Deutsche Bank AG Acquires New Stake in Bank First National Corporation $BFC

Key Points

• Deutsche Bank AG acquired 10,404 shares of Bank First National in the second quarter, valued at approximately $1.54 million, giving it a 0.09% stake. Institutional investors and hedge funds collectively own 29.95% of the company.
• Bank First National reported quarterly EPS of $2.45, beating estimates of $2.40, while revenue of $65.03 million fell slightly short of expectations. The company raised its quarterly dividend to $0.60, equivalent to a 1.6% annual yield.
• Analyst sentiment remains positive, with the stock carrying a consensus “Buy” rating and an average price target of $163, compared with a recent share price of $152.81.

Deutsche Bank AG bought a new position in shares of Bank First National Corporation (NASDAQ:BFC - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 10,404 shares of the company's stock, valued at approximately $1,543,000. Deutsche Bank AG owned about 0.09% of Bank First National at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of BFC. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Bank First National by 920.0% during the 4th 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 period. Royal Bank of Canada raised its holdings in shares of Bank First National by 95.5% during the 4th quarter. Royal Bank of Canada now owns 305 shares of the company's stock valued at $36,000 after buying an additional 149 shares during the period. Caitong International Asset Management Co. Ltd lifted its holdings 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 in the last quarter. Russell Investments Group Ltd. purchased a new position in Bank First National in the 3rd quarter valued at about $94,000. Finally, Kestra Advisory Services LLC acquired a new stake in shares of Bank First National during the fourth quarter valued at about $98,000. 29.95% of the stock is currently owned by institutional investors and hedge funds.

Bank First National Price Performance

Shares of NASDAQ:BFC opened at $152.81 on Friday. The firm has a market cap of $1.69 billion, a price-to-earnings ratio of 19.87 and a beta of 0.41. Bank First National Corporation has a 1 year low of $119.08 and a 1 year high of $159.10. 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 has a fifty day simple moving average of $150.91 and a 200 day simple moving average of $144.25.

Bank First National (NASDAQ:BFC - Get Free Report) last released its quarterly earnings results on Tuesday, July 21st. The company reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.40 by $0.05. The company 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, sell-side 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 firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Investors 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 is an increase from Bank First National's previous quarterly dividend of $0.55. This represents a $2.40 dividend on an annualized basis and a yield of 1.6%. Bank First National's payout ratio is presently 28.61%.

Analyst Ratings Changes

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

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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