Beacon Pointe Advisors LLC Takes $1.46 Million Position in Bank First National Corporation $BFC

Key Points

• Beacon Pointe Advisors acquired 9,858 shares of Bank First National worth approximately $1.46 million, representing about 0.09% of the company. Hedge funds and other institutional investors collectively own 29.95% of BFC.
• Analysts maintain a generally positive view, with the stock receiving an average “Buy” rating and a consensus price target of $163. Hovde Group and Piper Sandler recently raised their price targets, while Zacks upgraded the stock to “strong buy.”
• Bank First National beat quarterly earnings expectations with $2.45 EPS versus $2.40 forecast, and increased its quarterly dividend from $0.55 to $0.60 per share, equivalent to a 1.6% annualized yield.

Beacon Pointe Advisors LLC bought a new position in Bank First National Corporation (NASDAQ:BFC - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 9,858 shares of the company's stock, valued at approximately $1,462,000. Beacon Pointe Advisors LLC owned about 0.09% of Bank First National as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in BFC. Ancora Advisors LLC bought a new position in Bank First National during the 2nd quarter valued at approximately $26,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Bank First National by 920.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 204 shares of the company's stock worth $25,000 after buying an additional 184 shares during the period. Royal Bank of Canada grew its position in shares of Bank First National by 95.5% in the 4th quarter. Royal Bank of Canada now owns 305 shares of the company's stock worth $36,000 after buying an additional 149 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its position in shares of 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 last quarter. Finally, Johnson Financial Group Inc. purchased a new position in shares of Bank First National during the second quarter valued at approximately $99,000. 29.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on BFC. Hovde Group upped their target price on Bank First National from $160.00 to $165.00 and gave the company an "outperform" rating in a report on Thursday, May 21st. Piper Sandler lifted their price target on shares of Bank First National from $157.00 to $161.00 and gave the company a "neutral" rating in a report on Thursday, July 23rd. 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. 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. Finally, Weiss Ratings cut shares of Bank First National from a "buy (a-)" rating to a "buy (b+)" rating in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Bank First National has an average rating of "Buy" and a consensus target price of $163.00.

Bank First National Stock Performance

Bank First National stock opened at $152.81 on Monday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.03. The business's fifty day simple moving average is $150.91 and its two-hundred day simple moving average is $144.20. Bank First National Corporation has a 12 month low of $119.08 and a 12 month high of $159.10. The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of 19.87 and a beta of 0.41.

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

Bank First National Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 23rd will be paid a dividend of $0.60 per share. The ex-dividend date is Wednesday, September 23rd. This represents a $2.40 dividend on an annualized basis and a yield of 1.6%. This is an increase from Bank First National's previous quarterly dividend of $0.55. Bank First National's dividend payout ratio (DPR) is 28.61%.

Bank First National 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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