Research Analysts Set Expectations for BancFirst Corporation’s FY2018 Earnings (BANF)
BancFirst Corporation (NASDAQ:BANF) – Investment analysts at DA Davidson issued their FY2018 EPS estimates for BancFirst Corporation in a research note issued on Monday. DA Davidson analyst G. Tenner forecasts that the bank will post earnings per share of $3.05 for the year.
BancFirst Corporation (NASDAQ:BANF) last announced its earnings results on Thursday, July 20th. The bank reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.13. BancFirst Corporation had a net margin of 23.91% and a return on equity of 11.35%. The business had revenue of $84.42 million during the quarter, compared to the consensus estimate of $81.12 million. TRADEMARK VIOLATION WARNING: This story was published by Daily Political and is owned by of Daily Political. If you are reading this story on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright legislation. The correct version of this story can be accessed at https://www.dailypolitical.com/2017/09/15/research-analysts-set-expectations-for-bancfirst-corporations-fy2018-earnings-banf.html.
Several other equities research analysts have also recently weighed in on the stock. ValuEngine cut shares of BancFirst Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. BidaskClub raised shares of BancFirst Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th.
Shares of BancFirst Corporation (NASDAQ BANF) traded up 1.47% during trading on Thursday, reaching $51.90. 44,236 shares of the company were exchanged. BancFirst Corporation has a one year low of $34.03 and a one year high of $57.90. The stock has a market capitalization of $1.65 billion, a PE ratio of 20.46 and a beta of 0.55. The stock has a 50-day moving average price of $50.81 and a 200-day moving average price of $48.43.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.84 annualized dividend and a yield of 1.64%. This is a boost from BancFirst Corporation’s previous quarterly dividend of $0.19. BancFirst Corporation’s dividend payout ratio is presently 29.98%.
In other BancFirst Corporation news, insider Darryl Schmidt sold 3,000 shares of the company’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $53.50, for a total value of $160,500.00. Following the completion of the transaction, the insider now directly owns 3,000 shares in the company, valued at approximately $160,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dave R. Lopez sold 4,366 shares of the company’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $50.27, for a total transaction of $219,478.82. Following the completion of the transaction, the director now owns 4,366 shares of the company’s stock, valued at $219,478.82. The disclosure for this sale can be found here. Insiders have sold a total of 14,699 shares of company stock valued at $749,476 in the last three months. 44.97% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Federated Investors Inc. PA raised its holdings in BancFirst Corporation by 0.6% in the 2nd quarter. Federated Investors Inc. PA now owns 12,477 shares of the bank’s stock worth $1,205,000 after purchasing an additional 77 shares in the last quarter. Ameritas Investment Partners Inc. raised its holdings in BancFirst Corporation by 7.1% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,301 shares of the bank’s stock worth $125,000 after purchasing an additional 86 shares in the last quarter. Parametric Portfolio Associates LLC raised its holdings in BancFirst Corporation by 0.7% in the 1st quarter. Parametric Portfolio Associates LLC now owns 13,829 shares of the bank’s stock worth $1,243,000 after purchasing an additional 101 shares in the last quarter. Heritage Trust Co raised its holdings in BancFirst Corporation by 11.2% in the 2nd quarter. Heritage Trust Co now owns 2,918 shares of the bank’s stock worth $282,000 after purchasing an additional 295 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in BancFirst Corporation by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 2,090 shares of the bank’s stock worth $202,000 after purchasing an additional 313 shares in the last quarter. Institutional investors and hedge funds own 16.69% of the company’s stock.
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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