Bank First Co. (NASDAQ:BFC – Get Free Report) announced a quarterly dividend on Tuesday, July 16th, Zacks reports. Investors of record on Wednesday, September 25th will be given a dividend of 0.40 per share on Wednesday, October 9th. This represents a $1.60 annualized dividend and a yield of 1.77%. The ex-dividend date of this dividend is Wednesday, September 25th. This is a boost from Bank First’s previous quarterly dividend of $0.35.
Bank First has raised its dividend payment by an average of 12.4% per year over the last three years. Bank First has a payout ratio of 23.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Bank First to earn $6.00 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 23.3%.
Bank First Trading Up 0.5 %
BFC stock opened at $90.62 on Thursday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.02. Bank First has a 12-month low of $70.00 and a 12-month high of $93.00. The stock has a market cap of $913.45 million, a price-to-earnings ratio of 11.77 and a beta of 0.32. The business’s 50-day moving average is $81.93 and its 200 day moving average is $82.78.
Wall Street Analysts Forecast Growth
Separately, Piper Sandler boosted their target price on Bank First from $84.00 to $99.00 and gave the stock a “neutral” rating in a report on Thursday.
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.
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