BancFirst Corp. (BANF) to Release Quarterly Earnings on Thursday
BancFirst Corp. (NASDAQ:BANF) is set to post its quarterly earnings results after the market closes on Thursday, October 13th. Analysts expect BancFirst Corp. to post earnings of $1.14 per share for the quarter.
BancFirst Corp. (NASDAQ:BANF) last announced its quarterly earnings data on Thursday, July 21st. The company reported $1.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.06. BancFirst Corp. had a return on equity of 9.91% and a net margin of 20.79%. On average, analysts expect BancFirst Corp. to post $4.41 EPS for the current fiscal year and $4.45 EPS for the next fiscal year.
Shares of BancFirst Corp. (NASDAQ:BANF) opened at 72.32 on Wednesday. The firm’s 50-day moving average price is $70.09 and its 200 day moving average price is $63.80. BancFirst Corp. has a 52 week low of $51.14 and a 52 week high of $75.14. The firm has a market cap of $1.13 billion, a PE ratio of 17.55 and a beta of 0.78.
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The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 2.10%. This is a positive change from BancFirst Corp.’s previous quarterly dividend of $0.36. The ex-dividend date is Wednesday, September 28th. BancFirst Corp.’s dividend payout ratio (DPR) is currently 36.89%.
BANF has been the subject of several recent research reports. Zacks Investment Research upgraded BancFirst Corp. from a “hold” rating to a “buy” rating and set a $69.00 price objective for the company in a report on Wednesday, June 22nd. Keefe, Bruyette & Woods raised their target price on BancFirst Corp. from $59.00 to $64.00 and gave the company a “market perform” rating in a report on Monday, July 25th.
In other BancFirst Corp. news, insider Robert M. Neville sold 5,250 shares of the firm’s stock in a transaction dated Tuesday, September 13th. The stock was sold at an average price of $68.00, for a total transaction of $357,000.00. Following the transaction, the insider now directly owns 17,832 shares in the company, valued at $1,212,576. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Jennifer C. Weast sold 625 shares of the firm’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $66.40, for a total value of $41,500.00. Following the transaction, the insider now owns 625 shares in the company, valued at $41,500. The disclosure for this sale can be found here. Company insiders own 44.97% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the stock. BlackRock Inc. raised its position in BancFirst Corp. by 304.5% in the second quarter. BlackRock Inc. now owns 1,792 shares of the company’s stock valued at $108,000 after buying an additional 1,349 shares during the period. BlackRock Group LTD increased its stake in shares of BancFirst Corp. by 47.0% in the second quarter. BlackRock Group LTD now owns 2,982 shares of the company’s stock valued at $180,000 after buying an additional 954 shares in the last quarter. AQR Capital Management LLC acquired a new stake in shares of BancFirst Corp. during the second quarter valued at about $229,000. BlackRock Advisors LLC increased its stake in shares of BancFirst Corp. by 12.0% in the second quarter. BlackRock Advisors LLC now owns 3,822 shares of the company’s stock valued at $231,000 after buying an additional 409 shares in the last quarter. Finally, American International Group Inc. increased its stake in shares of BancFirst Corp. by 5.7% in the second quarter. American International Group Inc. now owns 4,508 shares of the company’s stock valued at $272,000 after buying an additional 242 shares in the last quarter. Institutional investors own 29.89% of the company’s stock.
About BancFirst Corp.
BancFirst Corporation is a financial holding company. The Company conducts its operating activities through its principal subsidiary, BancFirst (the Bank), a state-chartered bank. It has four business units, which include metropolitan banks, community banks, other financial services, and executive, operations and support.
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