BancFirst Corporation (BANF) to Issue Quarterly Dividend of $0.21
BancFirst Corporation (NASDAQ:BANF) declared a quarterly dividend on Friday, August 25th, Zacks reports. Shareholders of record on Friday, September 29th will be paid a dividend of 0.21 per share by the bank on Friday, October 13th. This represents a $0.84 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend is Thursday, September 28th. This is an increase from BancFirst Corporation’s previous quarterly dividend of $0.19.
BancFirst Corporation has raised its dividend payment by an average of 34.5% annually over the last three years and has increased its dividend every year for the last 15 years. BancFirst Corporation has a payout ratio of 30.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect BancFirst Corporation to earn $2.89 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 29.1%.
Shares of BancFirst Corporation (NASDAQ:BANF) traded up 0.84% on Friday, reaching $54.20. 25,626 shares of the company’s stock traded hands. BancFirst Corporation has a 52 week low of $34.06 and a 52 week high of $57.90. The firm has a market capitalization of $1.73 billion, a P/E ratio of 21.36 and a beta of 0.55. The company’s 50-day moving average is $50.71 and its 200-day moving average is $48.52.
BancFirst Corporation (NASDAQ:BANF) last released its earnings results on Thursday, July 20th. The bank reported $0.71 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.13. The firm had revenue of $84.42 million during the quarter, compared to analysts’ expectations of $81.12 million. BancFirst Corporation had a net margin of 23.91% and a return on equity of 11.35%. Equities research analysts anticipate that BancFirst Corporation will post $2.80 earnings per share for the current fiscal year.
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Several equities analysts recently commented on the stock. ValuEngine cut shares of BancFirst Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. BidaskClub raised shares of BancFirst Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th.
In other BancFirst Corporation news, insider Darryl Schmidt sold 3,000 shares of the business’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 sale, the insider now owns 3,000 shares of the company’s stock, valued at approximately $160,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Dave R. Lopez sold 4,366 shares of the business’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $50.27, for a total transaction of $219,478.82. Following the completion of the sale, the director now directly owns 4,366 shares in the company, valued at approximately $219,478.82. The disclosure for this sale can be found here. Insiders sold a total of 14,699 shares of company stock worth $749,476 in the last three months. Insiders own 44.97% 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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