Zacks: Analysts Anticipate BancFirst Corporation (BANF) Will Post Earnings of $0.71 Per Share
Brokerages expect BancFirst Corporation (NASDAQ:BANF) to report $0.71 earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for BancFirst Corporation’s earnings. The highest EPS estimate is $0.74 and the lowest is $0.68. BancFirst Corporation reported earnings of $0.57 per share during the same quarter last year, which would indicate a positive year over year growth rate of 24.6%. The company is expected to report its next quarterly earnings report on Thursday, October 19th.
On average, analysts expect that BancFirst Corporation will report full year earnings of $2.79 per share for the current financial year, with EPS estimates ranging from $2.73 to $2.85. For the next year, analysts expect that the business will post earnings of $2.81 per share, with EPS estimates ranging from $2.77 to $2.84. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow BancFirst Corporation.
BancFirst Corporation (NASDAQ:BANF) last posted its quarterly earnings results on Thursday, July 20th. The bank reported $0.71 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 return on equity of 11.35% and a net margin of 23.91%.
Several analysts have recently commented on the stock. BidaskClub raised shares of BancFirst Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 16th. ValuEngine raised shares of BancFirst Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd.
BancFirst Corporation (NASDAQ BANF) traded down 0.87% on Thursday, hitting $51.15. The company’s stock had a trading volume of 52,235 shares. The company has a 50 day moving average price of $50.81 and a 200-day moving average price of $48.43. The company has a market capitalization of $1.63 billion, a P/E ratio of 20.16 and a beta of 0.55. BancFirst Corporation has a 1-year low of $34.03 and a 1-year high of $57.90.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be issued a $0.21 dividend. This is a positive change from BancFirst Corporation’s previous quarterly dividend of $0.19. This represents a $0.84 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend is Thursday, September 28th. BancFirst Corporation’s dividend payout ratio is currently 29.98%.
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In related news, Director Dave R. Lopez sold 4,366 shares of the stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $50.27, for a total value of $219,478.82. Following the transaction, the director now directly owns 4,366 shares in the company, valued at $219,478.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Dave R. Lopez sold 5,373 shares of the stock in a transaction that occurred on Friday, August 11th. The shares were 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 owns 4,366 shares in the company, valued at $219,435.16. The disclosure for this sale can be found here. Insiders sold 14,699 shares of company stock worth $749,476 over the last 90 days. 44.97% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. lifted its holdings in BancFirst Corporation by 7.1% in the second quarter. Ameritas Investment Partners Inc. now owns 1,301 shares of the bank’s stock valued at $125,000 after buying an additional 86 shares during the period. Susquehanna International Group LLP lifted its holdings in BancFirst Corporation by 124.1% in the second quarter. Susquehanna International Group LLP now owns 23,423 shares of the bank’s stock valued at $2,263,000 after buying an additional 12,969 shares during the period. CS Mckee LP acquired a new position in BancFirst Corporation in the second quarter valued at approximately $908,000. The Manufacturers Life Insurance Company lifted its holdings in BancFirst Corporation by 5.4% in the second quarter. The Manufacturers Life Insurance Company now owns 6,307 shares of the bank’s stock valued at $305,000 after buying an additional 324 shares during the period. Finally, State Street Corp lifted its holdings in BancFirst Corporation by 9.8% in the second quarter. State Street Corp now owns 158,757 shares of the bank’s stock valued at $15,336,000 after buying an additional 14,134 shares during the period. Institutional investors and hedge funds own 16.69% 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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