BancFirst Co. (NASDAQ:BANF) to Post Q2 2024 Earnings of $1.46 Per Share, DA Davidson Forecasts

BancFirst Co. (NASDAQ:BANF) – DA Davidson issued their Q2 2024 earnings estimates for BancFirst in a report released on Monday, April 22nd. DA Davidson analyst G. Tenner anticipates that the bank will post earnings per share of $1.46 for the quarter. DA Davidson currently has a “Neutral” rating and a $92.00 price objective on the stock. The consensus estimate for BancFirst’s current full-year earnings is $5.66 per share. DA Davidson also issued estimates for BancFirst’s FY2025 earnings at $5.48 EPS.

BancFirst Trading Down 0.9 %

NASDAQ BANF opened at $91.57 on Tuesday. The company has a fifty day simple moving average of $86.65 and a two-hundred day simple moving average of $88.18. The stock has a market cap of $3.02 billion, a P/E ratio of 14.96 and a beta of 1.09. BancFirst has a 12-month low of $68.44 and a 12-month high of $104.00. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.06.

Institutional Trading of BancFirst

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BANF. Norges Bank acquired a new stake in BancFirst during the fourth quarter valued at $23,802,000. International Assets Investment Management LLC acquired a new stake in shares of BancFirst in the fourth quarter valued at about $8,818,000. BancFirst Trust & Investment Management grew its position in shares of BancFirst by 4.2% in the first quarter. BancFirst Trust & Investment Management now owns 1,127,415 shares of the bank’s stock valued at $99,246,000 after purchasing an additional 45,629 shares during the period. Fuller & Thaler Asset Management Inc. grew its position in shares of BancFirst by 11.5% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 246,742 shares of the bank’s stock valued at $21,400,000 after purchasing an additional 25,541 shares during the period. Finally, Invesco Ltd. grew its position in shares of BancFirst by 32.4% in the third quarter. Invesco Ltd. now owns 87,866 shares of the bank’s stock valued at $7,621,000 after purchasing an additional 21,521 shares during the period. Institutional investors and hedge funds own 51.72% of the company’s stock.

Insiders Place Their Bets

In other BancFirst news, EVP Dennis Jay Hannah sold 300 shares of the firm’s stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $92.06, for a total value of $27,618.00. Following the completion of the transaction, the executive vice president now owns 18,414 shares of the company’s stock, valued at $1,695,192.84. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, EVP Dennis Jay Hannah sold 300 shares of the firm’s stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $92.06, for a total transaction of $27,618.00. Following the completion of the transaction, the executive vice president now owns 18,414 shares of the company’s stock, valued at $1,695,192.84. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Kevin Lawrence sold 1,529 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $88.00, for a total transaction of $134,552.00. Following the transaction, the executive vice president now directly owns 10,000 shares of the company’s stock, valued at approximately $880,000. The disclosure for this sale can be found here. Over the last quarter, insiders sold 19,300 shares of company stock valued at $1,706,128. Insiders own 33.89% of the company’s stock.

BancFirst Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a $0.43 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.88%. BancFirst’s dividend payout ratio is currently 28.10%.

About BancFirst

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.