BancFirst Corporation (NASDAQ:BANF) Raises Dividend to $0.52 Per Share

BancFirst Corporation (NASDAQ:BANF) declared a quarterly dividend on Monday, September 21st. Investors of record on Wednesday, September 30th will be paid a dividend of 0.52 per share by the bank on Thursday, October 15th. This represents a c) dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Wednesday, September 30th. This is a 6.1% increase from BancFirst’s previous quarterly dividend of $0.49.

BancFirst has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 31 consecutive years. BancFirst has a payout ratio of 29.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect BancFirst to earn $7.83 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 25.0%.

BancFirst Stock Down 0.2%

BancFirst stock traded down $0.26 during trading on Wednesday, hitting $107.98. 48,455 shares of the company were exchanged, compared to its average volume of 144,816. The business’s 50 day moving average is $112.89 and its 200 day moving average is $111.80. The company has a market capitalization of $3.63 billion, a P/E ratio of 14.57 and a beta of 0.60. BancFirst has a 52 week low of $101.48 and a 52 week high of $132.29. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04.

BancFirst (NASDAQ:BANF) last posted its quarterly earnings results on Thursday, July 23rd. The bank reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.80 by $0.16. BancFirst had a return on equity of 13.44% and a net margin of 25.61%.The firm had revenue of $187.49 million during the quarter, compared to analyst estimates of $178.53 million. Analysts predict that BancFirst will post 7.67 earnings per share for the current year.

About BancFirst

BancFirst Corporation is a bank holding company headquartered in Oklahoma City, Oklahoma. Its principal subsidiary, BancFirst, provides commercial and consumer banking services to individuals, businesses, agricultural customers and governmental entities.

The company offers deposit accounts, residential and commercial real estate loans, commercial and industrial lending, agricultural financing, consumer loans, treasury management and other traditional banking services. BancFirst also provides trust, investment and wealth management services, along with insurance-related products through affiliated operations.

Founded in 1989, BancFirst has expanded through organic growth and acquisitions and serves communities across Oklahoma through a statewide branch network.