BancFirst Co. (NASDAQ:BANF) Plans $0.43 Quarterly Dividend

BancFirst Co. (NASDAQ:BANFGet Free Report) declared a quarterly dividend on Wednesday, May 29th, Wall Street Journal reports. Stockholders of record on Friday, June 28th will be paid a dividend of 0.43 per share by the bank on Monday, July 15th. This represents a $1.72 annualized dividend and a dividend yield of 2.00%. The ex-dividend date is Friday, June 28th.

BancFirst has raised its dividend by an average of 7.9% annually over the last three years and has increased its dividend annually for the last 30 consecutive years. BancFirst has a payout ratio of 30.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect BancFirst to earn $5.51 per share next year, which means the company should continue to be able to cover its $1.72 annual dividend with an expected future payout ratio of 31.2%.

BancFirst Stock Down 2.2 %

Shares of NASDAQ BANF traded down $1.92 during mid-day trading on Wednesday, hitting $85.87. The company had a trading volume of 40,377 shares, compared to its average volume of 62,550. The company has a market capitalization of $2.83 billion, a PE ratio of 14.34 and a beta of 1.07. The firm has a 50-day simple moving average of $87.90 and a two-hundred day simple moving average of $89.40. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.06. BancFirst has a one year low of $79.99 and a one year high of $104.00.

BancFirst (NASDAQ:BANFGet Free Report) last announced its quarterly earnings data on Thursday, April 18th. The bank reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.13. The company had revenue of $151.00 million during the quarter, compared to analysts’ expectations of $147.75 million. BancFirst had a return on equity of 14.62% and a net margin of 24.65%. On average, equities analysts expect that BancFirst will post 5.8 EPS for the current year.

Insider Buying and Selling

In related news, EVP Dennis Jay Hannah sold 5,496 shares of BancFirst stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $92.23, for a total transaction of $506,896.08. Following the completion of the transaction, the executive vice president now owns 10,714 shares in the company, valued at $988,152.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Kevin Lawrence sold 10,000 shares of BancFirst stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $90.00, for a total transaction of $900,000.00. Following the completion of the transaction, the executive vice president now owns 10,000 shares in the company, valued at $900,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Dennis Jay Hannah sold 5,496 shares of BancFirst stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $92.23, for a total value of $506,896.08. Following the transaction, the executive vice president now owns 10,714 shares of the company’s stock, valued at approximately $988,152.22. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 17,159 shares of company stock worth $1,555,352. Company insiders own 33.89% of the company’s stock.

BancFirst Company Profile

(Get Free Report)

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.

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Dividend History for BancFirst (NASDAQ:BANF)

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