Sistine Peter Van Sells 1,848 Shares of Bank First National (NASDAQ:BFC) Stock

Bank First National Corporation (NASDAQ:BFC) Director Sistine Peter Van sold 1,848 shares of the firm’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $155.57, for a total transaction of $287,493.36. Following the completion of the sale, the director owned 7,640 shares in the company, valued at $1,188,554.80. This represents a 19.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Bank First National Trading Down 0.5%

NASDAQ:BFC opened at $154.41 on Friday. The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of 20.08 and a beta of 0.41. Bank First National Corporation has a 52 week low of $119.08 and a 52 week high of $159.10. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.03. The firm has a 50 day moving average of $152.12 and a 200 day moving average of $144.80.

Bank First National (NASDAQ:BFC) last released its quarterly earnings results on Tuesday, July 21st. The company reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.40 by $0.05. The business had revenue of $65.03 million for the quarter, compared to analyst estimates of $65.25 million. Bank First National had a net margin of 27.70% and a return on equity of 12.48%. As a group, sell-side analysts anticipate that Bank First National Corporation will post 9.91 earnings per share for the current fiscal year.

Bank First National Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Wednesday, September 23rd will be paid a dividend of $0.60 per share. This is a positive change from Bank First National’s previous quarterly dividend of $0.55. The ex-dividend date is Wednesday, September 23rd. This represents a $2.40 annualized dividend and a yield of 1.6%. Bank First National’s dividend payout ratio (DPR) is presently 28.61%.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in BFC. Engineers Gate Manager LP purchased a new stake in Bank First National in the second quarter valued at $228,000. Squarepoint Ops LLC acquired a new stake in Bank First National during the 2nd quarter worth about $424,000. Baird Financial Group Inc. purchased a new position in shares of Bank First National during the 2nd quarter valued at about $816,000. Arizona State Retirement System raised its stake in shares of Bank First National by 5.2% during the 2nd quarter. Arizona State Retirement System now owns 2,705 shares of the company’s stock valued at $401,000 after buying an additional 133 shares during the last quarter. Finally, Corient Private Wealth LP acquired a new position in shares of Bank First National in the 2nd quarter valued at about $417,000. Hedge funds and other institutional investors own 29.95% of the company’s stock.

Bank First National Company Profile

Bank First National, operating through Bank First Corporation, is a Wisconsin-based community bank that provides banking and financial services to individuals, families, businesses and municipalities. The company offers checking and savings accounts, certificates of deposit, residential mortgages, consumer loans, commercial lending and agricultural financing.

Bank First also provides business banking solutions such as treasury management, cash management, payment services, online and mobile banking, and other commercial financial products.