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

Bank First Co. (NASDAQ:BFC) declared a quarterly dividend on Thursday, April 17th, Wall Street Journal reports. Shareholders 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 yield of 1.69%. The ex-dividend date of this dividend is Wednesday, June 25th.

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 24.3% meaning 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 Stock Up 0.0 %

Bank First stock opened at $106.30 on Friday. Bank First has a 1-year low of $74.95 and a 1-year high of $110.49. The business has a fifty day moving average price of $101.73 and a 200-day moving average price of $100.11. 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 has a market capitalization of $1.06 billion, a price-to-earnings ratio of 16.35 and a beta of 0.31.

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

Insider Buying and Selling

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

Analysts Set New Price Targets

Separately, Piper Sandler boosted their target price on shares of Bank First from $110.00 to $111.00 and gave the stock a “neutral” rating in a research 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.