Bank First National Corporation (BFC) To Go Ex-Dividend on June 24th

Bank First National Corporation (NASDAQ:BFC) announced a quarterly dividend on Thursday, April 16th. Shareholders of record on Wednesday, June 24th will be given a dividend of 0.55 per share on Wednesday, July 8th. This represents a c) annualized dividend and a yield of 1.6%. The ex-dividend date is Wednesday, June 24th. This is a 10.0% increase from Bank First National’s previous quarterly dividend of $0.50.

Bank First National has raised its dividend by an average of 0.5%annually over the last three years and has raised its dividend annually for the last 10 consecutive years. Bank First National has a payout ratio of 26.4% meaning its dividend is sufficiently covered by earnings. Research 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 $2.00 annual dividend with an expected future payout ratio of 27.2%.

Bank First National Stock Down 1.3%

BFC stock opened at $140.87 on Friday. Bank First National has a fifty-two week low of $105.24 and a fifty-two week high of $152.99. The business’s 50 day moving average price is $139.00 and its two-hundred day moving average price is $132.42. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of 19.59 and a beta of 0.40.

Bank First National (NASDAQ:BFC) last announced its earnings results on Thursday, April 16th. The company reported $2.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.40 by ($0.16). Bank First National had a return on equity of 12.79% and a net margin of 27.49%.The firm had revenue of $71.53 million during the quarter, compared to the consensus estimate of $65.70 million. During the same period in the prior year, the company posted $1.82 EPS. As a group, analysts forecast that Bank First National will post 6.9 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on BFC. Wall Street Zen downgraded Bank First National from a “hold” rating to a “sell” rating in a report on Saturday, February 14th. Weiss Ratings upgraded shares of Bank First National from a “buy (b+)” rating to a “buy (a-)” rating in a report on Thursday. Piper Sandler upped their target price on shares of Bank First National from $142.00 to $150.00 and gave the stock a “neutral” rating in a research report on Monday, January 26th. Zacks Research lowered shares of Bank First National from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. Finally, Scotiabank raised shares of Bank First National to a “sector outperform” rating in a research report on Monday, January 26th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $150.00.

Bank First National Company Profile

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.