Bank First National Corporation (NASDAQ:BFC) Announces Dividend Increase – $0.65 Per Share

Bank First National Corporation (NASDAQ:BFC) declared a quarterly dividend on Tuesday, October 20th. Shareholders of record on Wednesday, December 23rd will be paid a dividend of $0.65 per share on Wednesday, January 6th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Wednesday, December 23rd. This is a 8.3% increase from Bank First National’s previous quarterly dividend of $0.60.

Bank First National has increased its dividend by an average of 0.5% annually over the last three years and has increased its dividend every year for the last 10 years. Bank First National has a payout ratio of 31.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Bank First National to earn $10.70 per share next year, which means the company should continue to be able to cover its $2.40 annual dividend with an expected future payout ratio of 22.4%.

Bank First National Stock Performance

Shares of NASDAQ:BFC traded down $8.40 on Wednesday, reaching $139.94. 54,991 shares of the company’s stock were exchanged, compared to its average volume of 86,437. Bank First National has a twelve month low of $119.08 and a twelve month high of $159.10. The company has a fifty day moving average of $151.72 and a 200-day moving average of $147.51. The company has a market capitalization of $1.55 billion, a price-to-earnings ratio of 18.21 and a beta of 0.42. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.03.

Bank First National (NASDAQ:BFC) last released its quarterly earnings results on Tuesday, October 20th. The company reported $2.35 earnings per share for the quarter, missing analysts’ consensus estimates of $2.60 by ($0.25). Bank First National had a net margin of 27.70% and a return on equity of 12.48%. The business had revenue of $75.44 million during the quarter, compared to analyst estimates of $65.80 million. On average, research analysts predict that Bank First National will post 9.94 EPS for the current fiscal year.

Insider Transactions at Bank First National

In other Bank First National news, Director Sistine Peter J. Van sold 1,848 shares of the firm’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $155.57, for a total value of $287,493.36. Following the transaction, the director directly owned 7,640 shares of the company’s stock, valued at $1,188,554.80. This trade represents a 19.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.97% of the stock is owned by insiders.

Institutional Trading of Bank First National

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Versant Capital Management Inc increased its stake in Bank First National by 53.8% during the 3rd quarter. Versant Capital Management Inc now owns 200 shares of the company’s stock valued at $30,000 after purchasing an additional 70 shares in the last quarter. Arizona State Retirement System lifted its position in shares of Bank First National by 5.2% during the 2nd quarter. Arizona State Retirement System now owns 2,705 shares of the company’s stock worth $401,000 after buying an additional 133 shares in the last quarter. Ancora Advisors LLC bought a new stake in Bank First National during the second quarter worth $26,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Bank First National by 1.0% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 19,240 shares of the company’s stock worth $2,854,000 after purchasing an additional 193 shares during the period. Finally, Caitong International Asset Management Co. Ltd boosted its stake in Bank First National by 406.8% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 370 shares of the company’s stock valued at $45,000 after acquiring an additional 297 shares during the last quarter. Institutional investors own 29.95% of the company’s stock.

About Bank First National

Bank First National, operating as Bank First Corporation (NASDAQ:BFC), is the holding company for Bank First, a community bank headquartered in Manitowoc, Wisconsin. The bank provides banking services to individuals, families, businesses and municipalities through locations across Wisconsin.

Its products and services include checking and savings accounts, certificates of deposit, consumer loans, residential mortgages, commercial real estate and business lending, agricultural loans, treasury management and online and mobile banking.