. The business has a 50 day simple moving average of $148.88 and a 200-day simple moving average of $143.56. Bank First National Corporation has a twelve month low of $119.08 and a twelve month high of $158.99.

Bank First National (NASDAQ:BFC) last announced its earnings results on Tuesday, July 21st. The company reported $2.45 EPS for the quarter, beating 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 12.48%. The business had revenue of $65.03 million for the quarter, compared to analysts’ expectations of $65.25 million. As a group, equities analysts anticipate that Bank First National Corporation will post 9.91 EPS for the current year.

Bank First National Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Wednesday, September 23rd will be issued a $0.60 dividend. The ex-dividend date of this dividend is Wednesday, September 23rd. This is a positive change from Bank First National’s previous quarterly dividend of $0.55. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.5%. Bank First National’s dividend payout ratio is currently 28.61%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BFC. Hovde Group upped their target price on shares of Bank First National from $160.00 to $165.00 and gave the company an “outperform” rating in a report on Thursday, May 21st. Piper Sandler lifted their price target on shares of Bank First National from $157.00 to $161.00 and gave the stock a “neutral” rating in a research note on Thursday, July 23rd. Zacks Research raised shares of Bank First National from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 23rd. Wall Street Zen upgraded shares of Bank First National from a “strong sell” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Weiss Ratings raised Bank First National from a “buy (b+)” rating to a “buy (a-)” rating in a report on Tuesday, August 11th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $163.00.

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.