BancFirst Corporation (BANF) to Issue Quarterly Dividend of $0.21
BancFirst Corporation (NASDAQ:BANF) declared a quarterly dividend on Monday, November 20th, Wall Street Journal reports. Shareholders of record on Friday, December 29th will be given a dividend of 0.21 per share by the bank on Monday, January 15th. This represents a $0.84 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date is Thursday, December 28th.
BancFirst Corporation has raised its dividend payment by an average of 34.5% annually over the last three years and has raised its dividend annually for the last 15 consecutive years. BancFirst Corporation has a dividend payout ratio of 30.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect BancFirst Corporation to earn $2.86 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 29.4%.
BancFirst Corporation (NASDAQ:BANF) traded up $0.30 on Monday, reaching $53.80. The company’s stock had a trading volume of 25,200 shares, compared to its average volume of 52,102. The company has a market cap of $1,714.61, a price-to-earnings ratio of 20.38, a price-to-earnings-growth ratio of 1.96 and a beta of 0.56. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.02 and a quick ratio of 1.02. BancFirst Corporation has a fifty-two week low of $40.20 and a fifty-two week high of $61.05.
A number of research analysts have commented on BANF shares. Zacks Investment Research lowered BancFirst Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, October 24th. ValuEngine raised BancFirst Corporation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st.
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In other BancFirst Corporation news, EVP Darryl Schmidt sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $56.10, for a total transaction of $112,200.00. Following the transaction, the executive vice president now owns 2,000 shares in the company, valued at approximately $112,200. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 42.32% of the stock is currently owned by corporate insiders.
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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