Northern Trust Corp Sells 3,810 Shares of Bank First National Corporation $BFC

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 cut its stake in Bank First National Corporation (NASDAQ:BFC - Free Report) by 4.0% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 91,829 shares of the company's stock after selling 3,810 shares during the period. Northern Trust Corp owned about 0.92% of Bank First National worth $9,251,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BFC. Raymond James Financial Inc. purchased a new position in Bank First National in the fourth quarter worth $287,000. Dimensional Fund Advisors LP grew its position in Bank First National by 57.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 30,247 shares of the company's stock worth $2,997,000 after acquiring an additional 11,096 shares in the last quarter. Hsbc Holdings PLC purchased a new position in Bank First National in the fourth quarter worth $230,000. Price T Rowe Associates Inc. MD boosted its position in Bank First National by 19.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,824 shares of the company's stock valued at $379,000 after buying an additional 611 shares during the period. Finally, Bank of America Corp DE boosted its position in Bank First National by 37.9% during the fourth quarter. Bank of America Corp DE now owns 10,326 shares of the company's stock valued at $1,023,000 after buying an additional 2,837 shares during the period. 29.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Bank First National

In related news, Director Michael S. Stayer-Suprick purchased 410 shares of the firm's stock in a transaction that occurred on Tuesday, August 19th. The stock was bought at an average cost of $122.67 per share, with a total value of $50,294.70. Following the completion of the purchase, the director directly owned 3,965 shares in the company, valued at approximately $486,386.55. This represents a 11.53% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.42% of the stock is currently owned by insiders.

Analysts Set New Price Targets

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

Bank First National Trading Down 0.1%

Shares of NASDAQ:BFC traded down $0.11 during midday trading on Thursday, hitting $128.25. 108,990 shares of the stock traded hands, compared to its average volume of 86,396. The stock has a market capitalization of $1.26 billion, a PE ratio of 18.51 and a beta of 0.43. The business's 50 day moving average is $124.40 and its two-hundred day moving average is $114.31. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.02. Bank First National Corporation has a one year low of $85.93 and a one year high of $132.59.

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

Bank First National Announces Dividend

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

Bank First National Company 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.