BancFirst Co. (NASDAQ:BANF) has received a consensus broker rating score of 3.00 (Hold) from the three analysts that cover the stock, Zacks Investment Research reports. Three analysts have rated the stock with a hold rating.
Analysts have set a twelve-month consensus target price of $58.00 for the company and are predicting that the company will post $0.82 earnings per share for the current quarter, according to Zacks. Zacks has also assigned BancFirst an industry rank of 224 out of 265 based on the ratings given to related companies.
A number of brokerages recently weighed in on BANF. BidaskClub upgraded shares of BancFirst from a “sell” rating to a “hold” rating in a report on Saturday, February 3rd. Zacks Investment Research upgraded shares of BancFirst from a “hold” rating to a “strong-buy” rating and set a $60.00 price objective for the company in a report on Monday, January 1st.
BancFirst (NASDAQ:BANF) last announced its quarterly earnings data on Friday, January 19th. The bank reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.04). BancFirst had a return on equity of 11.83% and a net margin of 24.35%. The firm had revenue of $91.53 million during the quarter, compared to analysts’ expectations of $86.53 million. analysts anticipate that BancFirst will post 3.38 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Friday, March 30th will be paid a dividend of $0.21 per share. The ex-dividend date is Wednesday, March 28th. This represents a $0.84 dividend on an annualized basis and a yield of 1.51%. BancFirst’s dividend payout ratio is presently 31.70%.
In other BancFirst news, major shareholder Banking Ltd Ptnrshp R sold 10,700 shares of the business’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $56.38, for a total transaction of $603,266.00. Following the completion of the sale, the insider now directly owns 10,989,300 shares in the company, valued at approximately $619,576,734. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Darryl Schmidt sold 2,500 shares of the business’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $56.00, for a total transaction of $140,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 102,349 shares of company stock valued at $5,737,784. Company insiders own 42.32% of the company’s stock.
Several large investors have recently bought and sold shares of BANF. Dimensional Fund Advisors LP increased its stake in shares of BancFirst by 102.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,115,778 shares of the bank’s stock worth $63,320,000 after purchasing an additional 563,314 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of BancFirst by 121.2% in the 3rd quarter. Janus Henderson Group PLC now owns 523,227 shares of the bank’s stock worth $29,693,000 after purchasing an additional 286,641 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of BancFirst by 102.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 446,497 shares of the bank’s stock worth $25,339,000 after purchasing an additional 226,044 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of BancFirst by 96.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 291,173 shares of the bank’s stock worth $16,525,000 after purchasing an additional 142,674 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of BancFirst by 92.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 208,859 shares of the bank’s stock worth $11,853,000 after purchasing an additional 100,495 shares in the last quarter. Hedge funds and other institutional investors own 32.85% 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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