BancFirst (NASDAQ:BANF) Issues Earnings Results

BancFirst (NASDAQ:BANF) announced its quarterly earnings results on Wednesday. The bank reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.03, Zacks reports. The firm had revenue of $187.39 million during the quarter, compared to analysts’ expectations of $187.68 million. BancFirst had a net margin of 25.61% and a return on equity of 13.44%.

BancFirst Stock Down 0.4%

Shares of BANF opened at $109.73 on Thursday. The company has a market capitalization of $3.69 billion, a P/E ratio of 14.81 and a beta of 0.65. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.03 and a quick ratio of 1.02. BancFirst has a one year low of $101.48 and a one year high of $122.21. The business’s 50 day simple moving average is $109.77 and its 200-day simple moving average is $111.80.

BancFirst Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.9%. This is an increase from BancFirst’s previous quarterly dividend of $0.49. The ex-dividend date was Wednesday, September 30th. BancFirst’s dividend payout ratio is presently 28.07%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on BANF shares. Zacks Research cut BancFirst from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 25th. Wall Street Zen raised BancFirst from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Weiss Ratings raised BancFirst from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of BancFirst from $123.00 to $121.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 5th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, BancFirst has an average rating of “Hold” and a consensus price target of $123.00.

Insider Buying and Selling

In other BancFirst news, Director David Rainbolt sold 8,506 shares of BancFirst stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $115.00, for a total value of $978,190.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders sold 166,783 shares of company stock worth $19,366,509. 31.67% of the stock is owned by corporate insiders.

About BancFirst

BancFirst Corporation is a bank holding company headquartered in Oklahoma City, Oklahoma. Through its principal subsidiary, BancFirst, the company provides a range of banking and financial services to individuals, businesses, agricultural customers and public-sector organizations.

BancFirst’s services include checking and savings accounts, consumer and commercial loans, real estate financing, treasury management, online and mobile banking, and other deposit and lending products. The company also offers trust and wealth-management services, including investment management, fiduciary services and retirement-related solutions.

BancFirst serves customers through a statewide network of banking locations and electronic banking channels, with a focus on communities throughout Oklahoma.