Bank First National Corporation (NASDAQ:BFC - Get Free Report) announced a quarterly dividend on Friday, July 18th, RTT News reports. Investors 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 yield of 1.42%.
Bank First National has a payout ratio of 23.7% meaning its dividend is sufficiently covered by earnings. Equities 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 Up 0.5%
NASDAQ:BFC traded up $0.65 during trading hours on Friday, reaching $126.43. The company's stock had a trading volume of 53,057 shares, compared to its average volume of 42,039. The company has a market cap of $1.25 billion, a price-to-earnings ratio of 18.52 and a beta of 0.39. Bank First National has a one year low of $82.50 and a one year high of $127.56. The business's 50-day moving average is $116.82 and its 200-day moving average is $107.54. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.00 and a quick ratio of 1.00.
Bank First National (NASDAQ:BFC - Get Free Report) last posted its quarterly earnings results on Tuesday, April 15th. The company reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.20. The firm had revenue of $43.10 million during the quarter, compared to analyst estimates of $41.80 million. Bank First National had a net margin of 29.22% and a return on equity of 10.73%. Equities research analysts predict that Bank First National will post 6.9 EPS for the current year.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the company. Jane Street Group LLC raised its holdings in shares of Bank First National by 194.8% in the 1st quarter. Jane Street Group LLC now owns 10,962 shares of the company's stock worth $1,104,000 after purchasing an additional 7,244 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in 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 purchasing an additional 7,656 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in 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 worth $580,000 after purchasing an additional 250 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in Bank First National by 102.9% during the first quarter. AQR Capital Management LLC now owns 17,100 shares of the company's stock valued at $1,723,000 after buying an additional 8,672 shares during the period. 29.95% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of equities analysts recently weighed in on the stock. Hovde Group raised 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 target price on shares of Bank First National from $110.00 to $111.00 and gave the company a "neutral" rating in a research note on Thursday, April 17th.
View Our Latest Stock Analysis on Bank First National
Bank First National Company Profile
(
Get Free Report)
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.
Further Reading
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