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

BancFirst Corporation (NASDAQ:BANF) announced a quarterly dividend on Thursday, May 28th. Shareholders of record on Tuesday, June 30th will be paid a dividend of 0.49 per share by the bank on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Tuesday, June 30th.

BancFirst has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 31 years. BancFirst has a dividend payout ratio of 29.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect BancFirst to earn $7.67 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 25.6%.

BancFirst Stock Up 1.1%

Shares of BANF stock opened at $114.58 on Friday. The company’s fifty day simple moving average is $111.95 and its two-hundred day simple moving average is $111.45. BancFirst has a 52 week low of $101.48 and a 52 week high of $138.77. The stock has a market cap of $3.85 billion, a P/E ratio of 15.70 and a beta of 0.59. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.05.

BancFirst (NASDAQ:BANF) last issued its quarterly earnings data on Thursday, April 16th. The bank reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.08. The firm had revenue of $179.00 million during the quarter, compared to analyst estimates of $177.19 million. BancFirst had a return on equity of 13.62% and a net margin of 25.50%.During the same quarter last year, the business posted $1.66 earnings per share. Analysts predict that BancFirst will post 7.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. DA Davidson reaffirmed a “neutral” rating and issued a $125.00 price objective on shares of BancFirst in a research note on Friday, June 12th. Weiss Ratings downgraded BancFirst from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $124.00.

BancFirst Company Profile

BancFirst Corporation is a regional banking holding company based in Oklahoma City, Oklahoma. As the largest state‐chartered bank in Oklahoma, BancFirst offers a comprehensive suite of financial services to individuals, businesses and government entities. Its core business activities include commercial and consumer banking, mortgage lending, treasury management, equipment financing and electronic banking solutions.

The bank operates a network of more than 60 branches across Oklahoma, serving urban centers such as Oklahoma City and Tulsa, as well as rural communities throughout the state.