BancFirst (NASDAQ:BANF) Posts Earnings Results, Beats Estimates By $0.03 EPS

BancFirst (NASDAQ:BANF) posted its quarterly earnings results on Wednesday. The bank reported $1.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.03, Zacks reports. BancFirst had a return on equity of 13.44% and a net margin of 25.61%.

BancFirst Stock Down 0.4%

Shares of NASDAQ:BANF traded down $0.43 on Wednesday, reaching $109.73. The company had a trading volume of 99,533 shares, compared to its average volume of 145,260. The firm has a market capitalization of $3.69 billion, a PE ratio of 14.81 and a beta of 0.65. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. BancFirst has a 52-week low of $101.48 and a 52-week high of $122.21. The firm’s 50 day simple moving average is $109.86 and its 200-day simple moving average is $111.80.

BancFirst Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were issued a $0.52 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.9%. This is a boost from BancFirst’s previous quarterly dividend of $0.49. BancFirst’s dividend payout ratio (DPR) is 28.07%.

Insider Buying and Selling at BancFirst

In related news, Director David Rainbolt sold 8,506 shares of the firm’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $115.00, for a total transaction of $978,190.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In the last three months, insiders sold 166,783 shares of company stock worth $19,366,509. Corporate insiders own 31.67% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on BANF. Weiss Ratings upgraded BancFirst from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Zacks Research cut shares of BancFirst from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 25th. Keefe, Bruyette & Woods cut their target price on shares of BancFirst from $123.00 to $121.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 5th. Finally, Wall Street Zen upgraded shares of BancFirst from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, BancFirst currently has an average rating of “Hold” and a consensus target price of $123.00.

About BancFirst

BancFirst Corporation is a bank holding company headquartered in Oklahoma City, Oklahoma. Through its principal subsidiary, BancFirst, the company provides a range of banking and financial services to individuals, businesses, agricultural customers and public-sector organizations.

BancFirst’s services include checking and savings accounts, consumer and commercial loans, real estate financing, treasury management, online and mobile banking, and other deposit and lending products. The company also offers trust and wealth-management services, including investment management, fiduciary services and retirement-related solutions.

BancFirst serves customers through a statewide network of banking locations and electronic banking channels, with a focus on communities throughout Oklahoma.