Merit Financial Group LLC Acquires 14,717 Shares of Bank First National Corporation $BFC

Key Points

• Merit Financial Group LLC has increased its holdings in Bank First National Corporation by 9.0%, acquiring an additional 14,717 shares, bringing their total ownership to approximately 177,977 shares worth $20.94 million.
• Bank First National announced a quarterly dividend of $0.45 per share, resulting in a yield of 1.4%, with an ex-dividend date set for September 24th.
• Analysts have differing views on Bank First National's stock, with recent reports giving it a consensus rating of "Moderate Buy" and a target price of $133.50.

Merit Financial Group LLC increased its holdings in Bank First National Corporation (NASDAQ:BFC - Free Report) by 9.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 177,977 shares of the company's stock after purchasing an additional 14,717 shares during the period. Merit Financial Group LLC owned approximately 1.79% of Bank First National worth $20,939,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC boosted its holdings in Bank First National by 2.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,531 shares of the company's stock worth $449,000 after purchasing an additional 123 shares in the last quarter. N.E.W. Advisory Services LLC boosted its holdings in Bank First National by 3.0% during the first quarter. N.E.W. Advisory Services LLC now owns 5,628 shares of the company's stock valued at $567,000 after acquiring an additional 162 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in 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. CWM LLC boosted its holdings in Bank First National by 176.3% during the first quarter. CWM LLC now owns 572 shares of the company's stock valued at $58,000 after acquiring an additional 365 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Bank First National by 15.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,187 shares of the company's stock valued at $1,307,000 after acquiring an additional 1,754 shares during the period. 29.95% of the stock is currently owned by institutional investors.

Insider Transactions at Bank First National

In other Bank First National news, Director Michael S. Stayer-Suprick purchased 410 shares of the company's stock in a transaction that occurred on Tuesday, August 19th. The stock was purchased at an average price of $122.67 per share, with a total value of $50,294.70. Following the completion of the transaction, the director directly owned 3,965 shares of the company's stock, valued at approximately $486,386.55. This trade represents a 11.53% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.42% of the stock is owned by company insiders.

Bank First National Stock Up 3.2%

Shares of BFC opened at $128.34 on Friday. The company has a 50-day simple moving average of $124.56 and a 200-day simple moving average of $116.93. The firm has a market capitalization of $1.26 billion, a P/E ratio of 18.52 and a beta of 0.39. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.99 and a current ratio of 0.99. Bank First National Corporation has a 52 week low of $86.11 and a 52 week high of $132.59.

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

Bank First National Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms have issued reports on BFC. Weiss Ratings restated a "buy (b)" rating on shares of Bank First National in a report on Saturday, September 27th. Piper Sandler upped their price target on shares of Bank First National from $115.00 to $137.00 and gave the company a "neutral" rating in a report on Monday, July 21st. Finally, Wall Street Zen cut shares of Bank First National from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $133.50.

Bank First National Profile

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.

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