BancFirst (NASDAQ:BANF) posted its quarterly earnings data on Thursday. The bank reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.13, Fidelity Earnings reports. BancFirst had a return on equity of 11.72% and a net margin of 23.61%.
BANF stock opened at $54.85 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market capitalization of $1,772.79, a PE ratio of 20.17, a P/E/G ratio of 1.61 and a beta of 0.70. BancFirst has a twelve month low of $44.65 and a twelve month high of $61.05.
The business also recently declared a quarterly dividend, which was paid on Friday, April 13th. Stockholders of record on Friday, March 30th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date was Wednesday, March 28th. BancFirst’s dividend payout ratio (DPR) is currently 30.88%.
In other news, major shareholder Banking Ltd Ptnrshp R sold 3,600 shares of the stock in a transaction on Wednesday, March 21st. The stock was sold at an average price of $56.02, for a total value of $201,672.00. Following the transaction, the insider now owns 10,752,470 shares of the company’s stock, valued at approximately $602,353,369.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Kelly Foster sold 2,500 shares of the stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $55.41, for a total value of $138,525.00. Following the completion of the transaction, the insider now directly owns 300 shares in the company, valued at approximately $16,623. The disclosure for this sale can be found here. In the last three months, insiders sold 194,371 shares of company stock worth $10,894,443. 42.32% of the stock is currently owned by company insiders.
A number of research analysts have recently weighed in on BANF shares. Zacks Investment Research raised BancFirst from a “hold” rating to a “strong-buy” rating and set a $60.00 price target on the stock in a research note on Monday, January 1st. BidaskClub raised BancFirst from a “strong sell” rating to a “sell” rating in a research note on Thursday, January 11th. ValuEngine downgraded BancFirst from a “hold” rating to a “sell” rating in a research note on Monday, April 2nd. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $60.00 price target on shares of BancFirst in a research note on Friday.
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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. It operates through Metropolitan Banks, Community Banks, and Other Financial Services segments. The company offers checking accounts, negotiable order of withdrawal accounts, savings accounts, money market accounts, sweep accounts, club accounts, individual retirement accounts, and certificates of deposit, as well as overdraft protection and auto draft services.
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