Geode Capital Management LLC Sells 4,735 Shares of Bank First National Corporation $BFC

Geode Capital Management LLC lessened its holdings in Bank First National Corporation (NASDAQ:BFC) by 2.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 221,379 shares of the company’s stock after selling 4,735 shares during the period. Geode Capital Management LLC owned approximately 2.23% of Bank First National worth $26,049,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in BFC. CWM LLC grew its stake in shares of Bank First National by 176.3% in the 1st 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. Allianz Asset Management GmbH acquired a new stake in Bank First National in the 1st quarter valued at $222,000. XTX Topco Ltd bought a new stake in Bank First National in the first quarter valued at $219,000. Vanguard Group Inc. raised its stake in Bank First National by 12.3% during the first quarter. Vanguard Group Inc. now owns 581,909 shares of the company’s stock worth $58,622,000 after acquiring an additional 63,568 shares in the last quarter. Finally, Nuveen LLC acquired a new position in Bank First National during the first quarter worth $2,607,000. 29.95% of the stock is owned by institutional investors and hedge funds.

Bank First National Trading Down 0.4%

Shares of NASDAQ BFC opened at $124.92 on Friday. Bank First National Corporation has a twelve month low of $92.49 and a twelve month high of $135.72. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 17.57 and a beta of 0.42. 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 company’s fifty day moving average is $125.50 and its 200-day moving average is $122.54.

Bank First National (NASDAQ:BFC) last released its quarterly earnings data on Friday, November 7th. The company reported $1.91 EPS for the quarter. The business had revenue of $44.21 million during the quarter. Bank First National had a net margin of 29.34% and a return on equity of 11.28%. Equities research analysts predict that Bank First National Corporation will post 6.9 EPS for the current year.

Bank First National Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Stockholders of record on Wednesday, December 24th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Wednesday, December 24th. Bank First National’s payout ratio is 25.32%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Hovde Group boosted their target price on shares of Bank First National from $145.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. Weiss Ratings restated a “buy (b)” rating on shares of Bank First National in a research report on Wednesday, October 8th. Finally, Piper Sandler upped their price objective on shares of Bank First National from $137.00 to $142.00 and gave the stock a “neutral” rating in a research note on Thursday, October 23rd. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Bank First National currently has an average rating of “Moderate Buy” and an average target price of $146.00.

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.