Bank First National Corporation $BFC Shares Sold by Northern Trust Corp

Key Points

• Northern Trust Corp reduced its stake in Bank First National Corporation by 4.0%, now holding 91,829 shares valued at approximately $9.25 million.
• Bank First National announced a quarterly dividend of $0.45 per share, payable on October 8, with a dividend yield of 1.4%.
• After its latest earnings report, Bank First National's stock rating was adjusted, with Piper Sandler raising the price target to $137.00 while another firm downgraded it to a "sell" rating.

Northern Trust Corp lowered its stake in shares of Bank First National Corporation (NASDAQ:BFC - Free Report) by 4.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 91,829 shares of the company's stock after selling 3,810 shares during the quarter. Northern Trust Corp owned about 0.92% of Bank First National worth $9,251,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. American Century Companies Inc. grew its holdings in shares of Bank First National by 30.2% during the first quarter. American Century Companies Inc. now owns 82,425 shares of the company's stock worth $8,303,000 after buying an additional 19,131 shares during the last quarter. HighTower Advisors LLC purchased a new position in shares of Bank First National during the first quarter worth about $567,000. Nuveen LLC purchased a new position in shares of Bank First National during the first quarter worth about $2,607,000. Vanguard Group Inc. grew its holdings in shares of Bank First National by 12.3% during the first quarter. Vanguard Group Inc. now owns 581,909 shares of the company's stock worth $58,622,000 after buying an additional 63,568 shares during the last quarter. Finally, XTX Topco Ltd purchased a new position in shares of Bank First National during the first quarter worth about $219,000. Hedge funds and other institutional investors own 29.95% of the company's stock.

Bank First National Price Performance

Shares of NASDAQ:BFC traded up $2.64 during trading on Monday, hitting $130.60. 45,227 shares of the stock were exchanged, compared to its average volume of 90,814. The company has a fifty day moving average price of $124.04 and a two-hundred day moving average price of $113.93. The company has a market cap of $1.28 billion, a PE ratio of 18.85 and a beta of 0.43. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.02. Bank First National Corporation has a 12-month low of $85.81 and a 12-month high of $132.59.

Bank First National (NASDAQ:BFC - Get Free Report) last announced its quarterly earnings results on Friday, July 18th. The company reported $1.71 EPS for the quarter, missing the consensus estimate of $1.80 by ($0.09). The firm had revenue of $41.60 million for the quarter, compared to analysts' expectations of $43.85 million. Bank First National had a return on equity of 10.92% and a net margin of 29.04%. On average, analysts forecast that Bank First National Corporation will post 6.9 EPS for the current year.

Bank First National Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 8th. Stockholders of record on Wednesday, September 24th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Wednesday, September 24th. This represents a $1.80 annualized dividend and a dividend yield of 1.4%. Bank First National's payout ratio is 25.97%.

Insider Activity at Bank First National

In other news, Director Michael S. Stayer-Suprick purchased 410 shares of the firm's stock in a transaction dated Tuesday, August 19th. The shares were acquired at an average price of $122.67 per share, with a total value of $50,294.70. Following the purchase, the director directly owned 3,965 shares of the company's stock, valued at $486,386.55. The trade was a 11.53% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 4.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Piper Sandler raised their price target on Bank First National from $115.00 to $137.00 and gave the stock a "neutral" rating in a report on Monday, July 21st. Wall Street Zen lowered Bank First National from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Bank First National has an average rating of "Moderate Buy" and a consensus target price of $133.50.

Bank First National Profile

Bank First Corporation operates as a holding company for Bank First, N.A. that provides consumer and commercial financial services to businesses, professionals, consumers, associations, individuals, and governmental authorities in Wisconsin. It offers checking, savings, money market, cash management, retirement, and health savings accounts; other time deposits; certificates of deposit; and residential mortgage products.