Nicolet Advisory Services LLC Reduces Stock Position in Bank First National Corporation $BFC

Nicolet Advisory Services LLC lessened its stake in shares of Bank First National Corporation (NASDAQ:BFC) by 9.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,765 shares of the company’s stock after selling 4,460 shares during the quarter. Nicolet Advisory Services LLC owned approximately 0.41% of Bank First National worth $5,020,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. increased its position in Bank First National by 920.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 204 shares of the company’s stock worth $25,000 after purchasing an additional 184 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in Bank First National during the 3rd quarter worth about $94,000. BNP Paribas Financial Markets increased 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 in the last quarter. Kestra Advisory Services LLC purchased a new stake in Bank First National in the 4th quarter valued at about $98,000. Finally, Tower Research Capital LLC TRC grew its holdings in Bank First National by 118.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,129 shares of the company’s stock valued at $133,000 after buying an additional 612 shares during the period. Hedge funds and other institutional investors own 29.95% of the company’s stock.

Insider Activity at Bank First National

In related news, Director Todd A. Sprang purchased 450 shares of Bank First National stock in a transaction that occurred on Wednesday, April 22nd. The shares were purchased at an average cost of $138.96 per share, with a total value 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 position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Michael S. Stayer-Suprick bought 225 shares of the business’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 completion of the transaction, the director owned 4,597 shares in the company, valued at $643,763.88. This represents a 5.15% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 4.97% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on BFC shares. Wall Street Zen upgraded Bank First National from a “strong sell” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings cut Bank First National from a “buy (a-)” rating to a “buy (b+)” rating in a report on Thursday, June 4th. Piper Sandler lifted their price target on Bank First National from $150.00 to $157.00 and gave the company a “neutral” rating in a report on Monday, April 20th. Zacks Research cut Bank First National from a “hold” rating to a “strong sell” rating in a report on Thursday, April 30th. Finally, Hovde Group lifted their price target on Bank First National from $160.00 to $165.00 and gave the company an “outperform” rating in a report on Thursday, May 21st. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $161.00.

Bank First National Stock Performance

NASDAQ BFC opened at $145.16 on Friday. The firm has a market capitalization of $1.62 billion, a P/E ratio of 20.19 and a beta of 0.42. Bank First National Corporation has a 1-year low of $109.11 and a 1-year high of $152.99. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.94 and a quick ratio of 0.94. The business’s 50-day simple moving average is $142.17 and its 200-day simple moving average is $136.94.

Bank First National (NASDAQ:BFC) last released its quarterly earnings results on Thursday, April 16th. The company reported $2.24 EPS for the quarter, missing the consensus estimate of $2.40 by ($0.16). The company had revenue of $63.75 million for the quarter, compared to analyst estimates 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 period last year, the firm posted $1.82 earnings per share. Equities analysts predict that Bank First National Corporation will post 9.5 EPS for the current year.

Bank First National Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 8th. Investors of record on Wednesday, June 24th will be given a dividend of $0.55 per share. This is a boost from Bank First National’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Wednesday, June 24th. This represents a $2.20 annualized dividend and a yield of 1.5%. Bank First National’s dividend payout ratio is presently 27.82%.

Bank First National 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.