BancFirst Co. (NASDAQ:BANF – Get Free Report) declared a quarterly dividend on Thursday, August 22nd, Zacks reports. Stockholders of record on Monday, September 30th will be paid a dividend of 0.46 per share by the bank on Tuesday, October 15th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date of this dividend is Monday, September 30th. This is an increase from BancFirst’s previous quarterly dividend of $0.43.
BancFirst has raised its dividend payment by an average of 7.9% annually over the last three years and has increased its dividend every year for the last 31 years. BancFirst has a payout ratio of 30.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect BancFirst to earn $5.83 per share next year, which means the company should continue to be able to cover its $1.84 annual dividend with an expected future payout ratio of 31.6%.
BancFirst Stock Up 0.4 %
Shares of BancFirst stock opened at $104.54 on Friday. The company has a fifty day moving average price of $104.23 and a 200 day moving average price of $93.37. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.06. BancFirst has a twelve month low of $79.99 and a twelve month high of $111.00. The stock has a market cap of $3.45 billion, a price-to-earnings ratio of 17.08 and a beta of 1.03.
Insider Activity at BancFirst
In other news, EVP Dennis Jay Hannah sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, July 19th. The shares were sold at an average price of $106.50, for a total transaction of $319,500.00. Following the completion of the sale, the executive vice president now owns 7,714 shares of the company’s stock, valued at $821,541. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Dennis Jay Hannah sold 3,000 shares of the company’s stock in a transaction dated Friday, July 19th. The shares were sold at an average price of $106.50, for a total value of $319,500.00. Following the sale, the executive vice president now owns 7,714 shares in the company, valued at approximately $821,541. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director William Scott Martin sold 5,000 shares of BancFirst stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $107.50, for a total value of $537,500.00. Following the completion of the transaction, the director now owns 326,904 shares of the company’s stock, valued at $35,142,180. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 67,564 shares of company stock valued at $7,150,517. Insiders own 33.89% of the company’s stock.
Analyst Ratings Changes
BANF has been the subject of several recent research reports. Piper Sandler increased their price objective on shares of BancFirst from $84.50 to $95.00 and gave the company an “underweight” rating in a research report on Monday, July 22nd. StockNews.com lowered shares of BancFirst from a “hold” rating to a “sell” rating in a report on Wednesday, September 4th.
Get Our Latest Report on BancFirst
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.
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