4,512 Shares in Bank First National Corporation $BFC Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company purchased a new position in Bank First National Corporation (NASDAQ:BFC) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 4,512 shares of the company’s stock, valued at approximately $669,000.

Several other large investors have also made changes to their positions in BFC. Northwestern Mutual Wealth Management Co. grew its position in shares of Bank First National by 920.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 204 shares of the company’s stock worth $25,000 after purchasing an additional 184 shares in the last quarter. Royal Bank of Canada raised its stake in Bank First National by 95.5% during the 4th quarter. Royal Bank of Canada now owns 305 shares of the company’s stock valued at $36,000 after purchasing an additional 149 shares during the period. Caitong International Asset Management Co. Ltd lifted its holdings in Bank First National by 406.8% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 370 shares of the company’s stock worth $45,000 after purchasing an additional 297 shares in the last quarter. Russell Investments Group Ltd. bought a new position in Bank First National in the 3rd quarter worth approximately $94,000. Finally, BNP Paribas Financial Markets boosted its stake in Bank First National by 22.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 816 shares of the company’s stock worth $96,000 after purchasing an additional 150 shares during the period. 29.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. 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. Hovde Group upped their target price on shares of Bank First National from $160.00 to $165.00 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. Weiss Ratings cut shares of Bank First National from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Thursday, August 27th. Piper Sandler lifted their price target on shares of Bank First National from $157.00 to $161.00 and gave the company a “neutral” rating in a report on Thursday, July 23rd. Finally, Wall Street Zen upgraded shares of 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 given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Bank First National currently has an average rating of “Buy” and a consensus target price of $163.00.

Bank First National Price Performance

Bank First National stock opened at $156.23 on Monday. Bank First National Corporation has a 52-week low of $119.08 and a 52-week high of $159.10. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.03. The firm’s fifty day moving average is $151.69 and its 200 day moving average is $144.42. The company has a market cap of $1.73 billion, a price-to-earnings ratio of 20.32 and a beta of 0.41.

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

Bank First National Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 23rd will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Wednesday, September 23rd. This is an increase from Bank First National’s previous quarterly dividend of $0.55. This represents a $2.40 annualized dividend and a yield of 1.5%. Bank First National’s payout ratio is presently 28.61%.

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.