Bank First National Corporation $BFC Shares Bought by Citigroup Inc.

Citigroup Inc. boosted its holdings in shares of Bank First National Corporation (NASDAQ:BFC) by 299.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 17,151 shares of the company’s stock after buying an additional 12,857 shares during the quarter. Citigroup Inc. owned 1.16% of Bank First National worth $2,081,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. increased its stake in shares of Bank First National by 0.5% in the third quarter. Vanguard Group Inc. now owns 588,765 shares of the company’s stock worth $71,423,000 after acquiring an additional 2,862 shares during the period. American Century Companies Inc. lifted 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 valued at $9,888,000 after purchasing an additional 1,619 shares during the period. Creative Planning boosted its holdings in Bank First National by 3.9% in the second quarter. Creative Planning now owns 57,162 shares of the company’s stock valued at $6,725,000 after purchasing an additional 2,167 shares during the last quarter. Jane Street Group LLC boosted its holdings in Bank First National by 212.7% in the second 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. Finally, JPMorgan Chase & Co. grew its position in Bank First National by 87.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 26,452 shares of the company’s stock worth $3,209,000 after purchasing an additional 12,306 shares during the period. 29.95% of the stock is currently owned by institutional investors and hedge funds.

Bank First National Trading Down 0.2%

Shares of Bank First National stock opened at $136.32 on Monday. The firm has a 50-day simple moving average of $136.13 and a two-hundred day simple moving average of $130.49. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.00 and a current ratio of 1.00. Bank First National Corporation has a fifty-two week low of $93.00 and a fifty-two week high of $152.99. The company has a market cap of $1.53 billion, a P/E ratio of 18.85 and a beta of 0.43.

Bank First National (NASDAQ:BFC) last posted its earnings results on Thursday, January 22nd. The company reported $2.00 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.25. Bank First National had a return on equity of 11.61% and a net margin of 29.31%.The firm had revenue of $49.68 million for the quarter, compared to analysts’ expectations of $43.75 million. As a group, equities 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 disclosed 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. The ex-dividend date of this dividend is Wednesday, March 25th. This is an increase from Bank First National’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a yield of 1.5%. Bank First National’s dividend payout ratio is 27.66%.

Wall Street Analysts Forecast Growth

BFC has been the subject of several analyst reports. Wall Street Zen cut Bank First National from a “hold” rating to a “sell” rating in a report on Saturday, February 14th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bank First National in a report on Wednesday, January 21st. Piper Sandler lifted their price target on Bank First National from $142.00 to $150.00 and gave the company a “neutral” rating in a research report on Monday, January 26th. Scotiabank raised Bank First National to a “sector outperform” rating in a report on Monday, January 26th. Finally, Zacks Research upgraded Bank First National from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 27th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Bank First National currently has a consensus rating of “Buy” and an average target price of $150.00.

Insider Activity at Bank First National

In other news, Director Steven M. Eldred sold 8,000 shares of the stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $151.95, for a total transaction of $1,215,600.00. Following the transaction, the director owned 125,680 shares in the company, valued at $19,097,076. This trade represents a 5.98% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 3.42% of the stock is owned by company insiders.

Bank First National Company 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.