Jupiter Topco LLC Takes Position in Bank First National Corporation $BFC

Jupiter Topco LLC bought a new position in Bank First National Corporation (NASDAQ:BFC) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 5,138 shares of the company’s stock, valued at approximately $764,000.

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

Bank First National Stock Performance

NASDAQ:BFC opened at $156.23 on Monday. The firm has a market capitalization of $1.73 billion, a PE ratio of 20.32 and a beta of 0.41. The stock’s fifty day moving average is $151.69 and its 200 day moving average is $144.42. Bank First National Corporation has a fifty-two week low of $119.08 and a fifty-two week high of $159.10. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.93 and a current ratio of 0.93.

Bank First National (NASDAQ:BFC) last posted its quarterly earnings data on Tuesday, July 21st. The company reported $2.45 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. On average, sell-side analysts anticipate that Bank First National Corporation will post 9.91 earnings per share for the current year.

Bank First National Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Wednesday, September 23rd will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Wednesday, September 23rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.5%. This is a boost from Bank First National’s previous quarterly dividend of $0.55. Bank First National’s dividend payout ratio is presently 28.61%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on BFC. Hovde Group raised their target price 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. 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. Piper Sandler lifted their price objective on shares of Bank First National from $157.00 to $161.00 and gave the stock a “neutral” rating in a research note on Thursday, July 23rd. Weiss Ratings downgraded shares of Bank First National from a “buy (a-)” rating to a “buy (b+)” rating in a report on Thursday, August 27th. Finally, Zacks Research upgraded shares of Bank First National from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Bank First National presently has an average rating of “Buy” and an average price target 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.