Bank First National Corporation (NASDAQ:BFC) Declares Quarterly Dividend of $0.50

Bank First National Corporation (NASDAQ:BFC) declared a quarterly dividend on Thursday, January 22nd. Shareholders of record on Wednesday, March 25th will be given a dividend of 0.50 per share on Wednesday, April 8th. This represents a c) annualized dividend and a yield of 1.4%. The ex-dividend date is Wednesday, March 25th. This is a 11.1% increase from Bank First National’s previous quarterly dividend of $0.45.

Bank First National has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 10 consecutive years. Bank First National has a dividend payout ratio of 23.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Bank First National to earn $7.35 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 24.5%.

Bank First National Price Performance

Shares of NASDAQ:BFC traded up $3.24 on Friday, reaching $139.06. The company’s stock had a trading volume of 105,726 shares, compared to its average volume of 53,390. The company has a 50-day simple moving average of $127.51 and a 200 day simple moving average of $126.05. Bank First National has a 52-week low of $93.00 and a 52-week high of $142.12. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market cap of $1.37 billion, a P/E ratio of 19.56 and a beta of 0.42.

Bank First National (NASDAQ:BFC) last announced its quarterly earnings results on Thursday, January 22nd. The company reported $2.00 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.25. The firm had revenue of $49.68 million during the quarter, compared to the consensus estimate of $43.75 million. Bank First National had a net margin of 29.34% and a return on equity of 11.28%. As a group, equities research analysts anticipate that Bank First National will post 6.9 EPS for the current fiscal year.

Institutional Trading of Bank First National

Large investors have recently made changes to their positions in the stock. CWM LLC grew its holdings in shares of Bank First National by 17.0% in the second quarter. CWM LLC now owns 669 shares of the company’s stock worth $79,000 after purchasing an additional 97 shares during the last quarter. Police & Firemen s Retirement System of New Jersey boosted its position in Bank First National by 6.5% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 2,098 shares of the company’s stock valued at $247,000 after buying an additional 128 shares during the period. BNP Paribas Financial Markets grew its stake in Bank First National by 22.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 816 shares of the company’s stock worth $96,000 after acquiring an additional 150 shares in the last quarter. Ellsworth Advisors LLC increased its position in shares of Bank First National by 2.5% during the fourth quarter. Ellsworth Advisors LLC now owns 7,199 shares of the company’s stock worth $934,000 after acquiring an additional 174 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Bank First National by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,756 shares of the company’s stock valued at $580,000 after acquiring an additional 250 shares in the last quarter. 29.95% of the stock is owned by hedge funds and other institutional investors.

About Bank First National

Bank First National Corporation (NASDAQ: BFC) is the bank holding company for Bank First National, a community bank headquartered in Princeton, Wisconsin. The company offers a comprehensive suite of financial services designed to meet the needs of individuals, families, small businesses and agricultural clients. Through its branch network and digital channels, Bank First National provides deposit accounts, consumer and commercial lending, mortgage financing and treasury management solutions.

The bank’s core deposit products include checking and savings accounts, money market funds and certificates of deposit, complemented by online and mobile banking platforms that enable customers to manage their finances remotely.