Bank of New York Mellon Corp Makes New $6.69 Million Investment in Bank First National Corporation $BFC

Bank of New York Mellon Corp purchased a new position in Bank First National Corporation (NASDAQ:BFC - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 45,090 shares of the company's stock, valued at approximately $6,689,000. Bank of New York Mellon Corp owned 0.40% of Bank First National as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. lifted 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 during the last quarter. Royal Bank of Canada grew its holdings in shares of Bank First National by 95.5% in the fourth quarter. Royal Bank of Canada now owns 305 shares of the company's stock worth $36,000 after purchasing an additional 149 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its stake 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 buying an additional 297 shares during the period. Russell Investments Group Ltd. purchased a new position in Bank First National in the 3rd quarter worth about $94,000. Finally, BNP Paribas Financial Markets lifted its holdings in Bank First National by 22.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 816 shares of the company's stock valued at $96,000 after buying an additional 150 shares in the last quarter. 29.95% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on BFC shares. Weiss Ratings cut shares of Bank First National from a "buy (a-)" rating to a "buy (b+)" rating in a research report on Thursday, August 27th. Piper Sandler boosted their price target on Bank First National from $157.00 to $161.00 and gave the company a "neutral" rating in a report on Thursday, July 23rd. Wall Street Zen raised Bank First National from a "strong sell" rating to a "hold" rating in a research note on Saturday, May 16th. Hovde Group raised their price objective on Bank First National from $160.00 to $165.00 and gave the stock an "outperform" rating in a report on Thursday, May 21st. Finally, Zacks Research raised Bank First National from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $163.00.

Bank First National Trading Up 0.8%

NASDAQ:BFC opened at $154.83 on Friday. The firm has a 50-day simple moving average of $151.52 and a 200-day simple moving average of $144.35. Bank First National Corporation has a one year low of $119.08 and a one year high of $159.10. The firm has a market cap of $1.72 billion, a P/E ratio of 20.13 and a beta of 0.41. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.93 and a current ratio of 0.93.

Bank First National (NASDAQ:BFC - Get Free Report) last released its quarterly earnings data on Tuesday, July 21st. The company reported $2.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.40 by $0.05. The firm had revenue of $65.03 million for the quarter, compared to the consensus estimate of $65.25 million. Bank First National had a net margin of 27.70% and a return on equity of 12.48%. Equities analysts anticipate that Bank First National Corporation will post 9.91 EPS for the current fiscal year.

Bank First National Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 23rd will be given a dividend of $0.60 per share. This is a boost from Bank First National's previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Wednesday, September 23rd. This represents a $2.40 annualized dividend and a yield of 1.6%. Bank First National's payout ratio is 28.61%.

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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