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

Bank First National Corporation (NASDAQ:BFC) announced a quarterly dividend on Tuesday, October 21st. Investors of record on Wednesday, December 24th will be given a dividend of 0.45 per share on Wednesday, January 7th. This represents a c) dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Wednesday, December 24th.

Bank First National has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 10 years. Bank First National has a dividend payout ratio of 23.7% 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 $1.80 annual dividend with an expected future payout ratio of 24.5%.

Bank First National Price Performance

Shares of BFC stock opened at $132.47 on Monday. The stock has a 50 day moving average price of $127.29 and a 200 day moving average price of $124.39. Bank First National has a 52-week low of $92.49 and a 52-week high of $139.71. 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 firm has a market capitalization of $1.30 billion, a P/E ratio of 18.63 and a beta of 0.40.

Bank First National (NASDAQ:BFC) last issued its earnings results on Friday, November 7th. The company reported $1.91 earnings per share (EPS) for the quarter. The firm had revenue of $44.21 million during the quarter. Bank First National had a net margin of 29.34% and a return on equity of 11.28%. As a group, sell-side analysts predict that Bank First National will post 6.9 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Hovde Group lifted their price target on shares of Bank First National from $145.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. Weiss Ratings restated a “buy (b)” rating on shares of Bank First National in a report on Wednesday, October 8th. Finally, Piper Sandler upped their target price on Bank First National from $137.00 to $142.00 and gave the stock a “neutral” rating in a report on Thursday, October 23rd. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $146.00.

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.