Bank First Co. (NASDAQ:BFC) to Issue Quarterly Dividend of $0.45

Bank First Co. (NASDAQ:BFC) announced a quarterly dividend on Tuesday, October 15th,Zacks Dividends reports. Shareholders of record on Monday, December 23rd will be paid a dividend of 0.45 per share on Monday, January 6th. This represents a $1.80 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date of this dividend is Monday, December 23rd. This is a positive change from Bank First’s previous quarterly dividend of $0.40.

Bank First has raised its dividend payment by an average of 12.4% annually over the last three years. Bank First has a dividend payout ratio of 26.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Bank First to earn $6.70 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 26.9%.

Bank First Price Performance

Shares of NASDAQ:BFC opened at $101.55 on Friday. The stock’s 50 day moving average is $100.87 and its 200-day moving average is $91.60. Bank First has a twelve month low of $74.90 and a twelve month high of $110.49. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of 12.48 and a beta of 0.34.

Bank First (NASDAQ:BFC) last released its quarterly earnings data on Tuesday, October 15th. The company reported $1.65 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.11. The firm had revenue of $58.93 million for the quarter, compared to the consensus estimate of $39.60 million. Bank First had a net margin of 32.02% and a return on equity of 10.10%. Sell-side analysts forecast that Bank First will post 6.35 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler raised their price target on shares of Bank First from $99.00 to $104.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th.

Bank First Company 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.