BancFirst Corporation (BANF) to Release Quarterly Earnings on Thursday
BancFirst Corporation (NASDAQ:BANF) is set to issue its quarterly earnings data after the market closes on Thursday, October 19th. Analysts expect the company to announce earnings of $1.25 per share for the quarter.
BancFirst Corporation (NASDAQ:BANF) last issued its quarterly 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 the consensus estimate of $81.12 million. BancFirst Corporation had a net margin of 23.91% and a return on equity of 11.35%. On average, analysts expect BancFirst Corporation to post $2.80 EPS for the current fiscal year and $2.89 EPS for the next fiscal year.
BancFirst Corporation (BANF) opened at 58.20 on Thursday. The company has a 50 day moving average of $53.16 and a 200-day moving average of $49.72. BancFirst Corporation has a one year low of $34.06 and a one year high of $58.85. The stock has a market capitalization of $1.85 billion, a P/E ratio of 22.94 and a beta of 0.57.
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 represents a $0.84 annualized dividend and a yield of 1.44%. This is an increase 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 presently 33.14%.
In other BancFirst Corporation 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 value of $270,046.98. Following the transaction, the director now directly owns 4,366 shares of the company’s stock, valued at $219,435.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Darryl Schmidt sold 3,000 shares of the firm’s stock in a transaction dated Monday, July 31st. The stock was 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 directly owns 3,000 shares in the company, valued at $160,500. The disclosure for this sale can be found here. Insiders sold 14,699 shares of company stock worth $749,476 over the last three months. Insiders own 44.97% of the company’s stock.
BANF has been the subject of several research analyst reports. BidaskClub upgraded BancFirst Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 16th. ValuEngine downgraded BancFirst Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st.
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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