BancFirst Corporation (BANF) to Distribute Quarterly Dividend of $0.52 on October 15th

BancFirst Corporation (NASDAQ:BANF) declared a quarterly dividend on Monday, September 21st. Stockholders of record on Wednesday, September 30th will be given a dividend of 0.52 per share by the bank on Thursday, October 15th. This represents a c) annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Wednesday, September 30th. This is a 6.1% increase from BancFirst’s previous quarterly dividend of $0.49.

BancFirst has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 31 years. BancFirst has a dividend payout ratio of 29.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect BancFirst to earn $7.83 per share next year, which means the company should continue to be able to cover its $1.96 annual dividend with an expected future payout ratio of 25.0%.

BancFirst Price Performance

Shares of BancFirst stock traded down $0.51 during trading hours on Wednesday, reaching $107.73. The stock had a trading volume of 50,650 shares, compared to its average volume of 144,830. The stock’s 50 day moving average is $112.89 and its 200 day moving average is $111.80. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. BancFirst has a twelve month low of $101.48 and a twelve month high of $132.29. The firm has a market capitalization of $3.62 billion, a PE ratio of 14.54 and a beta of 0.60.

BancFirst (NASDAQ:BANF) last announced its quarterly earnings results on Thursday, July 23rd. The bank reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.80 by $0.16. The firm had revenue of $187.49 million during the quarter, compared to analyst estimates of $178.53 million. BancFirst had a return on equity of 13.44% and a net margin of 25.61%. Equities analysts expect that BancFirst will post 7.67 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Keefe, Bruyette & Woods decreased their target price on BancFirst from $123.00 to $121.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 5th. Weiss Ratings downgraded shares of BancFirst from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, July 16th. Wall Street Zen raised shares of BancFirst from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Zacks Research lowered shares of BancFirst from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 25th. Finally, DA Davidson reissued a “neutral” rating and set a $125.00 target price on shares of BancFirst in a report on Friday, June 12th. Four analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $123.00.

BancFirst Company Profile

BancFirst Corporation is a bank holding company headquartered in Oklahoma City, Oklahoma. Its principal subsidiary, BancFirst, provides commercial and consumer banking services to individuals, businesses, agricultural customers and governmental entities.

The company offers deposit accounts, residential and commercial real estate loans, commercial and industrial lending, agricultural financing, consumer loans, treasury management and other traditional banking services. BancFirst also provides trust, investment and wealth management services, along with insurance-related products through affiliated operations.

Founded in 1989, BancFirst has expanded through organic growth and acquisitions and serves communities across Oklahoma through a statewide branch network.