BancFirst Corporation (BANF) to Issue Quarterly Dividend of $0.49 on April 15th

BancFirst Corporation (NASDAQ:BANF) declared a quarterly dividend on Friday, February 27th, NASDAQ Dividends reports. Investors of record on Tuesday, March 31st will be paid a dividend of 0.49 per share by the bank on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Tuesday, March 31st.

BancFirst has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 31 consecutive years. BancFirst has a payout ratio of 29.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect BancFirst to earn $6.10 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 32.1%.

BancFirst Stock Down 1.5%

Shares of BancFirst stock opened at $106.72 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.03 and a quick ratio of 1.03. BancFirst has a 1-year low of $97.02 and a 1-year high of $138.77. The business’s fifty day moving average price is $111.66 and its two-hundred day moving average price is $114.19. The company has a market capitalization of $3.58 billion, a P/E ratio of 14.99 and a beta of 0.65.

BancFirst (NASDAQ:BANF) last issued its quarterly earnings results on Thursday, January 22nd. The bank reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). BancFirst had a net margin of 25.05% and a return on equity of 13.68%. The business had revenue of $181.00 million for the quarter, compared to analyst estimates of $173.76 million. As a group, research analysts forecast that BancFirst will post 6.52 EPS for the current year.

About BancFirst

BancFirst Corporation is a regional banking holding company based in Oklahoma City, Oklahoma. As the largest state‐chartered bank in Oklahoma, BancFirst offers a comprehensive suite of financial services to individuals, businesses and government entities. Its core business activities include commercial and consumer banking, mortgage lending, treasury management, equipment financing and electronic banking solutions.

The bank operates a network of more than 60 branches across Oklahoma, serving urban centers such as Oklahoma City and Tulsa, as well as rural communities throughout the state.