BancFirst Co. (NASDAQ:BANF) Declares Quarterly Dividend of $0.46

BancFirst Co. (NASDAQ:BANF) declared a quarterly dividend on Monday, November 25th,Wall Street Journal reports. Stockholders of record on Tuesday, December 31st will be paid a dividend of 0.46 per share by the bank on Wednesday, January 15th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date is Tuesday, December 31st.

BancFirst has raised its dividend by an average of 7.9% annually over the last three years and has raised its dividend every year for the last 31 years. BancFirst has a payout ratio of 29.8% meaning its dividend is sufficiently covered by earnings. Analysts expect BancFirst to earn $6.12 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 30.1%.

BancFirst Stock Down 0.7 %

Shares of BANF opened at $127.23 on Wednesday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.05. BancFirst has a 52-week low of $81.21 and a 52-week high of $132.29. The company has a market cap of $4.22 billion, a PE ratio of 20.45 and a beta of 1.02. The business has a fifty day moving average of $111.87 and a 200 day moving average of $100.91.

BancFirst (NASDAQ:BANF) last released its earnings results on Thursday, October 17th. The bank reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.18. BancFirst had a return on equity of 13.92% and a net margin of 23.52%. The firm had revenue of $163.67 million for the quarter, compared to analysts’ expectations of $156.70 million. On average, sell-side analysts expect that BancFirst will post 6.37 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. DA Davidson lifted their price objective on shares of BancFirst from $104.00 to $110.00 and gave the company a “neutral” rating in a report on Monday, October 21st. StockNews.com upgraded BancFirst from a “sell” rating to a “hold” rating in a report on Thursday, November 7th.

Insider Buying and Selling

In related news, Director David E. Rainbolt sold 1,414 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $105.58, for a total transaction of $149,290.12. Following the completion of the transaction, the director now owns 223,402 shares in the company, valued at $23,586,783.16. The trade was a 0.63 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Dennis Jay Hannah sold 10,543 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $126.58, for a total value of $1,334,532.94. Following the transaction, the executive vice president now directly owns 1,564 shares in the company, valued at approximately $197,971.12. The trade was a 87.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 178,844 shares of company stock valued at $20,608,335 over the last 90 days. Corporate insiders own 33.89% of the company’s stock.

About BancFirst

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.