SG Americas Securities LLC Sells 4,292 Shares of Bank First National Corporation $BFC

SG Americas Securities LLC reduced its position in Bank First National Corporation (NASDAQ:BFC) by 67.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,066 shares of the company’s stock after selling 4,292 shares during the period. SG Americas Securities LLC’s holdings in Bank First National were worth $279,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Annex Advisory Services LLC purchased a new stake in Bank First National during the fourth quarter valued at approximately $1,020,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Bank First National by 2,452,855.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 490,591 shares of the company’s stock worth $59,764,000 after purchasing an additional 490,571 shares during the period. JPMorgan Chase & Co. increased its position in shares of Bank First National by 87.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 26,452 shares of the company’s stock valued at $3,209,000 after purchasing an additional 12,306 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Bank First National by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 598,817 shares of the company’s stock valued at $72,948,000 after purchasing an additional 10,052 shares during the last quarter. Finally, J.W. Cole Advisors Inc. purchased a new stake in Bank First National during the 4th quarter valued at $6,340,000. Hedge funds and other institutional investors own 29.95% of the company’s stock.

Wall Street Analysts Forecast Growth

BFC has been the subject of a number of analyst reports. Weiss Ratings downgraded Bank First National from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Thursday, June 4th. Piper Sandler boosted their price objective on shares of Bank First National from $150.00 to $157.00 and gave the company a “neutral” rating in a research report on Monday, April 20th. Hovde Group increased their target price on shares of Bank First National from $160.00 to $165.00 and gave the company an “outperform” rating in a research note on Thursday, May 21st. Zacks Research upgraded shares of Bank First National from a “strong sell” rating to a “hold” rating in a report on Thursday, June 18th. Finally, Wall Street Zen raised shares of Bank First National from a “strong sell” rating to a “hold” rating in a research note on Saturday, May 16th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $161.00.

Insider Activity at Bank First National

In other news, Director Michael S. Stayer-Suprick acquired 225 shares of the company’s stock in a transaction that occurred on Tuesday, April 21st. The shares were bought at an average price of $140.04 per share, with a total value of $31,509.00. Following the completion of the purchase, the director directly owned 4,597 shares in the company, valued at $643,763.88. This trade represents a 5.15% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Todd A. Sprang acquired 450 shares of the firm’s stock in a transaction that occurred on Wednesday, April 22nd. The stock was purchased at an average price of $138.96 per share, with a total value of $62,532.00. Following the completion of the acquisition, the director directly owned 2,015 shares of the company’s stock, valued at $280,004.40. This represents a 28.75% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 4.97% of the company’s stock.

Bank First National Price Performance

BFC opened at $147.35 on Friday. The business has a fifty day moving average of $144.19 and a 200 day moving average of $139.21. The stock has a market cap of $1.64 billion, a P/E ratio of 20.49 and a beta of 0.41. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.03. Bank First National Corporation has a 52-week low of $115.29 and a 52-week high of $154.29.

Bank First National (NASDAQ:BFC) last released its earnings results on Thursday, April 16th. The company reported $2.24 earnings per share for the quarter, missing the consensus estimate of $2.40 by ($0.16). The business had revenue of $63.75 million for the quarter, compared to the consensus estimate of $65.70 million. Bank First National had a return on equity of 11.89% and a net margin of 27.49%.During the same quarter last year, the business posted $1.82 earnings per share. As a group, sell-side analysts anticipate that Bank First National Corporation will post 9.5 EPS for the current year.

Bank First National Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 8th. Stockholders of record on Wednesday, June 24th were given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.5%. This is a boost from Bank First National’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Wednesday, June 24th. Bank First National’s dividend payout ratio is 30.60%.

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.