Prairie Advisory LLC Buys 37,300 Shares of Bank First National Corporation $BFC

Key Points

• Prairie Advisory LLC doubled its Bank First National stake in the third quarter, purchasing 37,300 additional shares to own 74,440 shares, or 0.67% of the company valued at approximately $11.1 million.
• Bank First National shares fell 0.7% to $146.60, while the company reported quarterly EPS of $2.45, exceeding estimates of $2.40. Institutional investors own 29.95% of the stock.
• The bank increased its quarterly dividend from $0.55 to $0.60 per share, implying an annualized dividend of $2.40 and a 1.6% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $163.

Prairie Advisory LLC boosted its stake in Bank First National Corporation (NASDAQ:BFC - Free Report) by 100.4% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 74,440 shares of the company's stock after buying an additional 37,300 shares during the period. Bank First National makes up 1.3% of Prairie Advisory LLC's portfolio, making the stock its 18th largest holding. Prairie Advisory LLC owned 0.67% of Bank First National worth $11,077,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of BFC. Versant Capital Management Inc grew its position in Bank First National by 53.8% in the third quarter. Versant Capital Management Inc now owns 200 shares of the company's stock valued at $30,000 after acquiring an additional 70 shares during the last quarter. Arizona State Retirement System lifted its holdings in shares of Bank First National by 5.2% in the second quarter. Arizona State Retirement System now owns 2,705 shares of the company's stock worth $401,000 after acquiring an additional 133 shares during the last quarter. Ancora Advisors LLC bought a new position in shares of Bank First National in the second quarter worth about $26,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Bank First National by 1.0% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 19,240 shares of the company's stock worth $2,854,000 after acquiring an additional 193 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its stake in shares of Bank First National by 406.8% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 370 shares of the company's stock valued at $45,000 after purchasing an additional 297 shares in the last quarter. 29.95% of the stock is owned by institutional investors.

Bank First National Trading Down 0.7%

Bank First National stock traded down $1.10 during trading hours on Monday, hitting $146.60. The stock had a trading volume of 11,684 shares, compared to its average volume of 86,639. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.03. The stock has a market cap of $1.63 billion, a price-to-earnings ratio of 19.06 and a beta of 0.42. Bank First National Corporation has a one year low of $119.08 and a one year high of $159.10. The business's 50 day simple moving average is $152.03 and its 200-day simple moving average is $147.35.

Bank First National (NASDAQ:BFC - Get Free Report) last released its quarterly earnings results on Tuesday, July 21st. The company reported $2.45 earnings per share for the quarter, topping 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 company had revenue of $65.03 million for the quarter, compared to analysts' expectations of $65.25 million. On average, equities analysts predict that Bank First National Corporation will post 9.94 EPS for the current fiscal year.

Bank First National Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 23rd were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Wednesday, September 23rd. This is a positive change from Bank First National's previous quarterly dividend of $0.55. Bank First National's payout ratio is presently 31.21%.

Insiders Place Their Bets

In other Bank First National news, Director Sistine Peter J. Van sold 1,848 shares of the company's stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $155.57, for a total value of $287,493.36. Following the completion of the transaction, the director directly owned 7,640 shares in the company, valued at approximately $1,188,554.80. This represents a 19.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.97% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on BFC shares. Weiss Ratings raised shares of Bank First National from a "buy (b+)" rating to a "buy (a-)" rating in a report on Friday. Piper Sandler increased their price objective on shares of Bank First National from $157.00 to $161.00 and gave the company a "neutral" rating in a research note on Thursday, July 23rd. Finally, Zacks Research downgraded shares of Bank First National from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 14th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $163.00.

About Bank First National

Bank First Corporation is a Wisconsin-based bank holding company that operates through its subsidiary, Bank First. Headquartered in Manitowoc, Wisconsin, the institution provides banking services to individuals, families, businesses and municipal customers throughout eastern Wisconsin.

Bank First offers deposit accounts, consumer and business loans, mortgage lending, cash-management and treasury services, online and mobile banking, credit and debit cards, and other personal and commercial banking products.

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