Northern Trust Corp Has $9.25 Million Position in Bank First National Corporation $BFC

Northern Trust Corp reduced its stake in Bank First National Corporation (NASDAQ:BFC) by 4.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 91,829 shares of the company’s stock after selling 3,810 shares during the period. Northern Trust Corp owned about 0.92% of Bank First National worth $9,251,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in BFC. Lazard Asset Management LLC acquired a new stake in Bank First National during the 4th quarter worth approximately $25,000. CWM LLC boosted its position in Bank First National by 176.3% during the 1st quarter. CWM LLC now owns 572 shares of the company’s stock worth $58,000 after buying an additional 365 shares during the period. GAMMA Investing LLC boosted its position in Bank First National by 17,300.0% during the 1st quarter. GAMMA Investing LLC now owns 1,914 shares of the company’s stock worth $193,000 after buying an additional 1,903 shares during the period. XTX Topco Ltd acquired a new stake in Bank First National during the 1st quarter worth approximately $219,000. Finally, Allianz Asset Management GmbH acquired a new stake in Bank First National during the 1st quarter worth approximately $222,000. 29.95% of the stock is currently owned by institutional investors and hedge funds.

Bank First National Stock Down 1.0%

Shares of NASDAQ BFC opened at $127.96 on Friday. The company has a market capitalization of $1.26 billion, a P/E ratio of 18.46 and a beta of 0.43. Bank First National Corporation has a 52-week low of $85.81 and a 52-week high of $132.59. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.99 and a current ratio of 0.99. The company’s 50 day moving average price is $123.78 and its 200-day moving average price is $113.58.

Bank First National (NASDAQ:BFC) last released its quarterly earnings data 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 net margin of 29.04% and a return on equity of 10.92%. The company had revenue of $41.60 million during the quarter, compared to the consensus estimate of $43.85 million. Equities analysts forecast that Bank First National Corporation will post 6.9 earnings per share for the current year.

Bank First National Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Piper Sandler lifted their target price on shares of Bank First National from $115.00 to $137.00 and gave the stock a “neutral” rating in a research report on Monday, July 21st. Wall Street Zen downgraded shares of Bank First National from a “hold” rating to a “sell” rating in a research report on Saturday, July 26th. One investment 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, Bank First National currently has an average rating of “Moderate Buy” and a consensus price target of $133.50.

Insider Buying and Selling at Bank First National

In related news, Director Michael S. Stayer-Suprick purchased 410 shares of the business’s stock in a transaction that occurred on Tuesday, August 19th. The shares were bought at an average cost of $122.67 per share, with a total value of $50,294.70. Following the acquisition, the director owned 3,965 shares of the company’s stock, valued at $486,386.55. This represents a 11.53% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 3.42% of the company’s stock.

Bank First National 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.