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

Bank First Co. (NASDAQ:BFC) declared a quarterly dividend on Thursday, April 17th, Wall Street Journal reports. Stockholders of record on Wednesday, June 25th will be given a dividend of 0.45 per share on Wednesday, July 9th. This represents a $1.80 annualized dividend and a dividend yield of 1.69%. The ex-dividend date is Wednesday, June 25th.

Bank First has raised its dividend by an average of 22.2% per year over the last three years. Bank First has a payout ratio of 24.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Bank First to earn $7.35 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 24.5%.

Bank First Trading Up 0.0 %

NASDAQ BFC opened at $106.30 on Friday. The firm has a market cap of $1.06 billion, a P/E ratio of 16.35 and a beta of 0.31. Bank First has a one year low of $75.11 and a one year high of $110.49. 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 stock’s 50-day moving average is $101.78 and its 200-day moving average is $100.24.

Bank First (NASDAQ:BFC) last announced its earnings results on Tuesday, April 15th. The company reported $1.82 EPS for the quarter, topping the consensus estimate of $1.62 by $0.20. Bank First had a net margin of 29.00% and a return on equity of 10.53%. The business had revenue of $43.10 million during the quarter, compared to analysts’ expectations of $41.80 million. Sell-side analysts anticipate that Bank First will post 6.9 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Piper Sandler increased their price objective on Bank First from $110.00 to $111.00 and gave the stock a “neutral” rating in a research report on Thursday.

Insider Activity

In other Bank First news, Director Daniel C. Mcconeghy bought 380 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The stock was bought at an average cost of $105.72 per share, with a total value of $40,173.60. Following the completion of the transaction, the director now directly owns 2,000 shares in the company, valued at approximately $211,440. The trade was a 23.46 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Michael S. Stayer-Suprick acquired 1,000 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were purchased at an average cost of $102.07 per share, for a total transaction of $102,070.00. Following the completion of the acquisition, the director now directly owns 3,035 shares in the company, valued at approximately $309,782.45. The trade was a 49.14 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 4.10% of the company’s stock.

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.