FY2025 Earnings Forecast for BancFirst Issued By DA Davidson

BancFirst Co. (NASDAQ:BANF) – Stock analysts at DA Davidson boosted their FY2025 earnings per share (EPS) estimates for shares of BancFirst in a report released on Tuesday, January 28th. DA Davidson analyst G. Tenner now expects that the bank will post earnings per share of $6.90 for the year, up from their prior forecast of $6.26. DA Davidson currently has a “Neutral” rating and a $110.00 target price on the stock. The consensus estimate for BancFirst’s current full-year earnings is $6.37 per share.

BancFirst (NASDAQ:BANF) last posted its quarterly earnings data on Thursday, January 23rd. The bank reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.07. BancFirst had a net margin of 23.52% and a return on equity of 13.92%.

Other equities analysts have also issued research reports about the company. Keefe, Bruyette & Woods raised their target price on BancFirst from $117.00 to $135.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. StockNews.com cut BancFirst from a “hold” rating to a “sell” rating in a research note on Friday, January 24th.

BancFirst Trading Down 1.0 %

NASDAQ BANF opened at $118.15 on Thursday. The stock has a market cap of $3.91 billion, a P/E ratio of 19.00 and a beta of 1.06. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.05. BancFirst has a 12-month low of $81.21 and a 12-month high of $132.29. The company has a fifty day simple moving average of $121.33 and a two-hundred day simple moving average of $112.11.

BancFirst Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $0.46 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.84 dividend on an annualized basis and a yield of 1.56%. BancFirst’s dividend payout ratio is presently 29.58%.

Insiders Place Their Bets

In other news, Director William Scott Martin sold 10,298 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $126.01, for a total transaction of $1,297,650.98. Following the sale, the director now owns 281,606 shares of the company’s stock, valued at $35,485,172.06. This trade represents a 3.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Dennis Jay Hannah sold 10,543 shares of BancFirst stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $126.58, for a total transaction of $1,334,532.94. Following the transaction, the executive vice president now directly owns 1,564 shares of the company’s stock, valued at approximately $197,971.12. This trade represents a 87.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 94,448 shares of company stock valued at $11,626,527. Company insiders own 33.89% of the company’s stock.

Institutional Trading of BancFirst

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of BancFirst in the 3rd quarter valued at about $38,000. Blue Trust Inc. raised its stake in shares of BancFirst by 33.9% during the 3rd quarter. Blue Trust Inc. now owns 391 shares of the bank’s stock worth $41,000 after buying an additional 99 shares during the period. Point72 DIFC Ltd purchased a new position in shares of BancFirst during the 2nd quarter valued at approximately $77,000. nVerses Capital LLC acquired a new stake in BancFirst in the 3rd quarter valued at $105,000. Finally, Point72 Asset Management L.P. purchased a new stake in BancFirst in the 2nd quarter worth $114,000. Institutional investors and hedge funds own 51.72% 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.