Bank First Co. (BFC) To Go Ex-Dividend on September 25th

Bank First Co. (NASDAQ:BFC) declared a quarterly dividend on Tuesday, July 16th, Zacks reports. Shareholders of record on Wednesday, September 25th will be paid a dividend of 0.40 per share on Wednesday, October 9th. This represents a $1.60 annualized dividend and a yield of 1.75%. 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% annually over the last three years. Bank First has a dividend payout ratio of 25.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Bank First to earn $6.20 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 25.8%.

Bank First Stock Performance

Shares of NASDAQ BFC opened at $91.28 on Monday. The company has a current ratio of 1.00, a quick ratio of 1.00 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 $96.00. The firm has a market capitalization of $920.19 million, a price-to-earnings ratio of 11.85 and a beta of 0.31. The firm has a 50 day moving average of $89.75 and a 200 day moving average of $84.31.

Bank First (NASDAQ:BFC) last posted its quarterly earnings data on Tuesday, July 16th. The company reported $1.56 EPS for the quarter, topping the consensus estimate of $1.43 by $0.13. The firm had revenue of $55.22 million during the quarter, compared to analyst estimates of $38.70 million. Bank First had a return on equity of 10.07% and a net margin of 32.18%. On average, research analysts anticipate that Bank First will post 6.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler lifted their price objective on Bank First from $84.00 to $99.00 and gave the company a “neutral” rating in a research report on Thursday, July 18th.

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.