Dimensional Fund Advisors LP Buys 27,953 Shares of Bank First National Corporation $BFC

Key Points

• Dimensional Fund Advisors increased its Bank First National stake by 21.2%, buying 27,953 shares to own 159,678 shares valued at approximately $21.6 million. Institutional investors collectively hold 29.95% of the company.
• Bank First National reported quarterly EPS of $2.45, exceeding estimates of $2.40, while revenue of $75.04 million surpassed the $65.25 million consensus forecast.
• The company raised its quarterly dividend from $0.55 to $0.60 per share, implying a $2.40 annualized payout and a 1.5% yield. Analysts maintain a consensus “Buy” rating with a $163 price target.

Dimensional Fund Advisors LP boosted its stake in shares of Bank First National Corporation (NASDAQ:BFC - Free Report) by 21.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 159,678 shares of the company's stock after buying an additional 27,953 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.42% of Bank First National worth $21,565,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Annex Advisory Services LLC acquired a new position in shares of Bank First National in the fourth quarter worth approximately $1,020,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Bank First National by 2,452,855.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 490,591 shares of the company's stock valued at $59,764,000 after acquiring an additional 490,571 shares during the last quarter. Vanguard Group Inc. increased its position in Bank First National by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 598,817 shares of the company's stock valued at $72,948,000 after purchasing an additional 10,052 shares during the period. J.W. Cole Advisors Inc. acquired a new stake in Bank First National during the 4th quarter valued at approximately $6,340,000. Finally, UBS Group AG raised its holdings in Bank First National by 15.5% during the 4th quarter. UBS Group AG now owns 38,433 shares of the company's stock worth $4,682,000 after purchasing an additional 5,158 shares during the last quarter. Institutional investors own 29.95% of the company's stock.

Bank First National Price Performance

Shares of BFC opened at $154.95 on Friday. Bank First National Corporation has a 52-week low of $115.29 and a 52-week high of $157.45. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.94 and a current ratio of 0.94. The business's 50 day moving average price is $146.81 and its two-hundred day moving average price is $142.64. The firm has a market cap of $1.72 billion, a PE ratio of 20.15 and a beta of 0.41.

Bank First National (NASDAQ:BFC - Get Free Report) last announced its quarterly earnings data on Tuesday, July 21st. The company reported $2.45 EPS for the quarter, topping the consensus estimate of $2.40 by $0.05. The company had revenue of $75.04 million during 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 13.02%. On average, equities analysts anticipate that Bank First National Corporation will post 9.91 EPS for the current year.

Bank First National Increases Dividend

The business 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 dividend of $0.60 per share. This is a boost from Bank First National's previous quarterly dividend of $0.55. This represents a $2.40 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Wednesday, September 23rd. Bank First National's payout ratio is currently 28.61%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on BFC. Hovde Group boosted their price target on shares of Bank First National from $160.00 to $165.00 and gave the stock an "outperform" rating in a research report on Thursday, May 21st. Zacks Research raised shares of Bank First National from a "hold" rating to a "strong-buy" rating in a research note 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. Weiss Ratings cut shares of Bank First National from a "buy (a-)" rating to a "buy (b+)" rating in a research report on Thursday, June 4th. Finally, Piper Sandler upped their price target on shares of Bank First National from $157.00 to $161.00 and gave the company a "neutral" rating in a research report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $163.00.

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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