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

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 given 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 is Wednesday, March 26th.

Bank First has increased 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. 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 Trading Down 0.7 %

NASDAQ:BFC traded down $0.71 during midday trading on Wednesday, reaching $99.37. 18,741 shares of the stock traded hands, compared to its average volume of 17,963. The stock has a market capitalization of $994.69 million, a P/E ratio of 12.21 and a beta of 0.35. Bank First has a 12 month low of $74.90 and a 12 month high of $110.49. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.00 and a current ratio of 1.00. The company has a fifty day moving average of $102.18 and a 200 day moving average of $94.64.

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

Wall Street Analyst Weigh In

Separately, Piper Sandler lifted their price objective on Bank First from $99.00 to $104.00 and gave the company a “neutral” rating in a research report 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.