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

Bank First Co. (NASDAQ:BFC) announced a quarterly dividend on Wednesday, January 22nd,Wall Street Journal reports. Shareholders 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 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 dividend payout ratio of 25.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Bank First to earn $7.15 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 25.2%.

Bank First Stock Down 0.7 %

Shares of BFC opened at $99.37 on Thursday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.00 and a current ratio of 1.00. Bank First has a 52 week low of $74.90 and a 52 week high of $110.49. The stock has a market capitalization of $994.69 million, a price-to-earnings ratio of 15.29 and a beta of 0.35. The stock has a fifty day moving average of $102.10 and a 200-day moving average of $94.67.

Bank First (NASDAQ:BFC) last released its quarterly earnings data 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 10.53% and a net margin of 29.00%. As a group, sell-side analysts anticipate that Bank First will post 6.7 earnings per share for the current fiscal year.

Analyst Ratings Changes

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 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.