Bank First Co. (NASDAQ:BFC – Get Free Report) announced a quarterly dividend on Tuesday, October 15th, Zacks reports. Stockholders of record on Monday, December 23rd will be given a dividend of 0.45 per share on Monday, January 6th. This represents a $1.80 annualized dividend and a dividend yield of 1.91%. The ex-dividend date is Monday, December 23rd. This is a boost from Bank First’s previous quarterly dividend of $0.40.
Bank First has raised its dividend by an average of 12.4% per year over the last three years. Bank First has a dividend payout ratio of 25.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Bank First to earn $6.19 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 Trading Up 3.1 %
NASDAQ:BFC opened at $94.07 on Thursday. Bank First has a 12 month low of $70.00 and a 12 month high of $96.00. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $948.32 million, a price-to-earnings ratio of 12.22 and a beta of 0.30. The firm has a fifty day simple moving average of $89.16 and a two-hundred day simple moving average of $84.98.
Analyst Ratings Changes
Separately, Piper Sandler upped their target price on Bank First from $99.00 to $104.00 and gave the stock a “neutral” rating in a research report on Thursday.
View Our Latest Research Report on BFC
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.
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