Analysts Anticipate BancFirst Corp. (NASDAQ:BANF) to Post $1.14 EPS
BancFirst Corp. (NASDAQ:BANF) has been given a consensus broker rating score of 3.00 (Hold) from the four brokers that provide coverage for the stock, Zacks Investment Research reports. Four research analysts have rated the stock with a hold recommendation.
Analysts have set a 12 month consensus target price of $66.00 for the company and are expecting that the company will post $1.14 earnings per share for the current quarter, according to Zacks. Zacks has also assigned BancFirst Corp. an industry rank of 170 out of 265 based on the ratings given to related companies.
A number of research firms have recently weighed in on BANF. Zacks Investment Research raised BancFirst Corp. from a “hold” rating to a “buy” rating and set a $74.00 price target for the company in a research note on Monday, July 25th. Keefe, Bruyette & Woods raised their price target on BancFirst Corp. from $59.00 to $64.00 and gave the stock a “market perform” rating in a research note on Monday, July 25th.
BancFirst Corp. (NASDAQ:BANF) traded up 0.574% on Wednesday, hitting $70.291. 3,033 shares of the stock were exchanged. BancFirst Corp. has a 52 week low of $51.14 and a 52 week high of $71.14. The company’s 50-day moving average is $67.76 and its 200-day moving average is $62.31. The company has a market cap of $1.10 billion, a PE ratio of 17.061 and a beta of 0.81.
BancFirst Corp. (NASDAQ:BANF) last posted its quarterly earnings results on Thursday, July 21st. The company reported $1.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.06. BancFirst Corp. had a return on equity of 9.91% and a net margin of 20.79%. On average, analysts predict that BancFirst Corp. will post $4.41 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.17%. This is an increase from BancFirst Corp.’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Wednesday, September 28th. BancFirst Corp.’s dividend payout ratio (DPR) is presently 34.95%.
In related news, insider David R. Harlow sold 9,200 shares of the firm’s stock in a transaction that occurred on Tuesday, August 23rd. The stock was sold at an average price of $67.11, for a total value of $617,412.00. Following the transaction, the insider now directly owns 9,200 shares of the company’s stock, valued at approximately $617,412. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jennifer C. Weast sold 625 shares of the firm’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $66.40, for a total value of $41,500.00. Following the completion of the transaction, the insider now directly owns 625 shares in the company, valued at $41,500. The disclosure for this sale can be found here. 44.97% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Sterling Capital Management LLC acquired a new stake in BancFirst Corp. during the second quarter worth about $608,000. Schwab Charles Investment Management Inc. raised its stake in BancFirst Corp. by 1.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 39,751 shares of the company’s stock worth $2,398,000 after buying an additional 378 shares during the period. Numeric Investors LLC acquired a new stake in BancFirst Corp. during the second quarter worth about $941,000. AQR Capital Management LLC acquired a new stake in BancFirst Corp. during the second quarter worth about $229,000. Finally, Parametric Portfolio Associates LLC raised its stake in BancFirst Corp. by 0.6% in the second quarter. Parametric Portfolio Associates LLC now owns 15,472 shares of the company’s stock worth $933,000 after buying an additional 95 shares during the period. 29.89% of the stock is currently owned by institutional investors and hedge funds.
About BancFirst Corp.
BancFirst Corporation is a financial holding company. The Company conducts its operating activities through its principal subsidiary, BancFirst (the Bank), a state-chartered bank. It has four business units, which include metropolitan banks, community banks, other financial services, and executive, operations and support.
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