American Century Companies Inc. Has $8.30 Million Stock Holdings in Bank First National Corporation $BFC

Key Points

• American Century Companies Inc. increased its holdings in Bank First National Corporation by 30.2%, acquiring an additional 19,131 shares, bringing its total holdings to 82,425 shares valued at approximately $8.3 million.
• Institutional investors own 29.95% of Bank First National's stock, with significant purchases made by firms like CWM LLC and GAMMA Investing LLC in the first quarter.
• Wall Street analysts have given mixed ratings for Bank First National, with the average target price set at $133.50, while the stock recently traded at $130.16.

American Century Companies Inc. increased its position in shares of Bank First National Corporation (NASDAQ:BFC - Free Report) by 30.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 82,425 shares of the company's stock after purchasing an additional 19,131 shares during the period. American Century Companies Inc. owned approximately 0.82% of Bank First National worth $8,303,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Lazard Asset Management LLC acquired a new stake in Bank First National during the 4th quarter worth approximately $25,000. CWM LLC lifted its holdings in Bank First National by 176.3% during the 1st quarter. CWM LLC now owns 572 shares of the company's stock worth $58,000 after purchasing an additional 365 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Bank First National by 17,300.0% during the 1st quarter. GAMMA Investing LLC now owns 1,914 shares of the company's stock worth $193,000 after purchasing an additional 1,903 shares during the last quarter. XTX Topco Ltd acquired a new stake in Bank First National during the 1st quarter worth approximately $219,000. Finally, Allianz Asset Management GmbH acquired a new stake in Bank First National during the 1st quarter worth approximately $222,000. 29.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have commented on BFC shares. Piper Sandler raised their price objective on Bank First National from $115.00 to $137.00 and gave the stock a "neutral" rating in a research note on Monday, July 21st. Hovde Group upgraded Bank First National from a "market perform" rating to an "outperform" rating and set a $130.00 price objective on the stock in a research note on Tuesday, May 6th. Finally, Wall Street Zen lowered Bank First National from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, Bank First National presently has a consensus rating of "Moderate Buy" and an average target price of $133.50.

Bank First National Price Performance

Shares of NASDAQ BFC traded down $1.17 during mid-day trading on Tuesday, hitting $128.75. 47,724 shares of the stock traded hands, compared to its average volume of 90,692. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.99 and a quick ratio of 0.99. Bank First National Corporation has a twelve month low of $85.81 and a twelve month high of $132.59. The company has a market cap of $1.27 billion, a PE ratio of 18.58 and a beta of 0.43. The firm has a 50 day simple moving average of $123.06 and a two-hundred day simple moving average of $113.12.

Bank First National (NASDAQ:BFC - Get Free Report) last released its quarterly earnings data on Friday, July 18th. The company reported $1.71 earnings per share for the quarter, missing the consensus estimate of $1.80 by ($0.09). Bank First National had a net margin of 29.04% and a return on equity of 10.92%. The firm had revenue of $41.60 million for the quarter, compared to analyst estimates of $43.85 million. As a group, equities research analysts forecast that Bank First National Corporation will post 6.9 EPS for the current fiscal year.

Bank First National Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 8th. Shareholders of record on Wednesday, September 24th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Wednesday, September 24th. This represents a $1.80 annualized dividend and a yield of 1.4%. Bank First National's payout ratio is presently 25.97%.

Insider Buying and Selling

In other Bank First National news, Director Michael S. Stayer-Suprick acquired 410 shares of the company's stock in a transaction dated Tuesday, August 19th. The shares were bought at an average cost of $122.67 per share, with a total value of $50,294.70. Following the purchase, the director directly owned 3,965 shares of the company's stock, valued at $486,386.55. This trade represents a 11.53% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 4.10% of the company's stock.

About Bank First National

Bank First Corporation operates as a holding company for Bank First, N.A. that provides consumer and commercial financial services to businesses, professionals, consumers, associations, individuals, and governmental authorities in Wisconsin. It offers checking, savings, money market, cash management, retirement, and health savings accounts; other time deposits; certificates of deposit; and residential mortgage products.