Teacher Retirement System of Texas Sells 6,176 Shares of Bank First National Corporation (NASDAQ:BFC)

Teacher Retirement System of Texas decreased its position in Bank First National Corporation (NASDAQ:BFC - Free Report) by 71.0% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 2,525 shares of the company's stock after selling 6,176 shares during the period. Teacher Retirement System of Texas' holdings in Bank First National were worth $254,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Lazard Asset Management LLC acquired a new position in Bank First National during the fourth quarter valued at approximately $25,000. Sterling Capital Management LLC grew its stake in shares of Bank First National by 771.4% in the fourth quarter. Sterling Capital Management LLC now owns 305 shares of the company's stock worth $30,000 after acquiring an additional 270 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Bank First National in the 4th quarter worth $189,000. GAMMA Investing LLC grew its position in Bank First National by 17,300.0% in the 1st quarter. GAMMA Investing LLC now owns 1,914 shares of the company's stock worth $193,000 after purchasing an additional 1,903 shares during the last quarter. Finally, Hanlon Investment Management Inc. acquired a new stake in Bank First National in the 4th quarter worth $218,000. 29.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BFC has been the topic of a number of recent research reports. Piper Sandler lifted their price target on shares of Bank First National from $115.00 to $137.00 and gave the stock a "neutral" rating in a research note on Monday. Hovde Group upgraded shares of Bank First National from a "market perform" rating to an "outperform" rating and set a $130.00 price target on the stock in a research report on Tuesday, May 6th.

Bank First National Stock Performance

NASDAQ BFC traded up $2.88 on Wednesday, hitting $132.29. 153,592 shares of the stock were exchanged, compared to its average volume of 43,494. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.00 and a quick ratio of 1.00. The business's fifty day moving average is $117.62 and its 200 day moving average is $108.21. Bank First National Corporation has a 52 week low of $82.50 and a 52 week high of $132.59. The company has a market capitalization of $1.31 billion, a PE ratio of 19.09 and a beta of 0.39.

Bank First National (NASDAQ:BFC - Get Free Report) last posted its quarterly earnings results on Friday, July 18th. The company reported $1.71 EPS for the quarter, missing analysts' consensus estimates of $1.80 by ($0.09). The company had revenue of $41.60 million during the quarter, compared to analyst estimates of $43.85 million. Bank First National had a net margin of 29.04% and a return on equity of 10.81%. Research analysts anticipate that Bank First National Corporation will post 6.9 EPS for the current fiscal year.

Bank First National Announces Dividend

The business 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 $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend is Wednesday, September 24th. Bank First National's payout ratio is presently 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.