Swiss National Bank Lowers Holdings in Bank First National Corporation $BFC

Swiss National Bank decreased its position in Bank First National Corporation (NASDAQ:BFC) by 1.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,417 shares of the company’s stock after selling 300 shares during the period. Swiss National Bank owned 0.18% of Bank First National worth $1,855,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Lazard Asset Management LLC purchased a new stake in shares of Bank First National in the fourth quarter valued at approximately $25,000. Sterling Capital Management LLC boosted its holdings in shares of Bank First National by 771.4% in the fourth quarter. Sterling Capital Management LLC now owns 305 shares of the company’s stock valued at $30,000 after purchasing an additional 270 shares during the period. CWM LLC boosted its holdings in shares of Bank First National by 176.3% in the first quarter. CWM LLC now owns 572 shares of the company’s stock valued at $58,000 after purchasing an additional 365 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Bank First National by 17,300.0% in the first quarter. GAMMA Investing LLC now owns 1,914 shares of the company’s stock valued at $193,000 after purchasing an additional 1,903 shares during the period. Finally, XTX Topco Ltd purchased a new stake in shares of Bank First National in the first quarter valued at approximately $219,000. Hedge funds and other institutional investors own 29.95% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on BFC. Piper Sandler boosted their price target on Bank First National from $115.00 to $137.00 and gave the company a “neutral” rating in a report on Monday, July 21st. Hovde Group upgraded Bank First National from a “market perform” rating to an “outperform” rating and set a $130.00 price target for the company in a report on Tuesday, May 6th. Finally, Wall Street Zen downgraded shares of Bank First National from a “hold” rating to a “sell” rating in a research note on Saturday, July 26th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $133.50.

Bank First National Stock Performance

Shares of NASDAQ:BFC opened at $127.92 on Friday. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of 18.46 and a beta of 0.41. Bank First National Corporation has a 52 week low of $85.81 and a 52 week high of $132.59. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.02. The firm has a 50 day moving average of $120.63 and a 200 day moving average of $111.79.

Bank First National (NASDAQ:BFC) last issued its quarterly earnings data on Friday, July 18th. The company reported $1.71 EPS for the quarter, missing analysts’ consensus estimates of $1.80 by ($0.09). The business had revenue of $41.60 million during the quarter, compared to the consensus estimate of $43.85 million. Bank First National had a return on equity of 10.92% and a net margin of 29.04%. On average, sell-side analysts predict that Bank First National Corporation will post 6.9 earnings per share for the current fiscal year.

Bank First National Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 8th. Stockholders of record on Wednesday, September 24th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Wednesday, September 24th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.4%. Bank First National’s dividend payout ratio is presently 25.97%.

Insider Activity

In other Bank First National news, Director Michael S. Stayer-Suprick purchased 410 shares of Bank First National stock in a transaction dated Tuesday, August 19th. The shares were acquired at an average cost of $122.67 per share, with a total value of $50,294.70. Following the completion of the transaction, the director owned 3,965 shares in the company, valued at approximately $486,386.55. This trade represents a 11.53% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 3.42% of the company’s stock.

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.