Bank First National Corporation (NASDAQ:BFC) Announces Quarterly Dividend of $0.60

Bank First National Corporation (NASDAQ:BFC) announced a quarterly dividend on Tuesday, July 21st. Investors of record on Wednesday, September 23rd will be given a dividend of 0.60 per share on Wednesday, October 7th. This represents a c) annualized dividend and a yield of 1.7%. The ex-dividend date is Wednesday, September 23rd. This is a 9.1% increase from Bank First National’s previous quarterly dividend of $0.55.

Bank First National has raised its dividend 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 29.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Bank First National to earn $11.07 per share next year, which means the company should continue to be able to cover its $2.20 annual dividend with an expected future payout ratio of 19.9%.

Bank First National Price Performance

Bank First National stock traded down $1.54 during mid-day trading on Wednesday, reaching $144.06. The company had a trading volume of 80,288 shares, compared to its average volume of 93,664. The business has a fifty day simple moving average of $144.48 and a 200 day simple moving average of $140.31. The company has a market cap of $1.61 billion, a P/E ratio of 20.04 and a beta of 0.41. Bank First National has a fifty-two week low of $115.29 and a fifty-two week high of $154.29. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.03.

Bank First National (NASDAQ:BFC) last announced its quarterly earnings results on Tuesday, July 21st. The company reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.28 by $0.17. The firm had revenue of $75.04 million during the quarter, compared to analysts’ expectations of $64.40 million. Bank First National had a net margin of 27.49% and a return on equity of 11.89%. On average, equities research analysts predict that Bank First National will post 9.69 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. AQR Capital Management LLC increased its stake in Bank First National by 102.9% in the 1st quarter. AQR Capital Management LLC now owns 17,100 shares of the company’s stock worth $1,723,000 after purchasing an additional 8,672 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Bank First National by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,756 shares of the company’s stock valued at $580,000 after purchasing an additional 250 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Bank First National by 58.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 20,843 shares of the company’s stock valued at $2,100,000 after buying an additional 7,656 shares in the last quarter. Jane Street Group LLC boosted its stake in Bank First National by 194.8% during the first quarter. Jane Street Group LLC now owns 10,962 shares of the company’s stock worth $1,104,000 after acquiring an additional 7,244 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in shares of Bank First National by 5.1% in the 2nd quarter. First Trust Advisors LP now owns 6,363 shares of the company’s stock worth $749,000 after purchasing an additional 309 shares in the last quarter. 29.95% of the stock is owned by hedge funds and other institutional investors.

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.