Quantinno Capital Management LP Boosts Holdings in Bank First National Corporation $BFC

Key Points

• Quantinno Capital Management increased its Bank First National stake by 182% in the first quarter to 15,451 shares, while institutional investors collectively own 29.95% of BFC.
• Analyst sentiment is broadly positive: BFC carries a consensus “Buy” rating and a $163 price target, with recent upgrades and higher targets from several firms.
• Bank First National beat quarterly EPS estimates ($2.45 versus $2.40) and raised its quarterly dividend to $0.60, equivalent to a $2.40 annual payout and a 1.6% yield.

Quantinno Capital Management LP boosted its stake in Bank First National Corporation (NASDAQ:BFC - Free Report) by 182.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,451 shares of the company's stock after acquiring an additional 9,971 shares during the period. Quantinno Capital Management LP owned 0.14% of Bank First National worth $2,087,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. AQR Capital Management LLC increased its stake in shares of Bank First National by 102.9% during the 1st quarter. AQR Capital Management LLC now owns 17,100 shares of the company's stock worth $1,723,000 after purchasing an additional 8,672 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Bank First National by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,756 shares of the company's stock valued at $580,000 after purchasing an additional 250 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Bank First National by 58.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 20,843 shares of the company's stock valued at $2,100,000 after purchasing an additional 7,656 shares during the period. Jane Street Group LLC grew its holdings in Bank First National by 194.8% during the first quarter. Jane Street Group LLC now owns 10,962 shares of the company's stock valued at $1,104,000 after purchasing an additional 7,244 shares during the period. Finally, First Trust Advisors LP increased its position in Bank First National by 5.1% in the second quarter. First Trust Advisors LP now owns 6,363 shares of the company's stock worth $749,000 after buying an additional 309 shares during the last quarter. 29.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on BFC. Zacks Research upgraded Bank First National from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 23rd. Wall Street Zen raised Bank First National from a "strong sell" rating to a "hold" rating in a report on Saturday, May 16th. Piper Sandler boosted their price objective on Bank First National from $157.00 to $161.00 and gave the company a "neutral" rating in a research note on Thursday, July 23rd. Hovde Group upped their price objective on shares of Bank First National from $160.00 to $165.00 and gave the company an "outperform" rating in a report on Thursday, May 21st. Finally, Weiss Ratings lowered shares of Bank First National from a "buy (a-)" rating to a "buy (b+)" rating in a research report on Thursday, June 4th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $163.00.

Bank First National Stock Down 0.3%

BFC stock opened at $152.92 on Tuesday. The stock has a 50-day simple moving average of $147.40 and a two-hundred day simple moving average of $142.98. Bank First National Corporation has a twelve month low of $115.76 and a twelve month high of $157.45. The firm has a market capitalization of $1.69 billion, a PE ratio of 19.89 and a beta of 0.41. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.03.

Bank First National (NASDAQ:BFC - Get Free Report) last announced its quarterly earnings results on Tuesday, July 21st. The company reported $2.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.40 by $0.05. Bank First National had a net margin of 27.70% and a return on equity of 13.02%. The firm had revenue of $65.03 million for the quarter, compared to the consensus estimate of $65.25 million. On average, equities analysts predict that Bank First National Corporation will post 9.91 EPS for the current fiscal year.

Bank First National Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 23rd will be paid a $0.60 dividend. The ex-dividend date is Wednesday, September 23rd. This represents a $2.40 annualized dividend and a yield of 1.6%. This is a boost from Bank First National's previous quarterly dividend of $0.55. Bank First National's dividend payout ratio is currently 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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