Bank First Co. (NASDAQ:BFC) to Issue Quarterly Dividend of $0.35

Bank First Co. (NASDAQ:BFC - Get Free Report) declared a quarterly dividend on Tuesday, April 16th, Zacks reports. Shareholders of record on Wednesday, June 26th will be paid a dividend of 0.35 per share on Wednesday, July 10th. This represents a $1.40 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date is Wednesday, June 26th.

Bank First has increased its dividend by an average of 12.4% per year over the last three years and has increased its dividend every year for the last 4 years. Bank First has a dividend payout ratio of 23.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Bank First to earn $6.00 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 23.3%.

Bank First Trading Down 0.6 %

Shares of Bank First stock traded down $0.47 during trading on Thursday, hitting $75.81. 23,176 shares of the company were exchanged, compared to its average volume of 19,149. Bank First has a 1-year low of $65.00 and a 1-year high of $92.50. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market capitalization of $768.71 million, a P/E ratio of 9.85 and a beta of 0.27. The firm's fifty day moving average price is $83.22 and its 200 day moving average price is $83.37.

Bank First (NASDAQ:BFC - Get Free Report) last released its earnings results on Tuesday, January 16th. The company reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.03. Bank First had a return on equity of 10.16% and a net margin of 32.08%. The business had revenue of $75.37 million for the quarter. As a group, sell-side analysts expect that Bank First will post 5.9 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on BFC. Piper Sandler decreased their target price on Bank First from $90.00 to $87.00 and set a "neutral" rating on the stock in a research report on Thursday. Hovde Group cut shares of Bank First from an "outperform" rating to a "market perform" rating in a research report on Monday, March 4th.

Insider Buying and Selling at Bank First

In other news, Director Mary Kay Bourbulas bought 600 shares of the stock in a transaction dated Friday, March 15th. The stock was bought at an average price of $82.88 per share, for a total transaction of $49,728.00. Following the purchase, the director now directly owns 7,003 shares in the company, valued at approximately $580,408.64. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Bank First news, Director Phillip R. Maples purchased 650 shares of the company's stock in a transaction dated Tuesday, February 6th. The shares were acquired at an average price of $81.72 per share, for a total transaction of $53,118.00. Following the purchase, the director now directly owns 1,983 shares of the company's stock, valued at approximately $162,050.76. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Mary Kay Bourbulas acquired 600 shares of the stock in a transaction dated Friday, March 15th. The shares were bought at an average cost of $82.88 per share, for a total transaction of $49,728.00. Following the completion of the transaction, the director now owns 7,003 shares in the company, valued at $580,408.64. The disclosure for this purchase can be found here. Corporate insiders own 5.73% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Moneta Group Investment Advisors LLC lifted its holdings in shares of Bank First by 85,912.7% during the fourth 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. raised its position in shares of Bank First by 18.7% in the second quarter. BlackRock Inc. now owns 644,043 shares of the company's stock valued at $53,584,000 after buying an additional 101,415 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Bank First by 28.8% in the third quarter. Vanguard Group Inc. now owns 408,408 shares of the company's stock valued at $31,235,000 after purchasing an additional 91,207 shares during the last quarter. State Street Corp increased its position in Bank First by 11.9% during the second quarter. State Street Corp now owns 189,625 shares of the company's stock worth $15,828,000 after purchasing an additional 20,159 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Bank First by 24.9% during the 2nd quarter. Geode Capital Management LLC now owns 178,201 shares of the company's stock worth $14,826,000 after buying an additional 35,502 shares during the last quarter. 29.95% of the stock is currently owned by institutional investors.

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