Osaic Holdings Inc. Buys 9,135 Shares of Bank First National Corporation $BFC

Osaic Holdings Inc. grew its stake in Bank First National Corporation (NASDAQ:BFC) by 177.1% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,292 shares of the company’s stock after purchasing an additional 9,135 shares during the quarter. Osaic Holdings Inc. owned approximately 0.15% of Bank First National worth $1,682,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Merit Financial Group LLC raised its position in Bank First National by 9.0% in the 2nd quarter. Merit Financial Group LLC now owns 177,977 shares of the company’s stock valued at $20,939,000 after buying an additional 14,717 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Bank First National by 2.0% in the 2nd quarter. American Century Companies Inc. now owns 84,044 shares of the company’s stock worth $9,888,000 after acquiring an additional 1,619 shares in the last quarter. Creative Planning raised its holdings in shares of Bank First National by 3.9% in the second quarter. Creative Planning now owns 57,162 shares of the company’s stock valued at $6,725,000 after purchasing an additional 2,167 shares during the last quarter. Wealthcare Advisory Partners LLC lifted its position in shares of Bank First National by 63.4% during the second quarter. Wealthcare Advisory Partners LLC now owns 37,974 shares of the company’s stock valued at $4,468,000 after purchasing an additional 14,734 shares in the last quarter. Finally, Jane Street Group LLC boosted its holdings in Bank First National by 212.7% during the second quarter. Jane Street Group LLC now owns 34,276 shares of the company’s stock worth $4,033,000 after purchasing an additional 23,314 shares during the last quarter. Hedge funds and other institutional investors own 29.95% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bank First National in a research report on Wednesday, October 8th. Piper Sandler upped their target price on Bank First National from $137.00 to $142.00 and gave the company a “neutral” rating in a report on Thursday, October 23rd. Finally, Hovde Group lifted their price target on Bank First National from $145.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, October 22nd. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $146.00.

Bank First National Stock Down 1.1%

BFC opened at $125.49 on Tuesday. Bank First National Corporation has a twelve month low of $92.49 and a twelve month high of $139.71. The company’s 50-day moving average price is $127.48 and its two-hundred day moving average price is $124.94. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 17.65 and a beta of 0.40. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.02.

Bank First National (NASDAQ:BFC) last issued its quarterly earnings results on Friday, November 7th. The company reported $1.91 earnings per share (EPS) for the quarter. Bank First National had a net margin of 29.34% and a return on equity of 11.28%. The company had revenue of $44.21 million during the quarter. As a group, equities analysts expect that Bank First National Corporation will post 6.9 earnings per share for the current year.

Bank First National Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Wednesday, December 24th will be paid a $0.45 dividend. The ex-dividend date is Wednesday, December 24th. This represents a $1.80 annualized dividend and a dividend yield of 1.4%. Bank First National’s payout ratio is presently 25.32%.

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.