BancFirst Corporation (NASDAQ:BANF) Announces $0.49 Quarterly Dividend

BancFirst Corporation (NASDAQ:BANF) announced a quarterly dividend on Thursday, May 28th. Investors of record on Tuesday, June 30th will be given a dividend of 0.49 per share by the bank on Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, June 30th.

BancFirst has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 31 years. BancFirst has a payout ratio of 29.2% meaning its dividend is sufficiently covered by earnings. Analysts expect BancFirst to earn $7.67 per share next year, which means the company should continue to be able to cover its $1.96 annual dividend with an expected future payout ratio of 25.6%.

BancFirst Stock Up 1.1%

Shares of BANF opened at $114.58 on Friday. The firm has a 50 day simple moving average of $111.95 and a two-hundred day simple moving average of $111.45. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.04 and a quick ratio of 1.04. BancFirst has a one year low of $101.48 and a one year high of $138.77. The company has a market cap of $3.85 billion, a P/E ratio of 15.70 and a beta of 0.59.

BancFirst (NASDAQ:BANF) last issued its earnings results on Thursday, April 16th. The bank reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.08. BancFirst had a return on equity of 13.62% and a net margin of 25.50%.The firm had revenue of $179.00 million for the quarter, compared to the consensus estimate of $177.19 million. During the same quarter last year, the business posted $1.66 EPS. Research analysts forecast that BancFirst will post 7.39 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently weighed in on BANF shares. Weiss Ratings downgraded BancFirst from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. DA Davidson reissued a “neutral” rating and set a $125.00 target price on shares of BancFirst in a research note on Friday, June 12th. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $124.00.

BancFirst Company Profile

BancFirst Corporation is a regional banking holding company based in Oklahoma City, Oklahoma. As the largest state?chartered bank in Oklahoma, BancFirst offers a comprehensive suite of financial services to individuals, businesses and government entities. Its core business activities include commercial and consumer banking, mortgage lending, treasury management, equipment financing and electronic banking solutions.

The bank operates a network of more than 60 branches across Oklahoma, serving urban centers such as Oklahoma City and Tulsa, as well as rural communities throughout the state.