Brokerages Expect BancFirst Corporation (BANF) Will Post Quarterly Sales of $86.27 Million
Wall Street brokerages forecast that BancFirst Corporation (NASDAQ:BANF) will announce sales of $86.27 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for BancFirst Corporation’s earnings, with estimates ranging from $84.90 million to $88.80 million. BancFirst Corporation posted sales of $78.98 million in the same quarter last year, which suggests a positive year over year growth rate of 9.2%. The business is expected to report its next earnings results on Thursday, January 18th.
On average, analysts expect that BancFirst Corporation will report full-year sales of $86.27 million for the current financial year, with estimates ranging from $337.30 million to $345.40 million. For the next financial year, analysts expect that the firm will post 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 firms that that provide coverage for BancFirst Corporation.
BANF has been the subject of several recent research reports. BidaskClub raised BancFirst Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. ValuEngine raised BancFirst Corporation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st.
In other BancFirst Corporation news, insider Darryl Schmidt sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $53.50, for a total value of $160,500.00. Following the sale, the insider now owns 3,000 shares in the company, valued at $160,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Dave R. Lopez sold 5,373 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $50.26, for a total value of $270,046.98. Following the completion of the sale, the director now owns 4,366 shares in the company, valued at approximately $219,435.16. The disclosure for this sale can be found here. Insiders have sold 16,699 shares of company stock valued at $861,676 over the last three months. Insiders own 44.97% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in BANF. Janus Henderson Group PLC bought a new stake in BancFirst Corporation in the second quarter valued at approximately $22,854,000. Mutual of America Capital Management LLC raised its stake in BancFirst Corporation by 106.7% in the third quarter. Mutual of America Capital Management LLC now owns 163,547 shares of the bank’s stock valued at $9,281,000 after buying an additional 84,429 shares during the period. Bank of New York Mellon Corp raised its stake in BancFirst Corporation by 71.6% in the first quarter. Bank of New York Mellon Corp now owns 133,795 shares of the bank’s stock valued at $12,029,000 after buying an additional 55,811 shares during the period. Vanguard Group Inc. raised its stake in BancFirst Corporation by 7.2% in the first quarter. Vanguard Group Inc. now owns 793,238 shares of the bank’s stock valued at $71,312,000 after buying an additional 53,261 shares during the period. Finally, Nationwide Fund Advisors raised its stake in BancFirst Corporation by 98.9% in the third quarter. Nationwide Fund Advisors now owns 38,496 shares of the bank’s stock valued at $2,185,000 after buying an additional 19,140 shares during the period. Hedge funds and other institutional investors own 16.85% of the company’s stock.
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BancFirst Corporation (NASDAQ BANF) opened at 55.55 on Tuesday. The company has a market capitalization of $1.77 billion, a P/E ratio of 21.90 and a beta of 0.56. BancFirst Corporation has a 52 week low of $34.62 and a 52 week high of $61.05. The company has a 50 day moving average price of $54.82 and a 200-day moving average price of $50.50.
The business also recently declared a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Friday, September 29th were given a dividend of $0.21 per share. The ex-dividend date was Thursday, September 28th. This is a boost from BancFirst Corporation’s previous quarterly dividend of $0.19. This represents a $0.84 annualized dividend and a yield of 1.51%. BancFirst Corporation’s dividend payout ratio is 31.82%.
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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