BancFirst Corp. (BANF) to Release Quarterly Earnings on Thursday
BancFirst Corp. (NASDAQ:BANF) is set to issue its quarterly earnings data after the market closes on Thursday, October 13th. Analysts expect the company to announce earnings of $1.14 per share for the quarter.
BancFirst Corp. (NASDAQ:BANF) last released its quarterly earnings results on Thursday, July 21st. The company reported $1.10 EPS for the quarter, topping the consensus estimate of $1.04 by $0.06. BancFirst Corp. had a return on equity of 9.91% and a net margin of 20.79%. On average, analysts expect BancFirst Corp. to post $4.41 EPS for the current fiscal year and $4.45 EPS for the next fiscal year.
BancFirst Corp. (NASDAQ:BANF) opened at 72.32 on Wednesday. BancFirst Corp. has a 52-week low of $51.14 and a 52-week high of $75.14. The firm’s 50-day moving average price is $70.09 and its 200 day moving average price is $63.80. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 17.55 and a beta of 0.78.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be given a $0.38 dividend. This is an increase from BancFirst Corp.’s previous quarterly dividend of $0.36. The ex-dividend date is Wednesday, September 28th. This represents a $1.52 annualized dividend and a dividend yield of 2.10%. BancFirst Corp.’s dividend payout ratio is presently 36.89%.
BANF has been the subject of several analyst reports. Keefe, Bruyette & Woods upped their target price on BancFirst Corp. from $59.00 to $64.00 and gave the stock a “market perform” rating in a research report on Monday, July 25th. Zacks Investment Research raised BancFirst Corp. from a “hold” rating to a “buy” rating and set a $69.00 target price for the company in a research report on Wednesday, June 22nd.
In related news, insider Robert M. Neville sold 5,250 shares of the stock in a transaction dated Tuesday, September 13th. The stock was sold at an average price of $68.00, for a total value of $357,000.00. Following the completion of the transaction, the insider now owns 17,832 shares of the company’s stock, valued at $1,212,576. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Darryl Schmidt sold 5,000 shares of the stock in a transaction dated Monday, July 25th. The shares were sold at an average price of $66.10, for a total value of $330,500.00. Following the completion of the transaction, the insider now directly owns 5,000 shares of the company’s stock, valued at approximately $330,500. The disclosure for this sale can be found here. 44.97% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. increased its position in shares of BancFirst Corp. by 304.5% in the second quarter. BlackRock Inc. now owns 1,792 shares of the company’s stock worth $108,000 after buying an additional 1,349 shares in the last quarter. BlackRock Group LTD increased its position in shares of BancFirst Corp. by 47.0% in the second quarter. BlackRock Group LTD now owns 2,982 shares of the company’s stock worth $180,000 after buying an additional 954 shares in the last quarter. AQR Capital Management LLC acquired a new position in shares of BancFirst Corp. during the second quarter worth approximately $229,000. BlackRock Advisors LLC increased its position in shares of BancFirst Corp. by 12.0% in the second quarter. BlackRock Advisors LLC now owns 3,822 shares of the company’s stock worth $231,000 after buying an additional 409 shares in the last quarter. Finally, American International Group Inc. increased 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 worth $272,000 after buying an additional 242 shares in the last quarter. 29.89% of the stock is owned by hedge funds and other institutional investors.
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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