DA Davidson Comments on BancFirst Corporation’s FY2018 Earnings (BANF)
BancFirst Corporation (NASDAQ:BANF) – DA Davidson issued their FY2018 earnings per share estimates for shares of BancFirst Corporation in a research report issued to clients and investors on Monday. DA Davidson analyst G. Tenner forecasts that the bank will post earnings per share of $3.05 for the year.
BANF has been the subject of a number of other reports. ValuEngine upgraded BancFirst Corporation from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. BidaskClub upgraded BancFirst Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th.
Shares of BancFirst Corporation (BANF) traded down 0.19% during trading on Thursday, reaching $51.50. 22,786 shares of the company’s stock were exchanged. BancFirst Corporation has a 12-month low of $33.79 and a 12-month high of $57.90. The stock has a 50-day moving average price of $50.96 and a 200 day moving average price of $48.38. The company has a market capitalization of $1.64 billion, a P/E ratio of 20.30 and a beta of 0.55.
BancFirst Corporation (NASDAQ:BANF) last released its quarterly earnings data on Thursday, July 20th. The bank reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.13. The firm had revenue of $84.42 million during the quarter, compared to the consensus estimate of $81.12 million. BancFirst Corporation had a return on equity of 11.35% and a net margin of 23.91%.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.63%. This is a boost from BancFirst Corporation’s previous quarterly dividend of $0.19. The ex-dividend date is Thursday, September 28th. BancFirst Corporation’s dividend payout ratio (DPR) is 29.98%.
In related news, Director Dave R. Lopez sold 5,373 shares of the firm’s stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $50.26, for a total transaction of $270,046.98. Following the completion of the transaction, the director now directly owns 4,366 shares in the company, valued at approximately $219,435.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Darryl Schmidt sold 3,000 shares of the firm’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $53.50, for a total value of $160,500.00. Following the transaction, the insider now owns 3,000 shares of the company’s stock, valued at $160,500. The disclosure for this sale can be found here. Insiders have sold a total of 14,699 shares of company stock valued at $749,476 over the last 90 days. 44.97% of the stock is currently owned by company insiders.
A number of hedge funds have recently bought and sold shares of the business. Federated Investors Inc. PA raised its position in BancFirst Corporation by 0.6% in the 2nd quarter. Federated Investors Inc. PA now owns 12,477 shares of the bank’s stock valued at $1,205,000 after purchasing an additional 77 shares in the last quarter. Ameritas Investment Partners Inc. raised its position in BancFirst Corporation by 7.1% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,301 shares of the bank’s stock valued at $125,000 after purchasing an additional 86 shares in the last quarter. Parametric Portfolio Associates LLC raised its position in BancFirst Corporation by 0.7% in the 1st quarter. Parametric Portfolio Associates LLC now owns 13,829 shares of the bank’s stock valued at $1,243,000 after purchasing an additional 101 shares in the last quarter. Heritage Trust Co raised its position in BancFirst Corporation by 11.2% in the 2nd quarter. Heritage Trust Co now owns 2,918 shares of the bank’s stock valued at $282,000 after purchasing an additional 295 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in BancFirst Corporation by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 2,090 shares of the bank’s stock valued at $202,000 after purchasing an additional 313 shares in the last quarter. 16.69% of the stock is currently owned by institutional investors.
About BancFirst Corporation
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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