Brokers Set Expectations for BancFirst Corporation’s Q3 2017 Earnings (BANF)
BancFirst Corporation (NASDAQ:BANF) – Stock analysts at FIG Partners lifted their Q3 2017 EPS estimates for BancFirst Corporation in a research note issued to investors on Thursday. FIG Partners analyst J. Rodis now forecasts that the bank will earn $1.36 per share for the quarter, up from their previous forecast of $1.20. FIG Partners also issued estimates for BancFirst Corporation’s Q4 2017 earnings at $1.32 EPS and FY2018 earnings at $5.25 EPS.
BANF has been the topic of a number of other research reports. BidaskClub upgraded BancFirst Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th. ValuEngine upgraded BancFirst Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd.
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Shares of BancFirst Corporation (NASDAQ BANF) opened at 107.55 on Monday. The firm has a market cap of $1.71 billion, a PE ratio of 21.20 and a beta of 0.52. BancFirst Corporation has a 1-year low of $58.60 and a 1-year high of $115.80. The company’s 50-day moving average price is $98.69 and its 200 day moving average price is $94.92. BancFirst Corporation shares are set to split before the market opens on Tuesday, August 1st. The 2-1 split was announced on Wednesday, May 31st. The newly issued shares will be distributed to shareholders after the market closes on Monday, July 31st.
BancFirst Corporation (NASDAQ:BANF) last released its earnings results on Thursday, July 20th. The bank reported $1.42 EPS for the quarter, topping the consensus estimate of $1.16 by $0.26. BancFirst Corporation had a return on equity of 11.50% and a net margin of 22.83%. The business had revenue of $84.42 million during the quarter, compared to analysts’ expectations of $81.12 million.
Hedge funds have recently modified their holdings of the stock. Ameritas Investment Partners Inc. increased its stake in shares of BancFirst Corporation by 115.4% in the first quarter. Ameritas Investment Partners Inc. now owns 1,215 shares of the bank’s stock valued at $109,000 after buying an additional 651 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of BancFirst Corporation during the first quarter valued at approximately $133,000. Envestnet Asset Management Inc. increased its stake in shares of BancFirst Corporation by 1.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 1,698 shares of the bank’s stock valued at $158,000 after buying an additional 28 shares in the last quarter. Two Sigma Securities LLC acquired a new stake in shares of BancFirst Corporation during the first quarter valued at approximately $209,000. Finally, Karp Capital Management Corp acquired a new stake in shares of BancFirst Corporation during the first quarter valued at approximately $211,000. Institutional investors and hedge funds own 33.73% of the company’s stock.
In related news, Chairman H E. Rainbolt purchased 400 shares of the business’s stock in a transaction that occurred on Tuesday, May 23rd. The shares were bought at an average price of $94.84 per share, for a total transaction of $37,936.00. Following the purchase, the chairman now directly owns 453 shares of the company’s stock, valued at approximately $42,962.52. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 44.97% of the company’s stock.
The business also recently declared a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Friday, June 30th were paid a $0.38 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $1.52 annualized dividend and a dividend yield of 1.41%. BancFirst Corporation’s payout ratio is currently 29.98%.
BancFirst Corporation 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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