Annex Advisory Services LLC Makes New Investment in Bank First National Corporation $BFC

Key Points

• Annex Advisory Services acquired 7,492 shares of Bank First National worth approximately $1.11 million, while institutional investors collectively owned 29.95% of the company.
• Bank First National reported quarterly EPS of $2.45, exceeding the $2.40 consensus estimate, although revenue of $65.03 million was slightly below expectations.
• The company raised its quarterly dividend from $0.55 to $0.60, implying an annualized dividend of $2.40 and a 1.5% yield. Analysts maintain a consensus “Buy” rating with an average price target of $163.

Annex Advisory Services LLC bought a new position in Bank First National Corporation (NASDAQ:BFC - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 7,492 shares of the company's stock, valued at approximately $1,111,000. Annex Advisory Services LLC owned 0.07% of Bank First National as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in shares of Bank First National by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 598,817 shares of the company's stock worth $72,948,000 after purchasing an additional 10,052 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Bank First National by 2,452,855.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 490,591 shares of the company's stock valued at $59,764,000 after purchasing an additional 490,571 shares during the last quarter. Geode Capital Management LLC increased its stake in Bank First National by 3.5% in the fourth quarter. Geode Capital Management LLC now owns 247,275 shares of the company's stock valued at $30,127,000 after purchasing an additional 8,308 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Bank First National by 21.2% during the first quarter. Dimensional Fund Advisors LP now owns 159,678 shares of the company's stock worth $21,565,000 after buying an additional 27,953 shares during the period. Finally, First Trust Advisors LP lifted its position in Bank First National by 9.6% during the first quarter. First Trust Advisors LP now owns 73,036 shares of the company's stock worth $9,864,000 after buying an additional 6,416 shares during the period. 29.95% of the stock is currently owned by institutional investors and hedge funds.

Bank First National Stock Performance

NASDAQ BFC opened at $156.95 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.94 and a quick ratio of 0.94. Bank First National Corporation has a 1-year low of $119.08 and a 1-year high of $158.86. The firm has a market capitalization of $1.74 billion, a P/E ratio of 20.41 and a beta of 0.41. The business's 50-day simple moving average is $148.15 and its 200-day simple moving average is $143.28.

Bank First National (NASDAQ:BFC - Get Free Report) last posted its quarterly earnings results on Tuesday, July 21st. The company reported $2.45 EPS for the quarter, beating the consensus estimate of $2.40 by $0.05. The firm had revenue of $65.03 million for the quarter, compared to analyst estimates of $65.25 million. Bank First National had a net margin of 27.70% and a return on equity of 13.02%. Equities analysts predict that Bank First National Corporation will post 9.91 EPS for the current year.

Bank First National Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders 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 represents a $2.40 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 $0.55. Bank First National's payout ratio is 28.61%.

Analyst Ratings Changes

Several analysts have commented on BFC shares. Weiss Ratings upgraded Bank First National from a "buy (b+)" rating to a "buy (a-)" rating in a report on Tuesday. Wall Street Zen upgraded shares of Bank First National from a "strong sell" rating to a "hold" rating in a report on Saturday, May 16th. Zacks Research raised shares of Bank First National from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 23rd. Piper Sandler raised their target price on shares of Bank First National from $157.00 to $161.00 and gave the stock a "neutral" rating in a research report on Thursday, July 23rd. Finally, Hovde Group boosted their target price on shares of Bank First National from $160.00 to $165.00 and gave the company an "outperform" rating in a report on Thursday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Bank First National presently has a consensus rating of "Buy" and an average price target of $163.00.

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.

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