Zacks: Analysts Anticipate BancFirst Corporation (BANF) Will Announce Quarterly Sales of $86.27 Million
Wall Street brokerages expect BancFirst Corporation (NASDAQ:BANF) to announce sales of $86.27 million for the current quarter, according to Zacks. Three analysts have made estimates for BancFirst Corporation’s earnings. The highest sales estimate is $88.70 million and the lowest is $84.90 million. BancFirst Corporation posted sales of $79.36 million during the same quarter last year, which indicates a positive year-over-year growth rate of 8.7%. The firm is expected to issue its next earnings report on Thursday, October 19th.
According to Zacks, analysts expect that BancFirst Corporation will report full year sales of $86.27 million for the current financial year, with estimates ranging from $337.30 million to $345.40 million. For the next year, analysts expect that the business will report sales of $356.40 million per share, with estimates ranging from $346.30 million to $370.70 million. Zacks’ sales calculations are a mean average based on a survey of analysts that cover BancFirst Corporation.
BancFirst Corporation (NASDAQ:BANF) last announced its quarterly earnings data on Thursday, July 20th. The bank reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.13. The business had revenue of $84.42 million for the quarter, compared to analysts’ expectations of $81.12 million. BancFirst Corporation had a return on equity of 11.35% and a net margin of 23.91%.
Several research firms have weighed in on BANF. BidaskClub cut shares of BancFirst Corporation from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. ValuEngine upgraded shares of BancFirst Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd.
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In other news, Director Dave R. Lopez sold 5,373 shares of BancFirst Corporation stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $50.26, for a total transaction of $270,046.98. Following the completion of the sale, the director now owns 4,366 shares in the company, valued at approximately $219,435.16. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Dave R. Lopez sold 4,366 shares of BancFirst Corporation stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $50.27, for a total transaction of $219,478.82. Following the sale, the director now owns 4,366 shares of the company’s stock, valued at approximately $219,478.82. The disclosure for this sale can be found here. Insiders sold a total of 14,699 shares of company stock valued at $749,476 in the last 90 days. Corporate insiders own 44.97% of the company’s stock.
Several large investors have recently modified their holdings of the company. Teachers Advisors LLC boosted its stake in shares of BancFirst Corporation by 5.2% in the fourth quarter. Teachers Advisors LLC now owns 12,941 shares of the bank’s stock valued at $1,204,000 after buying an additional 645 shares in the last quarter. Bank of Montreal Can boosted its position in shares of BancFirst Corporation by 16.8% in the first quarter. Bank of Montreal Can now owns 21,469 shares of the bank’s stock worth $1,931,000 after buying an additional 3,090 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of BancFirst Corporation by 3.3% in the first quarter. Wells Fargo & Company MN now owns 11,582 shares of the bank’s stock worth $1,041,000 after buying an additional 367 shares in the last quarter. Capital One National Association boosted its position in shares of BancFirst Corporation by 0.9% in the first quarter. Capital One National Association now owns 9,968 shares of the bank’s stock worth $896,000 after buying an additional 88 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in shares of BancFirst Corporation by 4.7% in the first quarter. First Trust Advisors LP now owns 38,254 shares of the bank’s stock worth $3,439,000 after buying an additional 1,706 shares in the last quarter. Institutional investors own 16.69% of the company’s stock.
Shares of BancFirst Corporation (BANF) opened at 50.20 on Tuesday. The stock has a 50 day moving average price of $51.10 and a 200 day moving average price of $48.20. The firm has a market capitalization of $1.60 billion, a PE ratio of 19.79 and a beta of 0.54. BancFirst Corporation has a 52 week low of $33.51 and a 52 week high of $57.90.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend is Thursday, September 28th. This is a boost from BancFirst Corporation’s previous quarterly dividend of $0.19. BancFirst Corporation’s dividend payout ratio (DPR) is presently 29.98%.
About BancFirst Corporation
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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