Principal Financial Group Inc. Acquires Shares of 20,566 Bank First National Corporation $BFC

Principal Financial Group Inc. bought a new position in shares of Bank First National Corporation (NASDAQ:BFC) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 20,566 shares of the company’s stock, valued at approximately $2,495,000. Principal Financial Group Inc. owned approximately 1.39% of Bank First National as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. American Century Companies Inc. increased its position in Bank First National by 2.0% during the second quarter. American Century Companies Inc. now owns 84,044 shares of the company’s stock worth $9,888,000 after buying an additional 1,619 shares during the period. Creative Planning increased its holdings in shares of Bank First National by 3.9% in the 2nd quarter. Creative Planning now owns 57,162 shares of the company’s stock valued at $6,725,000 after acquiring an additional 2,167 shares during the period. Jane Street Group LLC raised its position in Bank First National by 212.7% in the 2nd quarter. Jane Street Group LLC now owns 34,276 shares of the company’s stock valued at $4,033,000 after purchasing an additional 23,314 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Bank First National by 58.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 20,843 shares of the company’s stock valued at $2,100,000 after purchasing an additional 7,656 shares during the last quarter. Finally, Qube Research & Technologies Ltd boosted its stake in Bank First National by 88.0% during the 2nd quarter. Qube Research & Technologies Ltd now owns 18,489 shares of the company’s stock worth $2,175,000 after purchasing an additional 8,656 shares during the period. 29.95% of the stock is owned by institutional investors and hedge funds.

Bank First National Trading Up 0.6%

Shares of BFC opened at $146.00 on Tuesday. The firm has a market capitalization of $1.44 billion, a P/E ratio of 20.19 and a beta of 0.42. Bank First National Corporation has a twelve month low of $93.00 and a twelve month high of $152.99. The firm’s 50-day moving average is $134.04 and its two-hundred day moving average is $128.50. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.02.

Bank First National (NASDAQ:BFC) last announced its earnings results on Thursday, January 22nd. The company reported $2.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.25. The company had revenue of $49.68 million during the quarter, compared to analysts’ expectations of $43.75 million. Bank First National had a net margin of 29.31% and a return on equity of 11.68%. On average, research analysts predict that Bank First National Corporation will post 6.9 earnings per share for the current fiscal year.

Bank First National Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 25th will be issued a $0.50 dividend. This is a boost from Bank First National’s previous quarterly dividend of $0.45. The ex-dividend date is Wednesday, March 25th. This represents a $2.00 annualized dividend and a yield of 1.4%. Bank First National’s payout ratio is presently 24.90%.

Insider Buying and Selling at Bank First National

In other news, Director Steven M. Eldred sold 8,000 shares of the firm’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $145.02, for a total transaction of $1,160,160.00. Following the sale, the director owned 133,680 shares in the company, valued at $19,386,273.60. This trade represents a 5.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 4.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on BFC shares. Scotiabank upgraded shares of Bank First National to a “sector outperform” rating in a research note on Monday, January 26th. Weiss Ratings restated a “buy (b)” rating on shares of Bank First National in a research report on Wednesday, January 21st. Zacks Research raised Bank First National from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 27th. Piper Sandler lifted their target price on Bank First National from $142.00 to $150.00 and gave the company a “neutral” rating in a research note on Monday, January 26th. Finally, Hovde Group upped their price target on Bank First National from $145.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $150.00.

Bank First National Profile

Bank First National Corporation (NASDAQ: BFC) is the bank holding company for Bank First National, a community bank headquartered in Princeton, Wisconsin. The company offers a comprehensive suite of financial services designed to meet the needs of individuals, families, small businesses and agricultural clients. Through its branch network and digital channels, Bank First National provides deposit accounts, consumer and commercial lending, mortgage financing and treasury management solutions.

The bank’s core deposit products include checking and savings accounts, money market funds and certificates of deposit, complemented by online and mobile banking platforms that enable customers to manage their finances remotely.