SG Americas Securities LLC Has $279,000 Stock Holdings in Bank First National Corporation $BFC

SG Americas Securities LLC trimmed its holdings in shares of Bank First National Corporation (NASDAQ:BFC) by 67.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,066 shares of the company’s stock after selling 4,292 shares during the quarter. SG Americas Securities LLC’s holdings in Bank First National were worth $279,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BFC. Northwestern Mutual Wealth Management Co. raised its stake in shares of Bank First National by 920.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 204 shares of the company’s stock valued at $25,000 after acquiring an additional 184 shares during the last quarter. Royal Bank of Canada grew its stake in shares of 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 increased its holdings in Bank First National by 406.8% in 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 during the period. Russell Investments Group Ltd. acquired a new stake in Bank First National in the third quarter valued at $94,000. Finally, BNP Paribas Financial Markets raised its position in Bank First National by 22.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 816 shares of the company’s stock worth $96,000 after purchasing an additional 150 shares during the last quarter. 29.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

BFC has been the topic of a number of recent analyst reports. Piper Sandler lifted their price objective on Bank First National from $150.00 to $157.00 and gave the stock a “neutral” rating in a research note on Monday, April 20th. Wall Street Zen raised shares of Bank First National from a “strong sell” rating to a “hold” rating in a research report on Saturday, May 16th. Zacks Research upgraded shares of Bank First National from a “strong sell” rating to a “hold” rating in a report on Thursday, June 18th. Hovde Group boosted their price target on shares of Bank First National from $160.00 to $165.00 and gave the stock an “outperform” rating in a research 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 note on Thursday, June 4th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $161.00.

Insider Activity

In other Bank First National news, Director Michael S. Stayer-Suprick purchased 225 shares of the company’s stock in a transaction on Tuesday, April 21st. The stock was acquired at an average cost of $140.04 per share, for a total transaction of $31,509.00. Following the purchase, the director directly owned 4,597 shares of the company’s stock, valued at $643,763.88. This trade represents a 5.15% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Todd A. Sprang acquired 450 shares of Bank First National stock in a transaction dated Wednesday, April 22nd. The shares were bought at an average price of $138.96 per share, for a total transaction of $62,532.00. Following the transaction, the director owned 2,015 shares of the company’s stock, valued at approximately $280,004.40. The trade was a 28.75% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 4.97% of the stock is owned by insiders.

Bank First National Stock Up 0.5%

Shares of NASDAQ:BFC opened at $147.35 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.94 and a quick ratio of 0.94. Bank First National Corporation has a 1 year low of $115.29 and a 1 year high of $154.29. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of 20.49 and a beta of 0.41. The business’s 50-day moving average is $144.19 and its 200-day moving average is $139.21.

Bank First National (NASDAQ:BFC) last posted its quarterly earnings results on Thursday, April 16th. The company reported $2.24 earnings per share for the quarter, missing analysts’ consensus estimates of $2.40 by ($0.16). The firm had revenue of $63.75 million during the quarter, compared to the consensus estimate of $65.70 million. Bank First National had a return on equity of 11.89% and a net margin of 27.49%.During the same quarter in the previous year, the company earned $1.82 earnings per share. Equities research analysts predict that Bank First National Corporation will post 9.5 earnings per share for the current year.

Bank First National Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 8th. Stockholders of record on Wednesday, June 24th were given a $0.55 dividend. The ex-dividend date was Wednesday, June 24th. This is a positive change from Bank First National’s previous quarterly dividend of $0.50. This represents a $2.20 annualized dividend and a dividend yield of 1.5%. Bank First National’s dividend payout ratio (DPR) is presently 30.60%.

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.