N.E.W. Advisory Services LLC Invests $2.45 Million in Bank First National Corporation $BFC

Key Points

• N.E.W. Advisory Services acquired 16,497 shares of Bank First National worth approximately $2.45 million, while institutional investors and hedge funds collectively own 29.95% of the stock.
• Analyst sentiment is positive: Bank First National has a consensus “Buy” rating and an average price target of $163, with several firms recently raising their ratings or targets.
• The company beat quarterly EPS estimates, reporting $2.45 versus $2.40 expected, and increased its quarterly dividend from $0.55 to $0.60 per share, implying a 1.5% annual yield.

N.E.W. Advisory Services LLC acquired 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 disclosure with the SEC. The firm acquired 16,497 shares of the company's stock, valued at approximately $2,447,000. N.E.W. Advisory Services LLC owned 0.15% of Bank First National as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp acquired a new stake in shares of Bank First National in the second quarter valued at $6,689,000. Annex Advisory Services LLC purchased a new position in Bank First National during the 2nd quarter valued at about $1,111,000. FORM Wealth Advisors LLC purchased a new position in Bank First National during the 2nd quarter valued at about $682,000. Ballast Advisors LLC acquired a new position in Bank First National in the 1st quarter valued at about $154,000. Finally, Bank of America Corp DE grew its position in Bank First National by 60.6% in the 1st quarter. Bank of America Corp DE now owns 17,102 shares of the company's stock valued at $2,310,000 after acquiring an additional 6,456 shares in the last quarter. 29.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on BFC. Weiss Ratings upgraded shares of Bank First National from a "buy (b+)" rating to a "buy (a-)" rating in a research note on Tuesday, August 11th. 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 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 note on Thursday, July 23rd. Hovde Group increased their target price on shares of Bank First National from $160.00 to $165.00 and gave the stock an "outperform" rating in a report on Thursday, May 21st. Finally, Wall Street Zen raised shares of Bank First National from a "strong sell" rating to a "hold" rating in a research report on Saturday, May 16th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $163.00.

Bank First National Price Performance

BFC stock opened at $158.00 on Monday. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a market capitalization of $1.75 billion, a P/E ratio of 20.55 and a beta of 0.41. The business's 50-day moving average is $148.88 and its two-hundred day moving average is $143.56. Bank First National Corporation has a 1 year low of $119.08 and a 1 year high of $158.99.

Bank First National (NASDAQ:BFC - Get Free Report) last announced its quarterly earnings data on Tuesday, July 21st. The company reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.40 by $0.05. Bank First National had a return on equity of 12.48% and a net margin of 27.70%.The business had revenue of $65.03 million during the quarter, compared to analysts' expectations of $65.25 million. Analysts anticipate 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 declared 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. 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 1.5%. The ex-dividend date is Wednesday, September 23rd. Bank First National's payout ratio is presently 28.61%.

Bank First National Company 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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