Bank First Co. (NASDAQ:BFC – Get Free Report) announced a quarterly dividend on Tuesday, October 15th, Zacks reports. Shareholders 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 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend is Monday, December 23rd. This is a boost from Bank First’s previous quarterly dividend of $0.40.
Bank First has increased its dividend payment 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. Equities 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. The company has a market cap of $948.32 million, a price-to-earnings ratio of 12.22 and a beta of 0.30. Bank First has a twelve month low of $70.00 and a twelve month high of $96.00. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.02. The business’s fifty day moving average is $89.16 and its 200 day moving average is $84.98.
Analysts Set New Price Targets
Separately, Piper Sandler lifted their price objective on Bank First from $99.00 to $104.00 and gave the stock a “neutral” rating in a research note on Thursday.
Check Out Our Latest Stock Analysis 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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