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

BancFirst Co. (NASDAQ:BANF) declared a quarterly dividend on Tuesday, May 27th, Wall Street Journal reports. Shareholders of record on Monday, June 30th will be paid a dividend of 0.46 per share by the bank on Tuesday, July 15th. This represents a $1.84 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend is Monday, June 30th.

BancFirst has increased its dividend payment by an average of 8.3% annually over the last three years and has increased its dividend annually for the last 31 consecutive years. BancFirst has a payout ratio of 27.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect BancFirst to earn $6.10 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 30.2%.

BancFirst Trading Up 2.7%

Shares of NASDAQ:BANF traded up $3.35 on Tuesday, hitting $126.21. The company had a trading volume of 50,269 shares, compared to its average volume of 104,463. The firm’s 50-day simple moving average is $115.23 and its two-hundred day simple moving average is $118.11. The firm has a market capitalization of $4.20 billion, a price-to-earnings ratio of 19.58 and a beta of 0.78. 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 1 year low of $81.56 and a 1 year high of $132.29.

BancFirst (NASDAQ:BANF) last issued its quarterly earnings data on Thursday, April 17th. The bank reported $1.67 EPS for the quarter, topping the consensus estimate of $1.58 by $0.09. The business had revenue of $164.84 million during the quarter, compared to analyst estimates of $161.72 million. BancFirst had a net margin of 23.52% and a return on equity of 14.21%. Equities analysts anticipate that BancFirst will post 6.52 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded BancFirst from a “sell” rating to a “hold” rating in a research note on Monday, May 12th.

Insider Transactions at BancFirst

In other BancFirst news, Director William Scott Martin sold 10,000 shares of the business’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $119.13, for a total value of $1,191,300.00. Following the sale, the director now directly owns 214,499 shares of the company’s stock, valued at approximately $25,553,265.87. The trade was a 4.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Randy Foraker sold 4,000 shares of the stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $126.61, for a total value of $506,440.00. The disclosure for this sale can be found here. Insiders own 32.43% of the company’s stock.

Institutional Trading of BancFirst

Several institutional investors have recently bought and sold shares of BANF. Advisors Asset Management Inc. raised its holdings in BancFirst by 108.6% in the first quarter. Advisors Asset Management Inc. now owns 559 shares of the bank’s stock worth $61,000 after buying an additional 291 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of BancFirst by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,844 shares of the bank’s stock valued at $1,301,000 after acquiring an additional 505 shares in the last quarter. Jane Street Group LLC purchased a new position in BancFirst in the 1st quarter worth approximately $3,646,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in BancFirst by 8.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 46,396 shares of the bank’s stock worth $5,098,000 after acquiring an additional 3,433 shares during the last quarter. 51.72% of the stock is owned by hedge funds and other institutional investors.

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.