Bank First Co. (BFC) to Issue Quarterly Dividend of $0.35 on July 10th

Bank First Co. (NASDAQ:BFC) declared a quarterly dividend on Tuesday, April 16th, Zacks reports. Investors of record on Wednesday, June 26th will be paid a dividend of 0.35 per share on Wednesday, July 10th. This represents a $1.40 annualized dividend and a yield of 1.79%. The ex-dividend date is Wednesday, June 26th.

Bank First has increased its dividend payment by an average of 12.4% annually over the last three years. Bank First has a dividend payout ratio of 23.3% meaning 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 Price Performance

Shares of NASDAQ:BFC opened at $78.18 on Monday. The company has a 50 day moving average of $80.56 and a 200 day moving average of $83.44. The stock has a market cap of $788.05 million, a P/E ratio of 10.15 and a beta of 0.33. Bank First has a 12 month low of $70.00 and a 12 month high of $92.50. 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 (NASDAQ:BFC) last announced its earnings results on Tuesday, April 16th. The company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.02. Bank First had a net margin of 32.08% and a return on equity of 10.08%. The business had revenue of $37.75 million during the quarter, compared to analyst estimates of $40.00 million. As a group, sell-side analysts forecast that Bank First will post 5.86 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Piper Sandler dropped their target price on shares of Bank First from $90.00 to $87.00 and set a “neutral” rating for the company in a research report on Thursday, April 18th. Hovde Group lowered shares of Bank First from an “outperform” rating to a “market perform” rating in a research report on Monday, March 4th.

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.