BancFirst Co. (NASDAQ:BANF) announced a quarterly dividend on Monday, March 4th, Wall Street Journal reports. Investors of record on Friday, March 29th will be given a dividend of 0.30 per share by the bank on Monday, April 15th. This represents a $1.20 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend is Thursday, March 28th.

BancFirst has raised its dividend payment by an average of 10.5% per year over the last three years and has raised its dividend every year for the last 17 years. BancFirst has a dividend payout ratio of 32.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect BancFirst to earn $3.83 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 31.3%.

BancFirst stock opened at $51.91 on Wednesday. The company has a market cap of $1.65 billion, a P/E ratio of 13.59, a PEG ratio of 1.92 and a beta of 0.79. BancFirst has a 1-year low of $48.07 and a 1-year high of $65.70. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.98 and a current ratio of 0.98.

BancFirst (NASDAQ:BANF) last issued its quarterly earnings results on Thursday, January 17th. The bank reported $0.98 EPS for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.04. The firm had revenue of $100.74 million for the quarter, compared to analyst estimates of $97.57 million. BancFirst had a net margin of 29.37% and a return on equity of 14.68%. Research analysts expect that BancFirst will post 3.76 EPS for the current year.

A number of equities analysts have recently commented on the stock. BidaskClub lowered shares of BancFirst from a “hold” rating to a “sell” rating in a report on Wednesday, November 28th. Zacks Investment Research lowered shares of BancFirst from a “buy” rating to a “hold” rating in a report on Wednesday, November 28th. Finally, ValuEngine raised shares of BancFirst from a “sell” rating to a “hold” rating in a report on Monday, February 4th.

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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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Dividend History for BancFirst (NASDAQ:BANF)

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