Bank First Co. (NASDAQ:BFC) Announces $0.45 Quarterly Dividend

Bank First Co. (NASDAQ:BFC) announced a quarterly dividend on Wednesday, January 22nd,Wall Street Journal reports. Stockholders of record on Wednesday, March 26th will be paid a dividend of 0.45 per share on Wednesday, April 9th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date of this dividend is Wednesday, March 26th.

Bank First has raised its dividend payment by an average of 22.2% annually over the last three years. Bank First has a payout ratio of 25.1% indicating that its dividend is sufficiently covered by earnings. Equities 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 BFC stock traded down $0.71 on Wednesday, hitting $99.37. 18,741 shares of the stock traded hands, compared to its average volume of 17,963. The firm has a 50 day simple moving average of $102.18 and a two-hundred day simple moving average of $94.64. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.00 and a quick ratio of 1.00. Bank First has a 52 week low of $74.90 and a 52 week high of $110.49. The firm has a market cap of $994.69 million, a price-to-earnings ratio of 12.21 and a beta of 0.35.

Bank First (NASDAQ:BFC) last released its earnings results on Tuesday, January 21st. The company reported $1.74 EPS for the quarter, topping the consensus estimate of $1.55 by $0.19. Bank First had a net margin of 32.02% and a return on equity of 10.10%. As a group, equities research analysts predict that Bank First will post 6.35 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

About Bank First

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.