Annex Advisory Services LLC Takes Position in Bank First National Corporation $BFC

Key Points

• Annex Advisory Services LLC acquired 8,375 shares of Bank First National (NASDAQ: BFC) in Q4, a new stake valued at about $1.02 million and representing roughly 0.09% ownership.
• Director Steven M. Eldred sold 8,000 shares on Feb. 6 at an average price of $145.02 (≈$1.16 million), reducing his stake by 5.65%; company insiders now own about 3.42% of the stock.
• Bank First beat quarter expectations with $2.00 EPS vs. $1.75 expected and $49.68M revenue, and it raised the quarterly dividend to $0.50 (annualized $2.00, ~1.4% yield).

Annex Advisory Services LLC acquired a new stake in shares of Bank First National Corporation (NASDAQ:BFC - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 8,375 shares of the company's stock, valued at approximately $1,020,000. Annex Advisory Services LLC owned about 0.09% of Bank First National as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Bank First National by 0.5% during the third quarter. Vanguard Group Inc. now owns 588,765 shares of the company's stock valued at $71,423,000 after buying an additional 2,862 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Bank First National by 41.7% during the third quarter. Dimensional Fund Advisors LP now owns 107,025 shares of the company's stock valued at $12,983,000 after buying an additional 31,510 shares during the last quarter. Creative Planning increased its holdings in Bank First National by 8.7% during the third quarter. Creative Planning now owns 62,123 shares of the company's stock valued at $7,536,000 after buying an additional 4,961 shares during the last quarter. Jane Street Group LLC increased its holdings in Bank First National by 212.7% during the second quarter. Jane Street Group LLC now owns 34,276 shares of the company's stock valued at $4,033,000 after buying an additional 23,314 shares during the last quarter. Finally, UBS Group AG increased its holdings in Bank First National by 211.8% during the third quarter. UBS Group AG now owns 33,275 shares of the company's stock valued at $4,037,000 after buying an additional 22,604 shares during the last quarter. 29.95% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Bank First National news, Director Steven M. Eldred sold 8,000 shares of the stock in a transaction on Friday, February 6th. The shares were sold at an average price of $145.02, for a total transaction of $1,160,160.00. Following the completion of the transaction, the director owned 133,680 shares in the company, valued at $19,386,273.60. This trade represents a 5.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.42% of the stock is owned by company insiders.

Bank First National Stock Performance

Shares of NASDAQ BFC opened at $142.65 on Thursday. The firm has a fifty day moving average price of $139.33 and a 200-day moving average price of $132.20. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market cap of $1.60 billion, a PE ratio of 19.73 and a beta of 0.40. Bank First National Corporation has a 1 year low of $102.24 and a 1 year high of $152.99.

Bank First National (NASDAQ:BFC - Get Free Report) last announced its quarterly earnings data on Thursday, January 22nd. The company reported $2.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.75 by $0.25. The firm had revenue of $49.68 million during the quarter, compared to analysts' expectations of $43.75 million. Bank First National had a net margin of 29.31% and a return on equity of 11.61%. Equities analysts anticipate that Bank First National Corporation will post 6.9 earnings per share for the current fiscal year.

Bank First National Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 8th. Investors of record on Wednesday, March 25th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, March 25th. This is a positive change from Bank First National's previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a yield of 1.4%. Bank First National's dividend payout ratio is 27.66%.

Analysts Set New Price Targets

A number of analysts have commented on BFC shares. Scotiabank raised shares of Bank First National to a "sector outperform" rating in a report on Monday, January 26th. Piper Sandler upped their target price on shares of Bank First National from $142.00 to $150.00 and gave the company a "neutral" rating in a report on Monday, January 26th. Wall Street Zen cut shares of Bank First National from a "hold" rating to a "sell" rating in a research note on Saturday, February 14th. Zacks Research cut shares of Bank First National from a "strong-buy" rating to a "hold" rating in a research note on Thursday, March 26th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Bank First National in a research note on Wednesday, January 21st. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $150.00.

About Bank First National

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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