Bank First Co. (NASDAQ:BFC – Get Free Report) declared a quarterly dividend on Tuesday, July 16th, Zacks reports. Shareholders of record on Wednesday, September 25th will be given 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 is Wednesday, September 25th. This is an increase 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. 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 Down 3.9 %
Shares of BFC opened at $91.28 on Monday. 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 $920.19 million, a price-to-earnings ratio of 11.85 and a beta of 0.31. Bank First has a 1 year low of $70.00 and a 1 year high of $96.00. The business’s 50 day simple moving average is $89.75 and its 200-day simple moving average is $84.31.
Analysts Set New Price Targets
Separately, Piper Sandler lifted their price target on Bank First from $84.00 to $99.00 and gave the stock a “neutral” rating in a research report on Thursday, July 18th.
Read Our Latest Research Report on Bank First
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.
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