Zacks: Brokerages Anticipate BancFirst Corporation (BANF) Will Post Earnings of $0.69 Per Share
Equities research analysts forecast that BancFirst Corporation (NASDAQ:BANF) will report $0.69 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for BancFirst Corporation’s earnings, with the lowest EPS estimate coming in at $0.68 and the highest estimate coming in at $0.69. BancFirst Corporation reported earnings per share of $0.56 in the same quarter last year, which suggests a positive year over year growth rate of 23.2%. The company is scheduled to report its next quarterly earnings report on Thursday, October 19th.
According to Zacks, analysts expect that BancFirst Corporation will report full year earnings of $2.76 per share for the current year, with EPS estimates ranging from $2.73 to $2.78. For the next year, analysts anticipate that the business will post earnings of $2.73 per share, with EPS estimates ranging from $2.63 to $2.80. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that that provide coverage for BancFirst Corporation.
BancFirst Corporation (NASDAQ:BANF) last issued its earnings results on Thursday, July 20th. The bank reported $0.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.13. The company had revenue of $84.42 million for the quarter, compared to analysts’ expectations of $81.12 million. BancFirst Corporation had a net margin of 23.91% and a return on equity of 11.35%.
BANF has been the subject of a number of research reports. BidaskClub upgraded BancFirst Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. ValuEngine upgraded BancFirst Corporation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st.
BancFirst Corporation (NASDAQ BANF) traded up 0.10% during trading on Tuesday, hitting $52.40. 30,328 shares of the stock traded hands. The stock has a market cap of $1.67 billion, a PE ratio of 20.65 and a beta of 0.54. BancFirst Corporation has a one year low of $32.76 and a one year high of $57.90. The company has a 50-day moving average price of $50.43 and a 200 day moving average price of $47.87.
The business also recently announced a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $0.76 annualized dividend and a dividend yield of 1.45%. BancFirst Corporation’s payout ratio is currently 29.98%.
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In other BancFirst Corporation news, insider Darryl Schmidt sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $53.50, for a total value of $160,500.00. Following the sale, the insider now owns 3,000 shares in the company, valued at approximately $160,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman H E. Rainbolt bought 400 shares of the business’s stock in a transaction on Tuesday, May 23rd. The stock was purchased at an average price of $94.84 per share, for a total transaction of $37,936.00. Following the purchase, the chairman now directly owns 453 shares in the company, valued at approximately $42,962.52. The disclosure for this purchase can be found here. Insiders own 44.97% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. State Street Corp boosted its stake in shares of BancFirst Corporation by 13.8% in the fourth quarter. State Street Corp now owns 153,600 shares of the bank’s stock worth $14,292,000 after buying an additional 18,678 shares in the last quarter. Norges Bank bought a new stake in shares of BancFirst Corporation during the fourth quarter worth about $10,330,000. Quadrature Capital Ltd bought a new stake in shares of BancFirst Corporation during the fourth quarter worth about $240,000. Teachers Advisors LLC boosted its stake in shares of BancFirst Corporation by 5.2% in the fourth quarter. Teachers Advisors LLC now owns 12,941 shares of the bank’s stock worth $1,204,000 after buying an additional 645 shares in the last quarter. Finally, Creative Planning boosted its stake in shares of BancFirst Corporation by 0.7% in the first quarter. Creative Planning now owns 4,737 shares of the bank’s stock worth $426,000 after buying an additional 31 shares in the last quarter. Hedge funds and other institutional investors own 16.83% of the company’s stock.
BancFirst Corporation Company Profile
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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