Zacks: Brokerages Anticipate BancFirst Corporation (BANF) Will Announce Quarterly Sales of $86.27 Million
Analysts forecast that BancFirst Corporation (NASDAQ:BANF) will report sales of $86.27 million for the current quarter, according to Zacks. Three analysts have provided estimates for BancFirst Corporation’s earnings, with estimates ranging from $84.90 million to $88.70 million. BancFirst Corporation posted sales of $79.36 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 8.7%. The business is scheduled to issue its next earnings results on Thursday, October 19th.
According to Zacks, analysts expect that BancFirst Corporation will report full-year sales of $86.27 million for the current fiscal year, with estimates ranging from $337.30 million to $345.40 million. For the next financial year, analysts expect that the business will report sales of $371.83 million per share, with estimates ranging from $356.80 million to $387.30 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for BancFirst Corporation.
BancFirst Corporation (NASDAQ:BANF) last announced its quarterly 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. BancFirst Corporation had a return on equity of 11.35% and a net margin of 23.91%. The company had revenue of $84.42 million during the quarter, compared to analyst estimates of $81.12 million.
A number of equities research analysts recently commented on BANF shares. ValuEngine lowered BancFirst Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. BidaskClub lowered BancFirst Corporation from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd.
In other BancFirst Corporation news, Director William H. Crawford sold 1,960 shares of the stock in a transaction on Monday, August 14th. The stock was sold at an average price of $50.74, for a total value of $99,450.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Darryl Schmidt sold 3,000 shares of the stock in a transaction on Monday, July 31st. The shares were sold at an average price of $53.50, for a total value of $160,500.00. Following the completion of the transaction, the insider now owns 3,000 shares in the company, valued at $160,500. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,699 shares of company stock worth $749,476. 44.97% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in BANF. Ameritas Investment Partners Inc. boosted its position in BancFirst Corporation by 115.4% in the 1st quarter. Ameritas Investment Partners Inc. now owns 1,215 shares of the bank’s stock valued at $109,000 after buying an additional 651 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in BancFirst Corporation by 336.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,314 shares of the bank’s stock valued at $127,000 after buying an additional 1,013 shares during the last quarter. SG Americas Securities LLC bought a new position in BancFirst Corporation in the 1st quarter valued at $133,000. Victory Capital Management Inc. boosted 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 buying an additional 313 shares during the last quarter. Finally, Two Sigma Securities LLC bought a new position in BancFirst Corporation in the 1st quarter valued at $209,000. Hedge funds and other institutional investors own 16.69% of the company’s stock.
BancFirst Corporation (NASDAQ:BANF) opened at 57.30 on Thursday. The firm has a market cap of $1.82 billion, a price-to-earnings ratio of 22.59 and a beta of 0.57. The firm’s 50-day moving average price is $51.95 and its 200-day moving average price is $49.24. BancFirst Corporation has a 12 month low of $34.06 and a 12 month high of $58.78.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be given a dividend of $0.21 per share. The ex-dividend date is Thursday, September 28th. This is a positive change from BancFirst Corporation’s previous quarterly dividend of $0.19. This represents a $0.84 dividend on an annualized basis and a yield of 1.47%. BancFirst Corporation’s dividend payout ratio is 33.14%.
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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