Bank First Co. (BFC) to Issue Quarterly Dividend of $0.30 on October 4th

Bank First Co. (NASDAQ:BFC) declared a quarterly dividend on Tuesday, July 18th, Zacks reports. Shareholders of record on Wednesday, September 20th will be paid a dividend of 0.30 per share on Wednesday, October 4th. This represents a $1.20 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date is Tuesday, September 19th.

Bank First has raised its dividend by an average of 5.5% annually over the last three years and has raised its dividend annually for the last 4 consecutive years. Bank First has a dividend payout ratio of 21.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Bank First to earn $5.57 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 21.5%.

Bank First Stock Up 0.3 %

Shares of NASDAQ:BFC opened at $78.87 on Friday. The company has a market capitalization of $819.46 million, a PE ratio of 15.31 and a beta of 0.33. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.98 and a quick ratio of 0.98. The business has a fifty day moving average price of $82.45 and a two-hundred day moving average price of $77.89. Bank First has a 1 year low of $65.00 and a 1 year high of $99.83.

Bank First (NASDAQ:BFC) last posted its quarterly earnings results on Tuesday, July 18th. The company reported $1.41 earnings per share for the quarter, hitting the consensus estimate of $1.41. The company had revenue of $49.99 million during the quarter, compared to the consensus estimate of $39.90 million. Bank First had a return on equity of 11.31% and a net margin of 27.97%. Analysts forecast that Bank First will post 5.74 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Moneta Group Investment Advisors LLC boosted its stake in Bank First by 85,912.7% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 6,016,591 shares of the company’s stock worth $558,460,000 after purchasing an additional 6,009,596 shares during the period. BlackRock Inc. boosted its stake in Bank First by 18.7% in the 2nd quarter. BlackRock Inc. now owns 644,043 shares of the company’s stock worth $53,584,000 after purchasing an additional 101,415 shares during the period. Vanguard Group Inc. boosted its stake in Bank First by 28.8% in the 3rd quarter. Vanguard Group Inc. now owns 408,408 shares of the company’s stock worth $31,235,000 after purchasing an additional 91,207 shares during the period. Geode Capital Management LLC boosted its stake in Bank First by 24.9% in the 2nd quarter. Geode Capital Management LLC now owns 178,201 shares of the company’s stock worth $14,826,000 after purchasing an additional 35,502 shares during the period. Finally, State Street Corp boosted its stake in Bank First by 17.1% in the 1st quarter. State Street Corp now owns 169,466 shares of the company’s stock worth $12,505,000 after purchasing an additional 24,808 shares during the period. Institutional investors own 27.35% of the company’s stock.

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. The company offers checking, savings, money market, cash management, retirement, and health savings accounts; other time deposits; certificates of deposit; and residential mortgage products.