Bank First National (NASDAQ:BFC) Stock: Insider Todd Sprang Purchases 400 Shares

Bank First National Corporation (NASDAQ:BFC) Director Todd Sprang acquired 400 shares of Bank First National stock in a transaction dated Wednesday, October 28th. The shares were purchased at an average price of $148.37 per share, with a total value of $59,348.00. Following the acquisition, the director owned 2,431 shares of the company’s stock, valued at approximately $360,687.47. This trade represents a 19.69% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Bank First National Stock Down 1.1%

BFC stock opened at $149.03 on Friday. The business’s fifty day moving average price is $150.40 and its two-hundred day moving average price is $144.94. The stock has a market capitalization of $1.65 billion, a price-to-earnings ratio of 18.61 and a beta of 0.42. Bank First National Corporation has a fifty-two week low of $119.08 and a fifty-two week high of $159.10. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.93 and a quick ratio of 0.93.

Bank First National (NASDAQ:BFC) last posted its quarterly earnings data on Tuesday, October 20th. The company reported $2.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.60 by ($0.25). Bank First National had a net margin of 27.38% and a return on equity of 12.89%. The business had revenue of $75.44 million during the quarter, compared to the consensus estimate of $65.80 million. On average, equities analysts anticipate that Bank First National Corporation will post 9.94 earnings per share for the current year.

Bank First National Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 6th. Shareholders of record on Wednesday, December 23rd will be paid a dividend of $0.65 per share. The ex-dividend date is Wednesday, December 23rd. This is a positive change from Bank First National’s previous quarterly dividend of $0.60. This represents a $2.60 dividend on an annualized basis and a yield of 1.7%. Bank First National’s dividend payout ratio is currently 29.96%.

Analysts Set New Price Targets

BFC has been the subject of several recent analyst reports. Piper Sandler upped their target price on Bank First National from $157.00 to $161.00 and gave the stock a “neutral” rating in a research note on Thursday, July 23rd. Zacks Research downgraded shares of Bank First National from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 14th. Finally, Weiss Ratings upgraded shares of Bank First National from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Friday, October 16th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $163.00.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Ancora Advisors LLC acquired a new stake in Bank First National during the second quarter worth approximately $26,000. Versant Capital Management Inc boosted its position in shares of Bank First National by 53.8% during the 3rd quarter. Versant Capital Management Inc now owns 200 shares of the company’s stock worth $30,000 after purchasing an additional 70 shares in the last quarter. Johnson Financial Group Inc. bought a new stake in Bank First National in the 2nd quarter valued at about $99,000. Ballast Advisors LLC acquired a new position in Bank First National during the 1st quarter worth approximately $154,000. Finally, Pictet Asset Management Holding SA bought a new position in Bank First National in the first quarter worth approximately $206,000. 29.95% of the stock is owned by institutional investors.

About Bank First National

Bank First National, operating as Bank First Corporation (NASDAQ:BFC), is the holding company for Bank First, a community bank headquartered in Manitowoc, Wisconsin. The bank provides banking services to individuals, families, businesses and municipalities through locations across Wisconsin.

Its products and services include checking and savings accounts, certificates of deposit, consumer loans, residential mortgages, commercial real estate and business lending, agricultural loans, treasury management and online and mobile banking.