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. Investors 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 annualized dividend and a yield of 1.81%. The ex-dividend date is Wednesday, March 26th.

Bank First has increased its dividend 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. Equities 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 Performance

Shares of NASDAQ BFC opened at $99.37 on Thursday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market cap of $994.69 million, a price-to-earnings ratio of 15.29 and a beta of 0.35. The stock’s fifty day moving average price is $102.10 and its two-hundred day moving average price is $94.67. Bank First has a one year low of $74.90 and a one year high of $110.49.

Bank First (NASDAQ:BFC) last released its quarterly earnings results on Tuesday, January 21st. The company reported $1.74 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $0.19. Bank First had a net margin of 29.00% and a return on equity of 10.53%. On average, equities analysts forecast that Bank First will post 6.7 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler boosted their price target on Bank First from $99.00 to $104.00 and gave the company 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.