BancFirst Co. (BANF) Expected to Announce Quarterly Sales of $86.53 Million

Equities research analysts expect BancFirst Co. (NASDAQ:BANF) to post $86.53 million in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for BancFirst’s earnings, with estimates ranging from $86.10 million to $87.20 million. BancFirst reported sales of $78.98 million during the same quarter last year, which indicates a positive year over year growth rate of 9.6%. The firm is expected to report its next quarterly earnings report on Thursday, January 18th.

According to Zacks, analysts expect that BancFirst will report full-year sales of $86.53 million for the current financial year, with estimates ranging from $339.70 million to $341.80 million. For the next year, analysts expect that the business will report sales of $371.12 million per share, with estimates ranging from $360.97 million to $380.70 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for BancFirst.

A number of brokerages recently commented on BANF. BidaskClub downgraded shares of BancFirst from a “sell” rating to a “strong sell” rating in a report on Thursday. Zacks Investment Research raised shares of BancFirst from a “hold” rating to a “strong-buy” rating and set a $60.00 price target for the company in a report on Monday.

Shares of BancFirst (NASDAQ BANF) traded up $0.70 during trading hours on Friday, hitting $52.50. 50,800 shares of the company were exchanged, compared to its average volume of 49,233. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. BancFirst has a 1 year low of $42.50 and a 1 year high of $61.05. The company has a market cap of $1,650.87, a P/E ratio of 19.89, a price-to-earnings-growth ratio of 1.74 and a beta of 0.56.

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 29th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend is Thursday, December 28th. BancFirst’s payout ratio is 31.82%.

In related news, major shareholder Banking Ltd Ptnrshp R sold 3,541 shares of the stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $56.00, for a total value of $198,296.00. Following the completion of the transaction, the insider now owns 10,985,759 shares of the company’s stock, valued at approximately $615,202,504. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Darryl Schmidt sold 2,000 shares of the firm’s stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $56.10, for a total transaction of $112,200.00. Following the completion of the sale, the executive vice president now directly owns 2,000 shares of the company’s stock, valued at approximately $112,200. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,741 shares of company stock valued at $1,051,262. 42.32% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in BANF. Ameritas Investment Partners Inc. lifted its stake in BancFirst by 7.1% in the second quarter. Ameritas Investment Partners Inc. now owns 1,301 shares of the bank’s stock worth $125,000 after purchasing an additional 86 shares during the last quarter. BNP Paribas Arbitrage SA lifted its stake in BancFirst by 336.5% in the second quarter. BNP Paribas Arbitrage SA now owns 1,314 shares of the bank’s stock worth $127,000 after purchasing an additional 1,013 shares during the last quarter. SG Americas Securities LLC bought a new stake in BancFirst in the third quarter worth about $134,000. Great West Life Assurance Co. Can lifted its stake in BancFirst by 100.0% in the third quarter. Great West Life Assurance Co. Can now owns 2,630 shares of the bank’s stock worth $149,000 after purchasing an additional 1,315 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System bought a new stake in BancFirst in the third quarter worth about $201,000. 33.10% of the stock is owned by institutional investors and hedge funds.

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BancFirst 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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