Equities analysts expect BancFirst Co. (NASDAQ:BANF) to post earnings per share of $0.49 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for BancFirst’s earnings, with the highest EPS estimate coming in at $0.55 and the lowest estimate coming in at $0.38. BancFirst posted earnings of $1.02 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 52%. The firm is expected to report its next quarterly earnings results on Thursday, July 16th.
According to Zacks, analysts expect that BancFirst will report full year earnings of $3.17 per share for the current fiscal year, with EPS estimates ranging from $3.06 to $3.32. For the next year, analysts expect that the company will report earnings of $3.36 per share, with EPS estimates ranging from $3.12 to $3.72. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that follow BancFirst.
BancFirst (NASDAQ:BANF) last posted its quarterly earnings results on Tuesday, April 21st. The bank reported $0.68 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.82 by ($0.14). BancFirst had a return on equity of 12.91% and a net margin of 26.17%. The firm had revenue of $109.22 million for the quarter, compared to analysts’ expectations of $104.05 million.
A number of research firms have issued reports on BANF. BidaskClub raised BancFirst from a “strong sell” rating to a “sell” rating in a report on Wednesday, April 22nd. TheStreet lowered BancFirst from a “b-” rating to a “c” rating in a report on Wednesday, March 18th. Finally, Zacks Investment Research upgraded BancFirst from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. BancFirst presently has an average rating of “Hold” and an average price target of $54.50.
Shares of BANF stock traded down $0.65 during trading on Thursday, reaching $37.72. The company had a trading volume of 11,298 shares, compared to its average volume of 146,524. The company has a market capitalization of $1.25 billion, a PE ratio of 10.00 and a beta of 1.27. The firm’s 50 day simple moving average is $38.63 and its two-hundred day simple moving average is $45.95. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.01 and a quick ratio of 1.01. BancFirst has a one year low of $26.00 and a one year high of $63.96.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a dividend of $0.32 per share. The ex-dividend date is Monday, June 29th. This represents a $1.28 annualized dividend and a yield of 3.39%. BancFirst’s payout ratio is presently 31.07%.
In other BancFirst news, EVP Dennis L. Brand acquired 1,000 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were purchased at an average price of $30.00 per share, for a total transaction of $30,000.00. Following the completion of the purchase, the executive vice president now directly owns 26,000 shares of the company’s stock, valued at $780,000. The transaction was disclosed in a document filed with the SEC, which is available through this link. 38.34% of the stock is owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in BANF. Meeder Asset Management Inc. increased its stake in shares of BancFirst by 7.1% during the fourth quarter. Meeder Asset Management Inc. now owns 6,770 shares of the bank’s stock worth $424,000 after purchasing an additional 447 shares during the period. Swiss National Bank boosted its holdings in shares of BancFirst by 1.5% in the 1st quarter. Swiss National Bank now owns 34,818 shares of the bank’s stock valued at $1,162,000 after purchasing an additional 500 shares in the last quarter. Wedge Capital Management L L P NC boosted its holdings in shares of BancFirst by 0.7% in the 1st quarter. Wedge Capital Management L L P NC now owns 82,688 shares of the bank’s stock valued at $2,759,000 after purchasing an additional 576 shares in the last quarter. Bank of Montreal Can boosted its holdings in shares of BancFirst by 43.3% in the 4th quarter. Bank of Montreal Can now owns 2,342 shares of the bank’s stock valued at $146,000 after purchasing an additional 708 shares in the last quarter. Finally, Hancock Whitney Corp boosted its holdings in shares of BancFirst by 10.0% in the 1st quarter. Hancock Whitney Corp now owns 8,898 shares of the bank’s stock valued at $297,000 after purchasing an additional 806 shares in the last quarter. Hedge funds and other institutional investors own 34.44% of the company’s stock.
BancFirst Company Profile
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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