JPMorgan Chase & Co. Purchases 12,306 Shares of Bank First National Corporation $BFC

JPMorgan Chase & Co. lifted its position in Bank First National Corporation (NASDAQ:BFC) by 87.0% during the 3rd quarter, HoldingsChannel reports. The firm owned 26,452 shares of the company’s stock after buying an additional 12,306 shares during the period. JPMorgan Chase & Co.’s holdings in Bank First National were worth $3,209,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in BFC. State of Alaska Department of Revenue bought a new stake in Bank First National during the third quarter valued at $48,000. Russell Investments Group Ltd. bought a new position in Bank First National in the 3rd quarter worth about $94,000. BNP Paribas Financial Markets raised its holdings in shares of Bank First National by 22.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 816 shares of the company’s stock valued at $96,000 after acquiring an additional 150 shares in the last quarter. USA Financial Formulas purchased a new stake in shares of Bank First National in the 3rd quarter valued at about $103,000. Finally, CWM LLC boosted its position in shares of Bank First National by 34.7% during the 3rd quarter. CWM LLC now owns 901 shares of the company’s stock valued at $109,000 after acquiring an additional 232 shares during the last quarter. Hedge funds and other institutional investors own 29.95% of the company’s stock.

Insider Activity at Bank First National

In related news, Director Steven M. Eldred sold 8,000 shares of Bank First National stock in a transaction on Friday, February 6th. The shares were sold at an average price of $145.02, for a total value of $1,160,160.00. Following the transaction, the director owned 133,680 shares in the company, valued at $19,386,273.60. This trade represents a 5.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Wall Street Zen cut shares of Bank First National from a “hold” rating to a “sell” rating in a research report on Saturday, February 14th. Scotiabank upgraded shares of Bank First National to a “sector outperform” rating in a research report on Monday, January 26th. Weiss Ratings reissued a “buy (b)” rating on shares of Bank First National in a research note on Wednesday, January 21st. Zacks Research cut shares of Bank First National from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 26th. Finally, Piper Sandler lifted their price objective on shares of Bank First National from $142.00 to $150.00 and gave the stock a “neutral” rating in a report on Monday, January 26th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $150.00.

Bank First National Stock Performance

NASDAQ:BFC opened at $136.99 on Friday. The business has a 50 day moving average of $139.30 and a 200 day moving average of $131.33. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 18.95 and a beta of 0.40. Bank First National Corporation has a 1-year low of $93.00 and a 1-year high of $152.99. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.00 and a quick ratio of 1.00.

Bank First National (NASDAQ:BFC) last issued its earnings results on Thursday, January 22nd. The company reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.25. The business had revenue of $49.68 million during the quarter, compared to analyst estimates of $43.75 million. Bank First National had a return on equity of 11.61% and a net margin of 29.31%. On average, sell-side analysts predict that Bank First National Corporation will post 6.9 earnings per share for the current fiscal year.

Bank First National Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 25th will be paid a $0.50 dividend. This is a positive change from Bank First National’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Wednesday, March 25th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.5%. Bank First National’s dividend payout ratio is currently 27.66%.

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.