Legal & General Group Plc Takes Position in Bank First National Corporation $BFC

Legal & General Group Plc bought a new position in Bank First National Corporation (NASDAQ:BFC - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,860 shares of the company's stock, valued at approximately $1,166,000. Legal & General Group Plc owned approximately 0.07% of Bank First National at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of BFC. AQR Capital Management LLC grew its position in Bank First National by 102.9% in the first quarter. AQR Capital Management LLC now owns 17,100 shares of the company's stock valued at $1,723,000 after acquiring an additional 8,672 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Bank First National by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,756 shares of the company's stock valued at $580,000 after acquiring an additional 250 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Bank First National by 58.1% in 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 valued at $2,100,000 after purchasing an additional 7,656 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of Bank First National by 194.8% in the 1st quarter. Jane Street Group LLC now owns 10,962 shares of the company's stock valued at $1,104,000 after purchasing an additional 7,244 shares in the last quarter. Finally, First Trust Advisors LP grew its holdings in shares of Bank First National by 5.1% in the 2nd quarter. First Trust Advisors LP now owns 6,363 shares of the company's stock worth $749,000 after purchasing an additional 309 shares during the last quarter. Institutional investors own 29.95% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on BFC. Weiss Ratings cut shares of Bank First National from a "buy (a-)" rating to a "buy (b+)" rating in a research report on Thursday, August 27th. Piper Sandler boosted their price target on shares of Bank First National from $157.00 to $161.00 and gave the company a "neutral" rating in a research report on Thursday, July 23rd. Wall Street Zen raised shares of Bank First National from a "strong sell" rating to a "hold" rating in a research note on Saturday, May 16th. Zacks Research raised shares of Bank First National from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 23rd. Finally, Hovde Group lifted their target price on shares of Bank First National from $160.00 to $165.00 and gave the company an "outperform" rating in a research note on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $163.00.

Bank First National Price Performance

Shares of NASDAQ BFC opened at $156.23 on Tuesday. The firm's 50-day simple moving average is $151.86 and its 200 day simple moving average is $144.49. The company has a market cap of $1.73 billion, a price-to-earnings ratio of 20.32 and a beta of 0.41. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.03. Bank First National Corporation has a 12-month low of $119.08 and a 12-month high of $159.10.

Bank First National (NASDAQ:BFC - Get Free Report) last announced its earnings results on Tuesday, July 21st. The company reported $2.45 earnings per share for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $65.25 million. On average, research analysts expect that Bank First National Corporation will post 9.91 earnings per share for the current fiscal year.

Bank First National Increases Dividend

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

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.

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