BancFirst Corporation (BANF) to Issue Quarterly Dividend of $0.49 on January 15th

BancFirst Corporation (NASDAQ:BANF) declared a quarterly dividend on Thursday, November 20th. Shareholders of record on Wednesday, December 31st will be given a dividend of 0.49 per share by the bank on Thursday, January 15th. This represents a c) annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Wednesday, December 31st.

BancFirst has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 31 consecutive years. BancFirst has a payout ratio of 29.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect BancFirst to earn $6.10 per share next year, which means the company should continue to be able to cover its $1.96 annual dividend with an expected future payout ratio of 32.1%.

BancFirst Price Performance

NASDAQ BANF opened at $110.43 on Friday. BancFirst has a 1 year low of $97.02 and a 1 year high of $138.77. The business’s fifty day moving average is $118.48 and its two-hundred day moving average is $123.83. The stock has a market capitalization of $3.68 billion, a P/E ratio of 15.66 and a beta of 0.78. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.01 and a current ratio of 1.01.

BancFirst (NASDAQ:BANF) last issued its earnings results on Friday, October 17th. The bank reported $1.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.87 by ($0.02). The company had revenue of $175.48 million during the quarter, compared to analyst estimates of $174.60 million. BancFirst had a return on equity of 14.19% and a net margin of 24.94%. On average, research analysts forecast that BancFirst will post 6.52 earnings per share for the current fiscal year.

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.