Jupiter Topco LLC Takes $764,000 Position in Bank First National Corporation $BFC

Jupiter Topco LLC purchased a new position in Bank First National Corporation (NASDAQ:BFC) during the 2nd quarter, HoldingsChannel.com reports. The firm purchased 5,138 shares of the company’s stock, valued at approximately $764,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of BFC. BlackRock Inc. purchased a new stake in Bank First National in the second quarter worth $121,853,000. Northwestern Mutual Wealth Management Co. increased its stake in 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 worth $59,764,000 after buying an additional 490,571 shares during the period. J.W. Cole Advisors Inc. bought a new stake in Bank First National during the 4th quarter valued at about $6,340,000. Bank of New York Mellon Corp purchased a new stake in Bank First National in the 2nd quarter valued at about $6,689,000. Finally, First Trust Advisors LP boosted its position in Bank First National by 112.1% in the 4th quarter. First Trust Advisors LP now owns 66,620 shares of the company’s stock valued at $8,116,000 after buying an additional 35,214 shares during the period. 29.95% of the stock is owned by institutional investors.

Bank First National Stock Performance

Shares of NASDAQ:BFC opened at $156.23 on Monday. The company has a market capitalization of $1.73 billion, a PE ratio of 20.32 and a beta of 0.41. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.03. Bank First National Corporation has a 12-month low of $119.08 and a 12-month high of $159.10. The business’s fifty day simple moving average is $151.69 and its 200-day simple moving average is $144.42.

Bank First National (NASDAQ:BFC) last issued its quarterly earnings data on Tuesday, July 21st. The company reported $2.45 earnings per share for the quarter, topping analysts’ consensus estimates of $2.40 by $0.05. Bank First National had a return on equity of 12.48% and a net margin of 27.70%.The firm had revenue of $65.03 million during the quarter, compared to analysts’ expectations of $65.25 million. As a group, equities research analysts predict that Bank First National Corporation will post 9.91 earnings per share for the current fiscal year.

Bank First National Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 23rd will be given a dividend of $0.60 per share. 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 annualized dividend and a dividend yield of 1.5%. Bank First National’s payout ratio is currently 28.61%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on BFC. Zacks Research upgraded Bank First National from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 23rd. Weiss Ratings lowered Bank First National from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Thursday, August 27th. Piper Sandler upped their target price on Bank First National from $157.00 to $161.00 and gave the stock a “neutral” rating in a report on Thursday, July 23rd. Hovde Group increased their price target on Bank First National from $160.00 to $165.00 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. Finally, Wall Street Zen upgraded Bank First National from a “strong sell” rating to a “hold” rating in a report on Saturday, May 16th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $163.00.

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.