Bank First National Corporation (NASDAQ:BFC) to Issue Dividend Increase – $0.55 Per Share

Bank First National Corporation (NASDAQ:BFC) declared a quarterly dividend on Thursday, April 16th. Investors of record on Wednesday, June 24th will be paid a dividend of 0.55 per share on Wednesday, July 8th. This represents a c) annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend 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 payment by an average of 0.5%per year over the last three years and has raised its dividend every year for the last 10 years. Bank First National has a payout ratio of 26.4% indicating that 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 Performance

Shares of Bank First National stock opened at $142.69 on Friday. The business’s fifty day simple moving average is $139.22 and its 200 day simple moving average is $132.28. The firm has a market capitalization of $1.60 billion, a P/E ratio of 19.74 and a beta of 0.40. Bank First National has a 12 month low of $105.24 and a 12 month high of $152.99. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.02.

Bank First National (NASDAQ:BFC) last issued its quarterly earnings results on Tuesday, April 21st. The company reported $2.24 EPS for the quarter, missing analysts’ consensus estimates of $2.35 by ($0.11). Bank First National had a return on equity of 11.61% and a net margin of 29.31%.The business had revenue of $71.53 million for the quarter, compared to the consensus estimate of $65.70 million. During the same quarter last year, the business posted $1.82 earnings per share. As a group, analysts anticipate that Bank First National will post 6.9 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on BFC shares. Piper Sandler raised their target price on Bank First National from $142.00 to $150.00 and gave the stock a “neutral” rating in a research report on Monday, January 26th. Wall Street Zen downgraded Bank First National from a “hold” rating to a “sell” rating in a research report on Saturday, February 14th. Zacks Research downgraded Bank First National from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 26th. Scotiabank raised Bank First National to a “sector outperform” rating in a research report on Monday, January 26th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Bank First National in a research report on Wednesday, January 21st. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on 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.