Susquehanna International Group LLP Sells 11,754 Shares of Bank First National Corporation $BFC

Susquehanna International Group LLP reduced its position in Bank First National Corporation (NASDAQ:BFC) by 61.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,376 shares of the company’s stock after selling 11,754 shares during the quarter. Susquehanna International Group LLP’s holdings in Bank First National were worth $1,094,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of BFC. BlackRock Inc. purchased a new stake in Bank First National in the 2nd quarter worth approximately $121,853,000. Vanguard Group Inc. raised its position in shares of Bank First National by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 598,817 shares of the company’s stock worth $72,948,000 after buying an additional 10,052 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Bank First National by 2,452,855.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 490,591 shares of the company’s stock valued at $59,764,000 after buying an additional 490,571 shares during the period. Geode Capital Management LLC boosted its stake in Bank First National by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 247,275 shares of the company’s stock valued at $30,127,000 after buying an additional 8,308 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Bank First National by 21.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 159,678 shares of the company’s stock worth $21,565,000 after acquiring an additional 27,953 shares during the last quarter. Hedge funds and other institutional investors own 29.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on BFC shares. Hovde Group lifted their price target on Bank First National from $160.00 to $165.00 and gave the company an “outperform” rating in a research report on Thursday, May 21st. Piper Sandler increased their price target on shares of Bank First National from $157.00 to $161.00 and gave the stock a “neutral” rating in a report on Thursday, July 23rd. Zacks Research upgraded shares of Bank First National from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 23rd. Weiss Ratings lowered shares of Bank First National from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Thursday. Finally, Wall Street Zen raised Bank First National from a “strong sell” rating to a “hold” rating in a research note on Saturday, May 16th. 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’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $163.00.

Bank First National Price Performance

Shares of Bank First National stock opened at $152.81 on Monday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.93 and a current ratio of 0.93. Bank First National Corporation has a 52-week low of $119.08 and a 52-week high of $159.10. The company has a fifty day moving average of $150.91 and a 200-day moving average of $144.20. The stock has a market capitalization of $1.69 billion, a price-to-earnings ratio of 19.87 and a beta of 0.41.

Bank First National (NASDAQ:BFC) last issued its earnings results on Tuesday, July 21st. The company reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.40 by $0.05. Bank First National had a net margin of 27.70% and a return on equity of 12.48%. The company had revenue of $65.03 million for the quarter, compared to analysts’ expectations of $65.25 million. Equities research analysts expect that Bank First National Corporation will post 9.91 EPS for the current year.

Bank First National Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Wednesday, September 23rd will be paid a $0.60 dividend. The ex-dividend date of this dividend is Wednesday, September 23rd. This is a positive change from Bank First National’s previous quarterly dividend of $0.55. This represents a $2.40 annualized dividend and a dividend yield of 1.6%. Bank First National’s payout ratio is presently 28.61%.

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.