Teacher Retirement System of Texas Sells 6,176 Shares of Bank First National Corporation (NASDAQ:BFC)

Teacher Retirement System of Texas cut its stake in shares of Bank First National Corporation (NASDAQ:BFC) by 71.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,525 shares of the company’s stock after selling 6,176 shares during the quarter. Teacher Retirement System of Texas’ holdings in Bank First National were worth $254,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of BFC. JPMorgan Chase & Co. boosted its position in shares of Bank First National by 103.2% during the fourth quarter. JPMorgan Chase & Co. now owns 48,500 shares of the company’s stock valued at $4,806,000 after buying an additional 24,635 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Bank First National by 42.4% during the fourth quarter. American Century Companies Inc. now owns 63,294 shares of the company’s stock valued at $6,272,000 after buying an additional 18,861 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Bank First National by 57.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 30,247 shares of the company’s stock worth $2,997,000 after purchasing an additional 11,096 shares during the last quarter. Vanguard Group Inc. boosted its position in Bank First National by 2.1% in the fourth quarter. Vanguard Group Inc. now owns 518,341 shares of the company’s stock worth $51,362,000 after purchasing an additional 10,789 shares during the last quarter. Finally, Northern Trust Corp boosted its position in Bank First National by 5.6% in the fourth quarter. Northern Trust Corp now owns 95,639 shares of the company’s stock worth $9,477,000 after purchasing an additional 5,098 shares during the last quarter. 29.95% of the stock is currently owned by institutional investors.

Bank First National Price Performance

BFC opened at $126.17 on Friday. The business has a fifty day moving average of $117.10 and a 200 day moving average of $107.78. Bank First National Corporation has a 52-week low of $82.50 and a 52-week high of $127.95. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.02. The stock has a market cap of $1.25 billion, a P/E ratio of 18.21 and a beta of 0.39.

Bank First National (NASDAQ:BFC) last issued its earnings results on Friday, July 18th. The company reported $1.71 earnings per share for the quarter, missing the consensus estimate of $1.80 by ($0.09). Bank First National had a return on equity of 10.73% and a net margin of 29.22%. The firm had revenue of $41.60 million during the quarter, compared to analysts’ expectations of $43.85 million. As a group, sell-side analysts anticipate that Bank First National Corporation will post 6.9 EPS for the current year.

Bank First National Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 8th. Shareholders of record on Wednesday, September 24th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.43%. Bank First National’s dividend payout ratio (DPR) is presently 25.97%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on BFC shares. Piper Sandler raised their target price on Bank First National from $110.00 to $111.00 and gave the stock 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 price objective on the stock in a research note on Tuesday, May 6th.

Bank First National Company Profile

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.