Bank First National Corporation $BFC Shares Purchased by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. increased its stake in Bank First National Corporation by 12.3% during the first quarter, now owning approximately 5.82% of the company, valued at about $58.6 million.
• Bank First National reported $1.71 earnings per share for the latest quarter, falling short of the consensus estimate of $1.80.
• The company has declared a quarterly dividend of $0.45 per share, with an upcoming payment date of October 8th, representing an annual dividend yield of 1.4%.

Vanguard Group Inc. grew its position in Bank First National Corporation (NASDAQ:BFC - Free Report) by 12.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 581,909 shares of the company's stock after acquiring an additional 63,568 shares during the period. Vanguard Group Inc. owned about 5.82% of Bank First National worth $58,622,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Northern Trust Corp raised its position in shares of Bank First National by 5.6% in the fourth quarter. Northern Trust Corp now owns 95,639 shares of the company's stock worth $9,477,000 after acquiring an additional 5,098 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Bank First National by 57.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 30,247 shares of the company's stock worth $2,997,000 after purchasing an additional 11,096 shares during the last quarter. Barclays PLC raised its position in shares of Bank First National by 9.5% during the 4th quarter. Barclays PLC now owns 17,124 shares of the company's stock worth $1,696,000 after purchasing an additional 1,489 shares during the last quarter. Invesco Ltd. raised its position in shares of Bank First National by 26.3% during the 4th quarter. Invesco Ltd. now owns 13,917 shares of the company's stock worth $1,379,000 after purchasing an additional 2,896 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Bank First National by 15.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,187 shares of the company's stock worth $1,307,000 after purchasing an additional 1,754 shares during the last quarter. Institutional investors and hedge funds own 29.95% of the company's stock.

Insider Activity

In related news, Director Michael S. Stayer-Suprick bought 410 shares of the company's stock in a transaction that occurred on Tuesday, August 19th. The stock was purchased at an average price of $122.67 per share, for a total transaction of $50,294.70. Following the acquisition, the director owned 3,965 shares of the company's stock, valued at approximately $486,386.55. This trade represents a 11.53% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. 3.42% of the stock is owned by corporate insiders.

Bank First National Trading Down 0.8%

Shares of NASDAQ BFC traded down $1.03 during midday trading on Thursday, reaching $129.13. 76,066 shares of the stock were exchanged, compared to its average volume of 69,283. The company has a 50 day simple moving average of $121.73 and a 200 day simple moving average of $112.29. The stock has a market capitalization of $1.27 billion, a P/E ratio of 18.66 and a beta of 0.41. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.99 and a current ratio of 0.99. Bank First National Corporation has a twelve month low of $85.81 and a twelve month high of $132.59.

Bank First National (NASDAQ:BFC - Get Free Report) last announced its quarterly earnings results on Friday, July 18th. The company reported $1.71 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.80 by ($0.09). The firm had revenue of $41.60 million for the quarter, compared to analyst estimates of $43.85 million. Bank First National had a return on equity of 10.92% and a net margin of 29.04%. As a group, equities analysts expect that Bank First National Corporation will post 6.9 earnings per share for the current year.

Bank First National Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 8th. Stockholders of record on Wednesday, September 24th will be issued a dividend of $0.45 per share. The ex-dividend date is Wednesday, September 24th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.4%. Bank First National's dividend payout ratio (DPR) is currently 25.97%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on BFC shares. Piper Sandler upped their price target on shares of Bank First National from $115.00 to $137.00 and gave the stock a "neutral" rating in a research report on Monday, July 21st. Hovde Group upgraded shares of Bank First National from a "market perform" rating to an "outperform" rating and set a $130.00 price objective for the company in a report on Tuesday, May 6th. Finally, Wall Street Zen downgraded shares of Bank First National from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $133.50.

Bank First National Profile

Bank First Corporation operates as a holding company for Bank First, N.A. that provides consumer and commercial financial services to businesses, professionals, consumers, associations, individuals, and governmental authorities in Wisconsin. It offers checking, savings, money market, cash management, retirement, and health savings accounts; other time deposits; certificates of deposit; and residential mortgage products.