Analysts expect BancFirst Corporation (NASDAQ:BANF) to report sales of $86.27 million for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for BancFirst Corporation’s earnings, with estimates ranging from $84.90 million to $88.70 million. BancFirst Corporation reported sales of $79.36 million in the same quarter last year, which indicates a positive year over year growth rate of 8.7%. The company is expected to report its next earnings report on Thursday, October 19th.

According to Zacks, analysts expect that BancFirst Corporation will report full-year sales of $86.27 million for the current year, with estimates ranging from $337.30 million to $345.40 million. For the next financial year, analysts expect that the firm will report sales of $371.83 million per share, with estimates ranging from $356.80 million to $387.30 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow BancFirst Corporation.

BancFirst Corporation (NASDAQ:BANF) last released its earnings results on Thursday, July 20th. The bank reported $0.71 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.13. The firm had revenue of $84.42 million during 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%.

BANF has been the subject of several research analyst reports. ValuEngine raised shares of BancFirst Corporation from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. BidaskClub raised shares of BancFirst Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th.

In other BancFirst Corporation news, Director William H. Crawford sold 1,960 shares of BancFirst Corporation stock in a transaction on Monday, August 14th. The shares were sold at an average price of $50.74, for a total value of $99,450.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dave R. Lopez sold 5,373 shares of BancFirst Corporation stock in a transaction 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 sale, the director now directly owns 4,366 shares of the company’s stock, valued at $219,435.16. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,699 shares of company stock valued at $749,476. Insiders own 44.97% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its position in shares of BancFirst Corporation by 1.3% during the second quarter. Vanguard Group Inc. now owns 803,896 shares of the bank’s stock worth $77,657,000 after acquiring an additional 10,658 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of BancFirst Corporation by 2.2% during the second quarter. Dimensional Fund Advisors LP now owns 552,464 shares of the bank’s stock worth $53,369,000 after acquiring an additional 11,910 shares in the last quarter. Northern Trust Corp increased its position in shares of BancFirst Corporation by 1.8% during the second quarter. Northern Trust Corp now owns 255,910 shares of the bank’s stock worth $24,719,000 after acquiring an additional 4,482 shares in the last quarter. Janus Henderson Group PLC bought a new stake in shares of BancFirst Corporation during the second quarter worth about $22,854,000. Finally, State Street Corp increased its position in shares of BancFirst Corporation by 9.8% during the second quarter. State Street Corp now owns 158,757 shares of the bank’s stock worth $15,336,000 after acquiring an additional 14,134 shares in the last quarter. 16.69% of the stock is owned by hedge funds and other institutional investors.

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BancFirst Corporation (BANF) opened at 51.45 on Friday. The firm’s 50-day moving average price is $50.77 and its 200-day moving average price is $48.45. BancFirst Corporation has a 12-month low of $34.06 and a 12-month high of $57.90. The company has a market cap of $1.64 billion, a PE ratio of 20.28 and a beta of 0.55.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be paid a $0.21 dividend. This is an increase from BancFirst Corporation’s previous quarterly dividend of $0.19. This represents a $0.84 annualized dividend and a yield of 1.63%. The ex-dividend date is Thursday, September 28th. BancFirst Corporation’s payout ratio is 29.98%.

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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Earnings History and Estimates for BancFirst Corporation (NASDAQ:BANF)

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