Quantbot Technologies LP Acquires New Stake in Bank First National Corporation $BFC

Quantbot Technologies LP bought a new position in shares of Bank First National Corporation (NASDAQ:BFC) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 5,877 shares of the company’s stock, valued at approximately $713,000. Quantbot Technologies LP owned approximately 0.40% of Bank First National at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BFC. State of Alaska Department of Revenue purchased a new stake in Bank First National during the third quarter worth about $48,000. BNP Paribas Financial Markets boosted its stake in shares of Bank First National by 22.5% in the second quarter. BNP Paribas Financial Markets now owns 816 shares of the company’s stock valued at $96,000 after purchasing an additional 150 shares during the period. USA Financial Formulas acquired a new position in shares of Bank First National in the third quarter valued at approximately $103,000. CWM LLC grew its holdings in shares of Bank First National by 34.7% in the third quarter. CWM LLC now owns 901 shares of the company’s stock valued at $109,000 after purchasing an additional 232 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in Bank First National by 118.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,129 shares of the company’s stock worth $133,000 after buying an additional 612 shares during the period. 29.95% of the stock is currently owned by hedge funds and other institutional investors.

Bank First National Stock Down 0.2%

Shares of NASDAQ:BFC opened at $136.32 on Friday. Bank First National Corporation has a fifty-two week low of $93.00 and a fifty-two week high of $152.99. The firm’s 50 day moving average price is $136.13 and its 200 day moving average price is $130.44. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.02. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of 18.85 and a beta of 0.43.

Bank First National (NASDAQ:BFC) last posted its quarterly earnings results on Thursday, January 22nd. The company reported $2.00 EPS for the quarter, topping the consensus estimate of $1.75 by $0.25. Bank First National had a net margin of 29.31% and a return on equity of 11.61%. The company had revenue of $49.68 million during the quarter, compared to analysts’ expectations of $43.75 million. As a group, equities 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 company also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Wednesday, March 25th will be paid a dividend of $0.50 per share. The ex-dividend date is Wednesday, March 25th. This is an increase from Bank First National’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.5%. Bank First National’s payout ratio is presently 24.90%.

Insider Buying and Selling

In other Bank First National 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 value of $1,160,160.00. Following the sale, the director directly 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.42% of the stock is owned by company insiders.

Analyst Ratings Changes

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

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.