BancFirst (NASDAQ:BANF) Posts Quarterly Earnings Results, Beats Estimates By $0.09 EPS

BancFirst (NASDAQ:BANF) announced its quarterly earnings data on Thursday. The bank reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.58 by $0.09, Zacks reports. The firm had revenue of $164.84 million during the quarter, compared to analysts’ expectations of $161.72 million. BancFirst had a net margin of 23.52% and a return on equity of 14.21%.

BancFirst Trading Up 1.9 %

NASDAQ BANF opened at $109.54 on Friday. BancFirst has a 12 month low of $81.50 and a 12 month high of $132.29. The company has a market capitalization of $3.64 billion, a price-to-earnings ratio of 17.01 and a beta of 0.82. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.98 and a quick ratio of 0.98. The firm’s fifty day moving average price is $111.35 and its 200 day moving average price is $115.63.

BancFirst Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend was Monday, March 31st. BancFirst’s payout ratio is 28.57%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised BancFirst from a “sell” rating to a “hold” rating in a research note on Monday, April 14th.

Insider Activity at BancFirst

In related news, EVP Darryl Schmidt sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $122.06, for a total transaction of $610,300.00. Following the transaction, the executive vice president now owns 43,564 shares in the company, valued at $5,317,421.84. This trade represents a 10.30 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director William Scott Martin sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $119.13, for a total value of $1,191,300.00. Following the completion of the sale, the director now owns 214,499 shares of the company’s stock, valued at approximately $25,553,265.87. This represents a 4.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,000 shares of company stock valued at $2,994,350 over the last ninety days. Insiders own 33.89% 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. The company operates through BancFirst Metropolitan Banks, BancFirst Community Banks, Pegasus, Worthington, and Other Financial Services segments.