Bank First National (NASDAQ:BFC) Director Sells $287,493.36 in Stock

Key Points

• Director insider sale: Sistine Peter Van sold 1,848 Bank First National shares for $287,493 at an average price of $155.57, reducing the director’s holdings by 19.48% to 7,640 shares.
• Financial performance and dividend: The company reported quarterly EPS of $2.45, beating estimates by $0.05, while revenue reached $65.03 million. Bank First National raised its quarterly dividend from $0.55 to $0.60 per share, equating to a 1.6% yield.
• Analyst outlook remains positive: Analysts maintain a consensus “Buy” rating with an average price target of $163, compared with the stock’s recent trading price of $154.30.

Bank First National Corporation (NASDAQ:BFC - Get Free Report) Director Sistine Peter Van sold 1,848 shares of the company's stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $155.57, for a total value of $287,493.36. Following the completion of the sale, the director owned 7,640 shares of the company's stock, valued at approximately $1,188,554.80. The trade was a 19.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Bank First National Stock Performance

Shares of BFC stock traded down $0.94 during trading hours on Friday, reaching $154.30. 33,737 shares of the company traded hands, compared to its average volume of 90,264. Bank First National Corporation has a 12-month low of $119.08 and a 12-month high of $159.10. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.93 and a quick ratio of 0.93. The company has a market cap of $1.71 billion, a P/E ratio of 20.06 and a beta of 0.41. The firm has a 50-day moving average price of $152.07 and a 200 day moving average price of $144.73.

Bank First National (NASDAQ:BFC - Get Free Report) last released its earnings results on Tuesday, July 21st. The company reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.40 by $0.05. Bank First National had a net margin of 27.70% and a return on equity of 12.48%. The company had revenue of $65.03 million during the quarter, compared to analyst estimates of $65.25 million. As a group, sell-side analysts predict that Bank First National Corporation will post 9.91 earnings per share for the current fiscal year.

Bank First National Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Wednesday, September 23rd will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is 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 28.61%.

Institutional Investors Weigh In On Bank First National

A number of hedge funds have recently made changes to their positions in the company. Ancora Advisors LLC bought a new stake in Bank First National in the 2nd quarter worth approximately $26,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Bank First National by 920.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 204 shares of the company's stock valued at $25,000 after purchasing an additional 184 shares in the last quarter. Royal Bank of Canada increased its position in Bank First National by 95.5% in the fourth quarter. Royal Bank of Canada now owns 305 shares of the company's stock worth $36,000 after purchasing an additional 149 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its stake in Bank First National by 406.8% during the fourth 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. Finally, Johnson Financial Group Inc. purchased a new stake in Bank First National during the second quarter valued at $99,000. 29.95% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BFC has been the topic of several research analyst reports. Zacks Research upgraded Bank First National from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 23rd. Piper Sandler increased their target price on Bank First National from $157.00 to $161.00 and gave the stock a "neutral" rating in a research report on Thursday, July 23rd. Hovde Group boosted their price target on Bank First National from $160.00 to $165.00 and gave the stock an "outperform" rating in a report on Thursday, May 21st. Weiss Ratings lowered shares of Bank First National from a "buy (a-)" rating to a "buy (b+)" rating in a report on Thursday, August 27th. Finally, Wall Street Zen upgraded shares of Bank First National from a "strong sell" rating to a "hold" rating in a research report on Saturday, May 16th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $163.00.

About Bank First National

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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