BancFirst Corp. (NASDAQ:BANF) announced a quarterly dividend on Monday, August 29th. Stockholders of record on Friday, September 30th will be paid a dividend of 0.38 per share on Friday, October 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date is Wednesday, September 28th. This is a boost from BancFirst Corp.’s previous quarterly dividend of $0.36.
Shares of BancFirst Corp. (NASDAQ:BANF) opened at 70.16 on Tuesday. BancFirst Corp. has a 52 week low of $51.14 and a 52 week high of $72.37. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 17.03 and a beta of 0.81. The stock has a 50 day moving average of $68.37 and a 200-day moving average of $62.69.
BancFirst Corp. (NASDAQ:BANF) last posted its quarterly earnings results on Thursday, July 21st. The company reported $1.10 EPS for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.06. BancFirst Corp. had a net margin of 20.79% and a return on equity of 9.91%. On average, analysts anticipate that BancFirst Corp. will post $4.41 EPS for the current year.
In other BancFirst Corp. news, insider Jennifer C. Weast sold 625 shares of the stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $66.40, for a total transaction of $41,500.00. Following the transaction, the insider now directly owns 625 shares in the company, valued at approximately $41,500. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Darryl Schmidt sold 5,000 shares of the stock in a transaction dated Monday, July 25th. The stock was sold at an average price of $66.10, for a total transaction of $330,500.00. Following the transaction, the insider now owns 5,000 shares in the company, valued at $330,500. The disclosure for this sale can be found here. Company insiders own 44.97% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Parametric Portfolio Associates LLC boosted its position in shares of BancFirst Corp. by 0.6% in the second quarter. Parametric Portfolio Associates LLC now owns 15,472 shares of the company’s stock valued at $933,000 after buying an additional 95 shares during the last quarter. ProShare Advisors LLC acquired a new position in shares of BancFirst Corp. during the second quarter valued at about $1,830,000. APG Asset Management N.V. acquired a new position in shares of BancFirst Corp. during the second quarter valued at about $794,000. Teachers Advisors Inc. boosted its position in shares of BancFirst Corp. by 13.6% in the second quarter. Teachers Advisors Inc. now owns 12,551 shares of the company’s stock valued at $757,000 after buying an additional 1,507 shares during the last quarter. Finally, American International Group Inc. boosted its position in shares of BancFirst Corp. by 5.7% in the second quarter. American International Group Inc. now owns 4,508 shares of the company’s stock valued at $272,000 after buying an additional 242 shares during the last quarter. Institutional investors own 29.89% of the company’s stock.
A number of research analysts have recently commented on the stock. Keefe, Bruyette & Woods upped their price target on shares of BancFirst Corp. from $59.00 to $64.00 and gave the stock a “market perform” rating in a report on Monday, July 25th. Zacks Investment Research cut shares of BancFirst Corp. from a “buy” rating to a “hold” rating in a report on Monday.
BancFirst Corp. 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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