Nuveen LLC Purchases New Holdings in Bank First National Corporation $BFC

Key Points

• Nuveen LLC has acquired 25,877 shares of Bank First National Corporation, valued at approximately $2.6 million, increasing its ownership to about 0.26% of the company.
• Analysts have a mixed rating on Bank First National, with one upgrade to "outperform" from Hovde Group and a downgrade to "sell" from Wall Street Zen.
• The company recently announced a quarterly dividend of $0.45 per share, reflecting an annualized dividend yield of 1.4%.

Nuveen LLC purchased a new stake in Bank First National Corporation (NASDAQ:BFC - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 25,877 shares of the company's stock, valued at approximately $2,607,000. Nuveen LLC owned approximately 0.26% of Bank First National at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BFC. Vanguard Group Inc. increased its stake in Bank First National by 12.3% in the first quarter. Vanguard Group Inc. now owns 581,909 shares of the company's stock valued at $58,622,000 after purchasing an additional 63,568 shares in the last quarter. Dimensional Fund Advisors LP increased its stake 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 valued at $2,997,000 after purchasing an additional 11,096 shares in the last quarter. Northern Trust Corp increased its stake in Bank First National by 5.6% in the fourth quarter. Northern Trust Corp now owns 95,639 shares of the company's stock valued at $9,477,000 after purchasing an additional 5,098 shares in the last quarter. Heck Capital Advisors LLC bought a new stake in Bank First National in the fourth quarter valued at $349,000. Finally, Deutsche Bank AG increased its stake in Bank First National by 59.4% in the fourth quarter. Deutsche Bank AG now owns 9,137 shares of the company's stock valued at $905,000 after purchasing an additional 3,405 shares in the last quarter. 29.95% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Michael S. Stayer-Suprick bought 410 shares of the firm's stock in a transaction that occurred on 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 acquisition, the director owned 3,965 shares of the company's stock, valued at approximately $486,386.55. The trade was a 11.53% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 4.10% of the company's stock.

Analysts Set New Price Targets

BFC has been the subject of several research analyst reports. Hovde Group raised shares of Bank First National from a "market perform" rating to an "outperform" rating and set a $130.00 price target for the company in a research note on Tuesday, May 6th. Wall Street Zen downgraded shares of Bank First National from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. Finally, Piper Sandler boosted their target price on shares of Bank First National from $115.00 to $137.00 and gave the stock a "neutral" rating in a research report on Monday, July 21st. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $133.50.

Bank First National Stock Down 0.2%

Bank First National stock traded down $0.25 during midday trading on Friday, hitting $129.92. 41,609 shares of the stock were exchanged, compared to its average volume of 96,615. Bank First National Corporation has a 52-week low of $85.81 and a 52-week high of $132.59. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 18.77 and a beta of 0.43. The business's 50-day moving average price is $122.48 and its 200-day moving average price is $112.74. 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 (NASDAQ:BFC - Get Free Report) last released its quarterly earnings results on Friday, July 18th. The company reported $1.71 earnings per share 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, research analysts expect that Bank First National Corporation will post 6.9 EPS for the current fiscal year.

Bank First National Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 8th. Investors of record on Wednesday, September 24th will be issued a dividend of $0.45 per share. 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 25.97%.

About Bank First National

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.