BancFirst (BANF) Announces Quarterly Earnings Results, Misses Expectations By $0.04 EPS
BancFirst (NASDAQ:BANF) released its quarterly earnings data on Thursday. The bank reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.04), Yahoo Finance reports. The business had revenue of $91.53 million during the quarter, compared to analyst estimates of $86.53 million. BancFirst had a net margin of 24.35% and a return on equity of 11.59%.
BancFirst (NASDAQ:BANF) traded up $0.95 during trading on Friday, reaching $55.20. The company’s stock had a trading volume of 48,400 shares, compared to its average volume of 63,600. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $1,728.95, a P/E ratio of 20.91, a PEG ratio of 1.73 and a beta of 0.56. BancFirst has a 1 year low of $42.50 and a 1 year high of $61.05.
The company also recently announced a quarterly dividend, which was paid on Monday, January 15th. Shareholders of record on Friday, December 29th were given a $0.21 dividend. The ex-dividend date was Thursday, December 28th. This represents a $0.84 annualized dividend and a yield of 1.52%. BancFirst’s dividend payout ratio is presently 31.82%.
In other news, major shareholder Banking Ltd Ptnrshp R sold 10,700 shares of the firm’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $56.38, for a total transaction of $603,266.00. Following the completion of the transaction, the insider now directly owns 10,989,300 shares in the company, valued at $619,576,734. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director H E. Rainbolt acquired 500 shares of the stock in a transaction dated Monday, December 11th. The shares were bought at an average price of $53.75 per share, with a total value of $26,875.00. Following the completion of the transaction, the director now directly owns 606 shares of the company’s stock, valued at $32,572.50. The disclosure for this purchase can be found here. Insiders sold 18,741 shares of company stock valued at $1,051,262 over the last quarter. Corporate insiders own 42.32% of the company’s stock.
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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