Brokerages Anticipate BancFirst Corporation (BANF) Will Post Quarterly Sales of $86.10 Million
Analysts expect that BancFirst Corporation (NASDAQ:BANF) will post $86.10 million in sales for the current quarter, according to Zacks. Three analysts have provided estimates for BancFirst Corporation’s earnings, with the highest sales estimate coming in at $88.20 million and the lowest estimate coming in at $84.90 million. BancFirst Corporation posted sales of $79.36 million during the same quarter last year, which would indicate a positive year over year growth rate of 8.5%. The business is scheduled to report its next quarterly earnings report on Thursday, October 19th.
According to Zacks, analysts expect that BancFirst Corporation will report full year sales of $86.10 million for the current year, with estimates ranging from $337.30 million to $344.50 million. For the next financial year, analysts forecast that the business will report sales of $355.63 million per share, with estimates ranging from $346.30 million to $368.40 million. Zacks’ sales calculations are an average based on a survey of research firms that cover BancFirst Corporation.
BancFirst Corporation (NASDAQ:BANF) last posted its quarterly earnings results on Thursday, July 20th. The bank reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.13. The company had revenue of $84.42 million for the quarter, compared to analyst estimates of $81.12 million. BancFirst Corporation had a return on equity of 11.35% and a net margin of 23.91%.
A number of research analysts have commented on BANF shares. BidaskClub cut BancFirst Corporation from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. ValuEngine upgraded BancFirst Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd.
In related news, insider Darryl Schmidt sold 3,000 shares of the business’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $53.50, for a total value of $160,500.00. Following the transaction, the insider now owns 3,000 shares in the company, valued at $160,500. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman H E. Rainbolt purchased 400 shares of the business’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was acquired at an average price of $94.84 per share, for a total transaction of $37,936.00. Following the purchase, the chairman now owns 453 shares of the company’s stock, valued at approximately $42,962.52. The disclosure for this purchase can be found here. Insiders own 44.97% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in BANF. Swiss National Bank boosted its position in BancFirst Corporation by 3.6% in the first quarter. Swiss National Bank now owns 11,659 shares of the bank’s stock valued at $1,048,000 after buying an additional 400 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in BancFirst Corporation during the first quarter valued at approximately $403,000. Norges Bank acquired a new position in BancFirst Corporation during the fourth quarter valued at approximately $10,330,000. American International Group Inc. boosted its position in BancFirst Corporation by 7.0% in the first quarter. American International Group Inc. now owns 4,816 shares of the bank’s stock valued at $433,000 after buying an additional 314 shares during the period. Finally, Menta Capital LLC acquired a new position in BancFirst Corporation during the first quarter valued at approximately $351,000. Institutional investors and hedge funds own 16.83% of the company’s stock.
Shares of BancFirst Corporation (NASDAQ:BANF) opened at 51.25 on Thursday. The firm has a market cap of $1.63 billion, a price-to-earnings ratio of 20.20 and a beta of 0.54. BancFirst Corporation has a 52-week low of $32.76 and a 52-week high of $57.90. The firm has a 50-day moving average price of $50.43 and a 200-day moving average price of $47.87.
The firm also recently declared a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Friday, June 30th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.48%. The ex-dividend date was Wednesday, June 28th. BancFirst Corporation’s dividend payout ratio (DPR) is 29.98%.
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About BancFirst Corporation
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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