Brokerages expect BancFirst Co. (NASDAQ:BANF) to report earnings of $1.03 per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for BancFirst’s earnings. The highest EPS estimate is $1.04 and the lowest is $1.03. BancFirst posted earnings of $0.98 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 5.1%. The firm is scheduled to report its next earnings results on Thursday, January 16th.
According to Zacks, analysts expect that BancFirst will report full-year earnings of $4.02 per share for the current year. For the next fiscal year, analysts forecast that the company will post earnings of $3.95 per share, with EPS estimates ranging from $3.84 to $4.07. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that cover BancFirst.
BancFirst (NASDAQ:BANF) last posted its quarterly earnings data on Thursday, October 17th. The bank reported $1.00 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.01 by ($0.01). BancFirst had a return on equity of 14.27% and a net margin of 28.48%. The firm had revenue of $107.91 million during the quarter, compared to analysts’ expectations of $104.77 million.
BANF has been the topic of several research reports. Sandler O’Neill assumed coverage on shares of BancFirst in a research report on Wednesday, August 14th. They set a “hold” rating on the stock. BidaskClub cut shares of BancFirst from a “hold” rating to a “sell” rating in a research report on Tuesday, November 19th. ValuEngine downgraded shares of BancFirst from a “sell” rating to a “strong sell” rating in a research note on Friday, November 1st. Finally, Zacks Investment Research raised shares of BancFirst from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a report on Friday, September 6th.
BancFirst stock traded down $0.10 during trading hours on Monday, hitting $59.80. The company had a trading volume of 30,184 shares, compared to its average volume of 49,086. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market cap of $1.95 billion, a P/E ratio of 15.65 and a beta of 0.86. The company has a 50-day moving average price of $58.95 and a two-hundred day moving average price of $56.33. BancFirst has a 1 year low of $48.07 and a 1 year high of $60.25.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend is Monday, December 30th. BancFirst’s payout ratio is currently 33.51%.
In related news, SVP Kelly Foster sold 2,500 shares of BancFirst stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $60.00, for a total value of $150,000.00. Following the completion of the sale, the senior vice president now directly owns 2,500 shares in the company, valued at approximately $150,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Darryl Schmidt sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $55.05, for a total transaction of $220,200.00. Following the sale, the executive vice president now directly owns 11,000 shares in the company, valued at approximately $605,550. The disclosure for this sale can be found here. In the last quarter, insiders have sold 49,000 shares of company stock valued at $2,892,570. Company insiders own 38.27% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the business. Allianz Asset Management GmbH acquired a new position in BancFirst during the second quarter valued at $5,572,000. Nuveen Asset Management LLC acquired a new position in shares of BancFirst in the 2nd quarter valued at about $4,670,000. BlackRock Inc. lifted its holdings in shares of BancFirst by 5.3% in the 2nd quarter. BlackRock Inc. now owns 1,368,722 shares of the bank’s stock valued at $76,182,000 after buying an additional 69,030 shares during the period. Vanguard Group Inc. boosted its stake in shares of BancFirst by 3.5% in the second quarter. Vanguard Group Inc. now owns 1,916,877 shares of the bank’s stock worth $106,693,000 after buying an additional 65,569 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its stake in shares of BancFirst by 13.5% in the second quarter. Janus Henderson Group PLC now owns 501,864 shares of the bank’s stock worth $27,934,000 after buying an additional 59,513 shares during the last quarter. 35.13% of the stock is owned by institutional investors.
BancFirst Corporation operates as the bank holding company for BancFirst that provides a range of commercial banking services to retail customers, and small to medium-sized businesses. It operates through Metropolitan Banks, Community Banks, and Other Financial Services segments. The company offers checking accounts, negotiable order of withdrawal accounts, savings accounts, money market accounts, sweep accounts, club accounts, individual retirement accounts, and certificates of deposit, as well as overdraft protection and auto draft services.
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