BancFirst Co. (BANF) Expected to Post Quarterly Sales of $99.80 Million
Brokerages expect that BancFirst Co. (NASDAQ:BANF) will announce $99.80 million in sales for the current fiscal quarter, according to Zacks. Three analysts have made estimates for BancFirst’s earnings. The lowest sales estimate is $99.60 million and the highest is $99.90 million. BancFirst posted sales of $95.32 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 4.7%. The business is scheduled to report its next earnings results on Thursday, July 18th.
On average, analysts expect that BancFirst will report full year sales of $409.07 million for the current fiscal year, with estimates ranging from $403.70 million to $413.60 million. For the next financial year, analysts forecast that the firm will report sales of $434.70 million, with estimates ranging from $416.50 million to $445.00 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow BancFirst.
BancFirst (NASDAQ:BANF) last released its quarterly earnings data on Thursday, April 18th. The bank reported $0.96 EPS for the quarter, topping the consensus estimate of $0.92 by $0.04. The company had revenue of $98.90 million for the quarter, compared to the consensus estimate of $98.50 million. BancFirst had a return on equity of 14.31% and a net margin of 29.07%.
Shares of NASDAQ:BANF opened at $55.36 on Monday. BancFirst has a 12-month low of $48.07 and a 12-month high of $65.70. The firm has a market capitalization of $1.81 billion, a PE ratio of 14.49, a P/E/G ratio of 2.03 and a beta of 0.79. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.03.
Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of BancFirst by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 1,816,854 shares of the bank’s stock valued at $108,921,000 after acquiring an additional 31,758 shares during the period. BlackRock Inc. increased its holdings in shares of BancFirst by 3.7% in the 4th quarter. BlackRock Inc. now owns 1,311,440 shares of the bank’s stock valued at $65,441,000 after acquiring an additional 47,303 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of BancFirst by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,171,060 shares of the bank’s stock worth $58,436,000 after purchasing an additional 8,825 shares in the last quarter. Northern Trust Corp boosted its position in shares of BancFirst by 0.9% in the 1st quarter. Northern Trust Corp now owns 516,440 shares of the bank’s stock worth $26,933,000 after purchasing an additional 4,695 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of BancFirst by 0.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 374,344 shares of the bank’s stock worth $22,441,000 after purchasing an additional 3,187 shares in the last quarter. Institutional investors and hedge funds own 34.23% of the company’s stock.
BancFirst Company Profile
BancFirst Corporation operates as the bank holding company for BancFirst that provides a range of commercial banking services to retail customers, and small to medium-sized businesses. It operates through Metropolitan Banks, Community Banks, and Other Financial Services segments. The company offers checking accounts, negotiable order of withdrawal accounts, savings accounts, money market accounts, sweep accounts, club accounts, individual retirement accounts, and certificates of deposit, as well as overdraft protection and auto draft services.
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