Rhumbline Advisers Sells 367 Shares of Bank First National Corporation (NASDAQ:BFC)

Rhumbline Advisers lowered its position in Bank First National Corporation (NASDAQ:BFC) by 2.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,989 shares of the company’s stock after selling 367 shares during the quarter. Rhumbline Advisers owned approximately 0.14% of Bank First National worth $1,409,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Commonwealth Equity Services LLC grew its stake in Bank First National by 2.3% in the fourth quarter. Commonwealth Equity Services LLC now owns 4,731 shares of the company’s stock worth $469,000 after purchasing an additional 105 shares in the last quarter. Mariner LLC grew its stake in Bank First National by 4.7% in the fourth quarter. Mariner LLC now owns 2,497 shares of the company’s stock worth $247,000 after purchasing an additional 112 shares in the last quarter. Citadel Advisors LLC grew its stake in Bank First National by 1.2% in the fourth quarter. Citadel Advisors LLC now owns 10,264 shares of the company’s stock worth $1,017,000 after purchasing an additional 119 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Bank First National by 2.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,531 shares of the company’s stock valued at $449,000 after acquiring an additional 123 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Bank First National by 2.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,506 shares of the company’s stock valued at $546,000 after acquiring an additional 124 shares in the last quarter. Institutional investors own 29.95% of the company’s stock.

Bank First National Stock Up 0.1%

Shares of NASDAQ BFC opened at $111.59 on Thursday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $1.11 billion, a PE ratio of 16.39 and a beta of 0.39. The stock’s fifty day simple moving average is $112.38 and its two-hundred day simple moving average is $105.29. Bank First National Corporation has a 12-month low of $77.00 and a 12-month high of $119.04.

Bank First National (NASDAQ:BFC) last announced its earnings results on Tuesday, April 15th. The company reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.20. The business had revenue of $43.10 million for the quarter, compared to analysts’ expectations of $41.80 million. Bank First National had a return on equity of 10.73% and a net margin of 29.22%. As a group, analysts expect that Bank First National Corporation will post 6.9 EPS for the current fiscal year.

Bank First National Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 9th were paid a $3.50 dividend. The ex-dividend date of this dividend was Friday, May 9th. This is a boost from Bank First National’s previous dividend of $0.20. Bank First National’s dividend payout ratio (DPR) is 26.43%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Piper Sandler increased their target price on Bank First National from $110.00 to $111.00 and gave the company a “neutral” rating in a research report on Thursday, April 17th. Hovde Group raised Bank First National from a “market perform” rating to an “outperform” rating and set a $130.00 target price on the stock in a research report on Tuesday, May 6th.

About Bank First National

Bank First Corporation operates as a holding company for Bank First, N.A. that provides consumer and commercial financial services to businesses, professionals, consumers, associations, individuals, and governmental authorities in Wisconsin. It offers checking, savings, money market, cash management, retirement, and health savings accounts; other time deposits; certificates of deposit; and residential mortgage products.