BancFirst Co. (BANF) Expected to Post Quarterly Sales of $90.11 Million

Wall Street analysts expect BancFirst Co. (NASDAQ:BANF) to report $90.11 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for BancFirst’s earnings. The highest sales estimate is $92.60 million and the lowest is $87.34 million. BancFirst reported sales of $82.85 million in the same quarter last year, which suggests a positive year over year growth rate of 8.8%. The firm is scheduled to report its next earnings report on Thursday, April 19th.

According to Zacks, analysts expect that BancFirst will report full-year sales of $90.11 million for the current fiscal year, with estimates ranging from $360.97 million to $380.70 million. For the next financial year, analysts anticipate that the business will report sales of $376.28 million per share. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for BancFirst.

BancFirst (NASDAQ:BANF) last released its quarterly earnings results on Thursday, October 19th. The bank reported $0.67 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.71 by ($0.04). BancFirst had a net margin of 24.35% and a return on equity of 11.83%.

BANF has been the subject of a number of research analyst reports. Zacks Investment Research cut BancFirst from a “buy” rating to a “hold” rating in a report on Tuesday, October 24th. BidaskClub cut BancFirst from a “buy” rating to a “hold” rating in a report on Thursday, December 7th.

BancFirst (NASDAQ:BANF) opened at $56.00 on Monday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.04. BancFirst has a twelve month low of $42.50 and a twelve month high of $61.05. The stock has a market capitalization of $1,786.09, a PE ratio of 21.13, a P/E/G ratio of 1.79 and a beta of 0.56.

The firm also recently declared a quarterly dividend, which was paid on Monday, January 15th. Investors of record on Friday, December 29th were issued a $0.21 dividend. The ex-dividend date was Thursday, December 28th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.50%. BancFirst’s dividend payout ratio is 31.70%.

In other BancFirst news, major shareholder Banking Ltd Ptnrshp R sold 3,541 shares of the business’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $56.00, for a total transaction of $198,296.00. Following the completion of the sale, the insider now directly owns 10,985,759 shares of the company’s stock, valued at approximately $615,202,504. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director H E. Rainbolt acquired 500 shares of the company’s stock in a transaction on Monday, December 11th. The shares were purchased at an average cost of $53.75 per share, with a total value of $26,875.00. Following the completion of the acquisition, the director now directly owns 606 shares in the company, valued at approximately $32,572.50. The disclosure for this purchase can be found here. Insiders sold 16,741 shares of company stock valued at $939,062 over the last ninety days. 42.32% of the stock is currently owned by company insiders.

Large investors have recently made changes to their positions in the business. Ameritas Investment Partners Inc. raised its holdings in BancFirst by 7.1% during the 2nd 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 raised its holdings in BancFirst by 336.5% during the 2nd 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 during the 3rd quarter worth about $134,000. Great West Life Assurance Co. Can raised its holdings in BancFirst by 100.0% during the 3rd 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, Legal & General Group Plc raised its holdings in BancFirst by 58.2% during the 2nd quarter. Legal & General Group Plc now owns 2,946 shares of the bank’s stock worth $286,000 after purchasing an additional 1,084 shares during the last quarter. 33.10% of the stock is owned by hedge funds and other institutional investors.

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About BancFirst

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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