Bank First National Corporation (NASDAQ:BFC) to Issue Quarterly Dividend of $0.45

Bank First National Corporation (NASDAQ:BFC - Get Free Report) declared a quarterly dividend on Friday, July 18th, RTT News reports. Stockholders of record on Wednesday, September 24th will be paid a dividend of 0.45 per share on Wednesday, October 8th. This represents a $1.80 annualized dividend and a dividend yield of 1.40%.

Bank First National has a dividend payout ratio of 23.7% indicating that its dividend is sufficiently covered by earnings. Equities 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 $1.80 annual dividend with an expected future payout ratio of 24.5%.

Bank First National Stock Performance

BFC traded up $2.37 on Monday, hitting $128.54. The company had a trading volume of 36,898 shares, compared to its average volume of 42,446. Bank First National has a 1-year low of $82.50 and a 1-year high of $128.98. The company's fifty day moving average price is $117.10 and its 200 day moving average price is $107.86. 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 cap of $1.28 billion, a price-to-earnings ratio of 18.55 and a beta of 0.39.

Bank First National (NASDAQ:BFC - Get Free Report) last posted its earnings results on Friday, July 18th. The company reported $1.71 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.80 by ($0.09). Bank First National had a net margin of 29.04% and a return on equity of 10.81%. The firm had revenue of $41.60 million during the quarter, compared to analyst estimates of $43.85 million. Equities analysts predict that Bank First National will post 6.9 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on BFC. Hovde Group upgraded shares of Bank First National from a "market perform" rating to an "outperform" rating and set a $130.00 target price for the company in a research note on Tuesday, May 6th. Piper Sandler raised their price target on Bank First National from $115.00 to $137.00 and gave the company a "neutral" rating in a report on Monday.

Institutional Investors Weigh In On Bank First National

Large investors have recently made changes to their positions in the stock. Jane Street Group LLC grew its holdings in shares of Bank First National by 194.8% during the first quarter. Jane Street Group LLC now owns 10,962 shares of the company's stock worth $1,104,000 after buying an additional 7,244 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Bank First National by 58.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 20,843 shares of the company's stock worth $2,100,000 after buying an additional 7,656 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Bank First National by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,756 shares of the company's stock valued at $580,000 after purchasing an additional 250 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in Bank First National by 102.9% in the first quarter. AQR Capital Management LLC now owns 17,100 shares of the company's stock valued at $1,723,000 after purchasing an additional 8,672 shares in the last quarter. Institutional investors own 29.95% of the company's stock.

About Bank First National

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.