BancFirst Corporation (NASDAQ:BANF) to Issue Quarterly Dividend of $0.49

BancFirst Corporation (NASDAQ:BANF) declared a quarterly dividend on Thursday, May 28th. Shareholders of record on Tuesday, June 30th will be paid a dividend of 0.49 per share by the bank on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Tuesday, June 30th.

BancFirst has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 31 consecutive years. BancFirst has a payout ratio of 29.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect BancFirst to earn $7.67 per share next year, which means the company should continue to be able to cover its $1.96 annual dividend with an expected future payout ratio of 25.6%.

BancFirst Stock Up 1.1%

NASDAQ BANF opened at $114.58 on Friday. BancFirst has a 1-year low of $101.48 and a 1-year high of $138.77. The company has a market capitalization of $3.85 billion, a price-to-earnings ratio of 15.70 and a beta of 0.59. The stock’s 50 day moving average is $111.95 and its two-hundred day moving average is $111.45. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.05.

BancFirst (NASDAQ:BANF) last issued its earnings results on Thursday, April 16th. The bank reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.08. The business had revenue of $179.00 million during the quarter, compared to analysts’ expectations of $177.19 million. BancFirst had a return on equity of 13.62% and a net margin of 25.50%.During the same period in the prior year, the firm posted $1.66 EPS. Equities analysts forecast that BancFirst will post 7.39 earnings per share for the current fiscal year.

About BancFirst

BancFirst Corporation is a regional banking holding company based in Oklahoma City, Oklahoma. As the largest state‐chartered bank in Oklahoma, BancFirst offers a comprehensive suite of financial services to individuals, businesses and government entities. Its core business activities include commercial and consumer banking, mortgage lending, treasury management, equipment financing and electronic banking solutions.

The bank operates a network of more than 60 branches across Oklahoma, serving urban centers such as Oklahoma City and Tulsa, as well as rural communities throughout the state.