BancFirst (NASDAQ:BANF) Issues Earnings Results

BancFirst (NASDAQ:BANF) announced its quarterly earnings data on Thursday. The bank reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.07, Zacks reports. BancFirst had a return on equity of 13.92% and a net margin of 23.52%.

BancFirst Stock Performance

NASDAQ BANF opened at $118.63 on Friday. BancFirst has a fifty-two week low of $81.21 and a fifty-two week high of $132.29. The stock has a market cap of $3.93 billion, a PE ratio of 19.07 and a beta of 1.06. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.98 and a current ratio of 0.98. The firm’s fifty day moving average price is $121.47 and its two-hundred day moving average price is $111.33.

BancFirst Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $0.46 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.84 dividend on an annualized basis and a yield of 1.55%. BancFirst’s dividend payout ratio is currently 29.58%.

Wall Street Analyst Weigh In

A number of research firms recently commented on BANF. Keefe, Bruyette & Woods boosted their price target on BancFirst from $117.00 to $135.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. StockNews.com downgraded shares of BancFirst from a “hold” rating to a “sell” rating in a report on Friday. Finally, 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 research note on Monday, October 21st.

Insider Buying and Selling

In related news, major shareholder Main Street Banking Partners L sold 24,421 shares of the stock in a transaction on Monday, October 28th. The stock was sold at an average price of $110.78, for a total value of $2,705,358.38. Following the completion of the sale, the insider now directly owns 4,910,000 shares in the company, valued at $543,929,800. This represents a 0.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Dennis L. Brand sold 4,000 shares of BancFirst stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $126.50, for a total value of $506,000.00. Following the transaction, the executive vice president now directly owns 33,000 shares in the company, valued at $4,174,500. The trade was a 10.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 118,869 shares of company stock worth $14,309,535 in the last 90 days. Insiders own 33.89% of the company’s stock.

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.