BancFirst Corp. to Issue Quarterly Dividend of $0.38 (BANF)
BancFirst Corp. (NASDAQ:BANF) declared a quarterly dividend on Monday, November 21st. Investors of record on Friday, December 30th will be given a dividend of 0.38 per share on Friday, January 13th. This represents a $1.52 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend is Wednesday, December 28th.
BancFirst Corp. (NASDAQ:BANF) opened at 82.45 on Tuesday. The company has a 50-day moving average price of $74.27 and a 200 day moving average price of $67.09. BancFirst Corp. has a 1-year low of $51.14 and a 1-year high of $85.00. The firm has a market capitalization of $1.30 billion, a P/E ratio of 19.31 and a beta of 0.64.
BancFirst Corp. (NASDAQ:BANF) last released its earnings results on Thursday, October 20th. The company reported $1.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.14 by $0.01. BancFirst Corp. had a net margin of 21.02% and a return on equity of 10.08%. Analysts expect that BancFirst Corp. will post $4.41 earnings per share for the current fiscal year.
In related news, insider John Anderson sold 10,000 shares of BancFirst Corp. stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $82.00, for a total value of $820,000.00. Following the sale, the insider now directly owns 10,000 shares in the company, valued at $820,000. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director William H. Crawford sold 5,000 shares of BancFirst Corp. stock in a transaction that occurred on Thursday, November 10th. The shares were sold at an average price of $80.37, for a total value of $401,850.00. The disclosure for this sale can be found here. 44.97% of the stock is owned by corporate insiders.
Several hedge funds have recently bought and sold shares of the stock. BlackRock Inc. increased its stake in BancFirst Corp. by 4.2% in the third quarter. BlackRock Inc. now owns 1,868 shares of the company’s stock worth $135,000 after buying an additional 76 shares during the period. Parametric Portfolio Associates LLC increased its stake in BancFirst Corp. by 0.6% in the second quarter. Parametric Portfolio Associates LLC now owns 15,472 shares of the company’s stock worth $933,000 after buying an additional 95 shares during the period. BlackRock Group LTD increased its stake in BancFirst Corp. by 6.3% in the third quarter. BlackRock Group LTD now owns 3,171 shares of the company’s stock worth $230,000 after buying an additional 189 shares during the period. California State Teachers Retirement System increased its stake in BancFirst Corp. by 1.2% in the third quarter. California State Teachers Retirement System now owns 16,621 shares of the company’s stock worth $1,205,000 after buying an additional 200 shares during the period. Finally, American International Group Inc. increased its stake in 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 during the period. Hedge funds and other institutional investors own 30.49% of the company’s stock.
A number of research firms have recently issued reports on BANF. Zacks Investment Research lowered BancFirst Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, October 26th. Keefe, Bruyette & Woods boosted their target price on BancFirst Corp. from $59.00 to $64.00 and gave the company a “market perform” rating in a report on Monday, July 25th.
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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