Bank First Co. (BFC) to Issue Quarterly Dividend of $0.45 on January 6th

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 given a dividend of 0.45 per share on Monday, January 6th. This represents a $1.80 annualized dividend 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 by an average of 12.4% per year over the last three years. Bank First has a payout ratio of 26.9% indicating that 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 Stock Up 1.1 %

BFC opened at $101.55 on Friday. The stock’s fifty day simple moving average is $100.87 and its 200 day simple moving average is $91.60. Bank First has a 1-year low of $74.90 and a 1-year high of $110.49. The stock has a market cap of $1.02 billion, a PE ratio of 12.48 and a beta of 0.34. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.02.

Bank First (NASDAQ:BFC) last announced its quarterly earnings results on Tuesday, October 15th. The company reported $1.65 EPS for the quarter, beating analysts’ consensus estimates of $1.54 by $0.11. The business had revenue of $58.93 million for the quarter, compared to analyst estimates of $39.60 million. Bank First had a net margin of 32.02% and a return on equity of 10.10%. As a group, research analysts expect that Bank First will post 6.35 earnings per share for the current year.

Analyst Upgrades and Downgrades

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