Brokers Set Expectations for BancFirst Co.’s Q2 2024 Earnings (NASDAQ:BANF)

BancFirst Co. (NASDAQ:BANF) – DA Davidson issued their Q2 2024 earnings per share (EPS) estimates for BancFirst in a report released on Monday, April 22nd. DA Davidson analyst G. Tenner anticipates that the bank will post earnings of $1.46 per share for the quarter. DA Davidson currently has a “Neutral” rating and a $92.00 price target on the stock. The consensus estimate for BancFirst’s current full-year earnings is $5.36 per share. DA Davidson also issued estimates for BancFirst’s FY2025 earnings at $5.48 EPS.

BancFirst Trading Up 2.2 %

NASDAQ:BANF opened at $91.28 on Tuesday. The firm has a 50-day simple moving average of $86.51 and a 200-day simple moving average of $88.15. BancFirst has a one year low of $68.44 and a one year high of $104.00. The firm has a market cap of $3.01 billion, a P/E ratio of 14.92 and a beta of 1.09. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.95 and a current ratio of 0.95.

BancFirst Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.43 per share. The ex-dividend date was Wednesday, March 27th. This represents a $1.72 dividend on an annualized basis and a yield of 1.88%. BancFirst’s dividend payout ratio is currently 28.10%.

Insider Buying and Selling at BancFirst

In other news, EVP Dennis Jay Hannah sold 4,000 shares of the business’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $88.45, for a total value of $353,800.00. Following the completion of the transaction, the executive vice president now directly owns 28,714 shares of the company’s stock, valued at approximately $2,539,753.30. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, EVP Kevin Lawrence sold 7,312 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $88.00, for a total transaction of $643,456.00. Following the completion of the sale, the executive vice president now owns 10,000 shares of the company’s stock, valued at $880,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Dennis Jay Hannah sold 4,000 shares of BancFirst stock in a transaction on Friday, February 9th. The stock was sold at an average price of $88.45, for a total transaction of $353,800.00. Following the completion of the transaction, the executive vice president now directly owns 28,714 shares in the company, valued at $2,539,753.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,000 shares of company stock valued at $1,678,510. 33.89% of the stock is currently owned by corporate insiders.

Institutional Trading of BancFirst

Institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC purchased a new stake in BancFirst in the fourth quarter valued at about $25,000. Covestor Ltd boosted its stake in BancFirst by 13.9% in the 3rd quarter. Covestor Ltd now owns 1,250 shares of the bank’s stock worth $108,000 after purchasing an additional 153 shares in the last quarter. National Bank of Canada FI purchased a new stake in BancFirst during the 3rd quarter worth approximately $140,000. D.A. Davidson & CO. acquired a new position in BancFirst during the 4th quarter valued at approximately $216,000. Finally, Pathstone Family Office LLC purchased a new position in shares of BancFirst in the third quarter worth $219,000. Institutional investors and hedge funds own 51.72% of the company’s stock.

About BancFirst

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. The company operates through BancFirst Metropolitan Banks, BancFirst Community Banks, Pegasus, Worthington, and Other Financial Services segments.