Equities research analysts predict that BancFirst Co. (NASDAQ:BANF) will announce $90.57 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for BancFirst’s earnings, with the lowest sales estimate coming in at $87.72 million and the highest estimate coming in at $92.80 million. BancFirst reported sales of $82.85 million in the same quarter last year, which suggests a positive year-over-year growth rate of 9.3%. The firm is expected to report its next quarterly earnings results on Thursday, April 19th.
According to Zacks, analysts expect that BancFirst will report full year sales of $90.57 million for the current financial year, with estimates ranging from $361.18 million to $382.20 million. For the next financial year, analysts expect that the company will post sales of $392.57 million per share, with estimates ranging from $376.10 million to $405.70 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover BancFirst.
BancFirst (NASDAQ:BANF) last issued its earnings results on Friday, January 19th. The bank reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.04). The firm had revenue of $91.53 million during the quarter, compared to the consensus estimate of $86.53 million. BancFirst had a return on equity of 11.83% and a net margin of 24.35%.
BancFirst (NASDAQ:BANF) opened at $54.15 on Thursday. The firm has a market cap of $1,706.36, a price-to-earnings ratio of 19.67, a P/E/G ratio of 1.58 and a beta of 0.68. 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 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. Investors of record on Friday, December 29th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend was Thursday, December 28th. BancFirst’s dividend payout ratio is currently 31.70%.
In other news, Director H E. Rainbolt bought 500 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The stock was bought at an average price of $53.75 per share, with a total value of $26,875.00. Following the acquisition, the director now owns 606 shares of the company’s stock, valued at approximately $32,572.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Darryl Schmidt sold 2,420 shares of the company’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $55.00, for a total transaction of $133,100.00. Following the completion of the transaction, the insider now directly owns 2,420 shares of the company’s stock, valued at approximately $133,100. The disclosure for this sale can be found here. Insiders sold a total of 104,849 shares of company stock valued at $5,875,284 in the last ninety days. 42.32% of the stock is currently owned by insiders.
A number of hedge funds have recently made changes to their positions in the business. Wealthstreet Investment Advisors LLC purchased a new stake in BancFirst in the 4th quarter worth $614,000. California Public Employees Retirement System lifted its stake in BancFirst by 43.0% in the 4th quarter. California Public Employees Retirement System now owns 16,716 shares of the bank’s stock worth $855,000 after purchasing an additional 5,030 shares in the last quarter. Teacher Retirement System of Texas purchased a new stake in BancFirst in the 4th quarter worth $308,000. Maltese Capital Management LLC purchased a new stake in BancFirst in the 4th quarter worth $512,000. Finally, Ironwood Investment Counsel LLC purchased a new stake in BancFirst in the 4th quarter worth $249,000. Institutional investors and hedge funds own 33.03% of the company’s stock.
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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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