Northwestern Mutual Wealth Management Co. Purchases 490,571 Shares of Bank First National Corporation $BFC

Northwestern Mutual Wealth Management Co. lifted its position in shares of Bank First National Corporation (NASDAQ:BFC) by 2,452,855.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 490,591 shares of the company’s stock after buying an additional 490,571 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Bank First National were worth $59,764,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. BNP Paribas Financial Markets raised its holdings in Bank First National by 22.5% during the second quarter. BNP Paribas Financial Markets now owns 816 shares of the company’s stock valued at $96,000 after acquiring an additional 150 shares during the period. Ellsworth Advisors LLC boosted its stake in shares of Bank First National by 2.5% in the fourth quarter. Ellsworth Advisors LLC now owns 7,199 shares of the company’s stock worth $934,000 after acquiring an additional 174 shares during the period. CWM LLC grew its position in shares of Bank First National by 34.7% during the third quarter. CWM LLC now owns 901 shares of the company’s stock worth $109,000 after purchasing an additional 232 shares in the last quarter. N.E.W. Advisory Services LLC grew its position in shares of Bank First National by 4.5% during the fourth quarter. N.E.W. Advisory Services LLC now owns 5,466 shares of the company’s stock worth $666,000 after purchasing an additional 237 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Bank First National by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,756 shares of the company’s stock valued at $580,000 after buying an additional 250 shares during the last quarter. Hedge funds and other institutional investors own 29.95% of the company’s stock.

Bank First National Price Performance

NASDAQ BFC opened at $141.14 on Monday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.03. Bank First National Corporation has a 52 week low of $109.11 and a 52 week high of $152.99. The firm has a market capitalization of $1.58 billion, a price-to-earnings ratio of 19.63 and a beta of 0.44. The company has a fifty day moving average of $139.31 and a two-hundred day moving average of $134.49.

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

Bank First National Increases Dividend

The firm also recently declared 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. The ex-dividend date is Wednesday, June 24th. This is a positive change from Bank First National’s previous quarterly dividend of $0.50. This represents a $2.20 annualized dividend and a dividend yield of 1.6%. Bank First National’s dividend payout ratio (DPR) is currently 27.82%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Scotiabank upgraded Bank First National to a “sector outperform” rating in a research report on Monday, January 26th. Zacks Research lowered shares of Bank First National from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 30th. 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. Wall Street Zen upgraded shares of Bank First National from a “strong sell” rating to a “hold” rating in a research report on Saturday. Finally, Piper Sandler boosted 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. 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 issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $153.50.

Insider Buying and Selling

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