BancFirst (NASDAQ:BANF) Releases Earnings Results

BancFirst (NASDAQ:BANF) posted its quarterly earnings results on Wednesday, October 21st. The bank reported $1.97 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.03, Zacks reports. The business had revenue of $187.39 million during the quarter, compared to the consensus estimate of $187.68 million. BancFirst had a return on equity of 13.47% and a net margin of 32.44%.

BancFirst Price Performance

BancFirst stock traded up $0.08 during midday trading on Friday, reaching $115.20. The company had a trading volume of 192,221 shares, compared to its average volume of 145,758. The company has a market capitalization of $3.87 billion, a P/E ratio of 15.30 and a beta of 0.62. The firm’s fifty day simple moving average is $109.46 and its 200-day simple moving average is $111.69. BancFirst has a 12-month low of $101.48 and a 12-month high of $122.21. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.03 and a quick ratio of 1.02.

BancFirst Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were paid a $0.52 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $2.08 annualized dividend and a dividend yield of 1.8%. This is a boost from BancFirst’s previous quarterly dividend of $0.49. BancFirst’s dividend payout ratio (DPR) is presently 27.62%.

Insider Buying and Selling at BancFirst

In other news, Director David Rainbolt sold 8,506 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $115.00, for a total transaction of $978,190.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 31.67% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on BANF. Keefe, Bruyette & Woods decreased their target price on BancFirst from $123.00 to $121.00 and set a “market perform” rating for the company in a research report on Wednesday, August 5th. Wall Street Zen downgraded BancFirst from a “hold” rating to a “sell” rating in a research report on Saturday, October 31st. Zacks Research downgraded BancFirst from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 25th. Finally, Weiss Ratings lowered shares of BancFirst from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday. Four analysts have rated the stock with a Hold rating. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $123.00.

About BancFirst

BancFirst Corporation is a bank holding company headquartered in Oklahoma City, Oklahoma. Through its principal subsidiary, BancFirst, the company provides a range of banking and financial services to individuals, businesses, agricultural customers and public-sector organizations.

BancFirst’s services include checking and savings accounts, consumer and commercial loans, real estate financing, treasury management, online and mobile banking, and other deposit and lending products. The company also offers trust and wealth-management services, including investment management, fiduciary services and retirement-related solutions.

BancFirst serves customers through a statewide network of banking locations and electronic banking channels, with a focus on communities throughout Oklahoma.