Analysts Anticipate BancFirst Corp. (NASDAQ:BANF) to Post $1.14 EPS
BancFirst Corp. (NASDAQ:BANF) has been assigned a consensus broker rating score of 3.00 (Hold) from the four analysts that provide coverage for the company, Zacks Investment Research reports. Four analysts have rated the stock with a hold rating.
Analysts have set a one year consensus target price of $66.00 for the company and are predicting 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.
BANF has been the topic of several recent research reports. Zacks Investment Research lowered shares of BancFirst Corp. from a “buy” rating to a “hold” rating in a research report on Monday, June 27th. Keefe, Bruyette & Woods lifted their price objective on shares of BancFirst Corp. from $59.00 to $64.00 and gave the stock a “market perform” rating in a research report on Monday, July 25th.
In other BancFirst Corp. news, insider Jennifer C. Weast sold 625 shares of BancFirst Corp. stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $66.40, for a total transaction of $41,500.00. Following the transaction, the insider now directly owns 625 shares in the company, valued at approximately $41,500. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Scott Copeland sold 4,000 shares of BancFirst Corp. stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of $66.40, for a total transaction of $265,600.00. Following the transaction, the insider now owns 4,250 shares in the company, valued at $282,200. The disclosure for this sale can be found here. Company insiders own 44.97% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp boosted its position in BancFirst Corp. by 4.8% in the second quarter. Bank of New York Mellon Corp now owns 69,339 shares of the company’s stock valued at $4,183,000 after buying an additional 3,168 shares in the last quarter. Bank of Montreal Can bought a new position in BancFirst Corp. during the second quarter valued at approximately $814,000. Acadian Asset Management LLC bought a new position in BancFirst Corp. during the second quarter valued at approximately $518,000. Creative Planning boosted its position in BancFirst Corp. by 0.7% in the second quarter. Creative Planning now owns 4,641 shares of the company’s stock valued at $280,000 after buying an additional 33 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its position in BancFirst Corp. by 34.3% in the first quarter. Jacobs Levy Equity Management Inc. now owns 10,016 shares of the company’s stock valued at $571,000 after buying an additional 2,560 shares in the last quarter. Institutional investors and hedge funds own 29.89% of the company’s stock.
Shares of BancFirst Corp. (NASDAQ:BANF) traded up 0.574% during midday trading on Wednesday, reaching $70.291. The company’s stock had a trading volume of 3,033 shares. The stock has a market capitalization of $1.10 billion, a PE ratio of 17.061 and a beta of 0.81. BancFirst Corp. has a 12 month low of $51.14 and a 12 month high of $71.14. The stock’s 50 day moving average is $67.76 and its 200 day moving average is $62.31.
BancFirst Corp. (NASDAQ:BANF) last posted its quarterly earnings results on Thursday, July 21st. The company reported $1.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.06. BancFirst Corp. had a net margin of 20.79% and a return on equity of 9.91%. On average, analysts forecast that BancFirst Corp. will post $4.41 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 2.17%. This is a boost from BancFirst Corp.’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Wednesday, September 28th. BancFirst Corp.’s payout ratio is presently 34.95%.
BancFirst Corp. Company Profile
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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