Analysts Expect BancFirst Co. (BANF) Will Post Earnings of $0.93 Per Share

Wall Street brokerages forecast that BancFirst Co. (NASDAQ:BANF) will report $0.93 earnings per share (EPS) for the current quarter, according to Zacks. Three analysts have made estimates for BancFirst’s earnings. The lowest EPS estimate is $0.90 and the highest is $0.94. BancFirst reported earnings of $0.66 per share in the same quarter last year, which indicates a positive year over year growth rate of 40.9%. The firm is expected to report its next earnings results on Thursday, January 17th.

According to Zacks, analysts expect that BancFirst will report full-year earnings of $3.78 per share for the current fiscal year. For the next financial year, analysts expect that the company will post earnings of $3.79 per share, with EPS estimates ranging from $3.70 to $3.86. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that follow BancFirst.

BancFirst (NASDAQ:BANF) last announced its quarterly earnings data on Friday, October 19th. The bank reported $0.98 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.06. The firm had revenue of $98.47 million during the quarter, compared to analyst estimates of $96.77 million. BancFirst had a return on equity of 13.90% and a net margin of 27.17%.

Several analysts recently weighed in on the company. Zacks Investment Research raised BancFirst from a “hold” rating to a “buy” rating and set a $64.00 price objective for the company in a report on Tuesday, October 23rd. BidaskClub raised BancFirst from a “sell” rating to a “hold” rating in a report on Thursday, August 16th. Finally, ValuEngine lowered BancFirst from a “hold” rating to a “sell” rating in a report on Monday, September 17th.

BancFirst stock traded up $0.23 during midday trading on Friday, hitting $52.71. The stock had a trading volume of 51,731 shares, compared to its average volume of 37,304. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.04. The firm has a market cap of $1.72 billion, a P/E ratio of 19.38, a P/E/G ratio of 1.99 and a beta of 0.69. BancFirst has a 12 month low of $50.80 and a 12 month high of $65.70.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Monday, December 31st will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.28%. The ex-dividend date is Friday, December 28th. BancFirst’s dividend payout ratio (DPR) is presently 44.12%.

In other news, insider David Seat sold 528 shares of the company’s stock in a transaction that occurred on Thursday, September 13th. The stock was sold at an average price of $61.25, for a total transaction of $32,340.00. Following the completion of the transaction, the insider now directly owns 8,028 shares of the company’s stock, valued at $491,715. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 42.32% of the stock is currently owned by corporate insiders.

Several large investors have recently bought and sold shares of the company. Victory Capital Management Inc. grew its holdings in shares of BancFirst by 15.9% during the second quarter. Victory Capital Management Inc. now owns 6,840 shares of the bank’s stock valued at $405,000 after purchasing an additional 937 shares during the last quarter. Rhumbline Advisers boosted its position in shares of BancFirst by 5.4% during the second quarter. Rhumbline Advisers now owns 20,608 shares of the bank’s stock worth $1,220,000 after buying an additional 1,065 shares during the period. MetLife Investment Advisors LLC boosted its position in shares of BancFirst by 17.5% during the second quarter. MetLife Investment Advisors LLC now owns 8,433 shares of the bank’s stock worth $499,000 after buying an additional 1,255 shares during the period. Martingale Asset Management L P boosted its position in shares of BancFirst by 1.8% during the second quarter. Martingale Asset Management L P now owns 86,222 shares of the bank’s stock worth $5,105,000 after buying an additional 1,500 shares during the period. Finally, Crawford Investment Counsel Inc. boosted its position in shares of BancFirst by 2.1% during the third quarter. Crawford Investment Counsel Inc. now owns 72,742 shares of the bank’s stock worth $4,361,000 after buying an additional 1,500 shares during the period. 33.87% of the stock is owned by 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. 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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Earnings History and Estimates for BancFirst (NASDAQ:BANF)

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