Todd Sprang Purchases 150 Shares of Bank First National (NASDAQ:BFC) Stock

Bank First National Corporation (NASDAQ:BFC) Director Todd Sprang bought 150 shares of Bank First National stock in a transaction that occurred on Tuesday, January 27th. The stock was bought at an average price of $141.06 per share, for a total transaction of $21,159.00. Following the completion of the acquisition, the director directly owned 1,158 shares of the company’s stock, valued at $163,347.48. The trade was a 14.88% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.

Bank First National Trading Up 0.7%

Shares of BFC stock traded up $0.94 during mid-day trading on Friday, hitting $139.54. The company’s stock had a trading volume of 73,761 shares, compared to its average volume of 61,118. The company has a market cap of $1.37 billion, a PE ratio of 19.30 and a beta of 0.42. Bank First National Corporation has a 52 week low of $93.00 and a 52 week high of $142.12. The company’s fifty day simple moving average is $129.17 and its 200-day simple moving average is $126.60. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.99 and a current ratio of 0.99.

Bank First National (NASDAQ:BFC) last posted its quarterly earnings results on Thursday, January 22nd. The company reported $2.00 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.25. Bank First National had a return on equity of 11.68% and a net margin of 29.31%.The business had revenue of $49.68 million for the quarter, compared to the consensus estimate of $43.75 million. As a group, equities research analysts expect 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 given a $0.50 dividend. 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 1.4%. The ex-dividend date of this dividend is Wednesday, March 25th. Bank First National’s payout ratio is presently 24.90%.

Wall Street Analyst Weigh In

BFC has been the subject of several recent research reports. Scotiabank raised Bank First National to a “sector outperform” rating in a report on Monday. Wall Street Zen raised Bank First National from a “sell” rating to a “hold” rating in a report on Friday, January 23rd. Piper Sandler increased their price objective on Bank First National from $142.00 to $150.00 and gave the stock a “neutral” rating in a report on Monday. Hovde Group lifted their target price on Bank First National from $145.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, October 22nd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Bank First National in a report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Bank First National has a consensus rating of “Buy” and an average target price of $150.00.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Merit Financial Group LLC increased its stake in Bank First National by 9.0% during the 2nd quarter. Merit Financial Group LLC now owns 177,977 shares of the company’s stock valued at $20,939,000 after purchasing an additional 14,717 shares in the last quarter. Osaic Holdings Inc. lifted its position in Bank First National by 177.1% during the second quarter. Osaic Holdings Inc. now owns 14,292 shares of the company’s stock valued at $1,682,000 after purchasing an additional 9,135 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Bank First National by 58.1% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 6,052 shares of the company’s stock valued at $749,000 after buying an additional 2,224 shares during the period. Nisa Investment Advisors LLC lifted its stake in shares of Bank First National by 17,650.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 710 shares of the company’s stock worth $84,000 after acquiring an additional 706 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC grew its position in shares of Bank First National by 63.4% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 37,974 shares of the company’s stock worth $4,468,000 after buying an additional 14,734 shares in the last quarter. Institutional investors own 29.95% of the company’s stock.

About Bank First National

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.