BancFirst Corporation (BANF) Announces Earnings Results
BancFirst Corporation (NASDAQ:BANF) announced its quarterly earnings results on Thursday. The bank reported $0.67 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.25 by ($0.58), reports. BancFirst Corporation had a net margin of 23.91% and a return on equity of 11.35%.
Shares of BancFirst Corporation (NASDAQ:BANF) traded up 2.68% during trading on Thursday, reaching $59.35. 52,313 shares of the company were exchanged. The firm’s 50 day moving average price is $54.24 and its 200 day moving average price is $50.19. BancFirst Corporation has a one year low of $34.06 and a one year high of $59.60. The company has a market capitalization of $1.89 billion, a PE ratio of 23.39 and a beta of 0.57.
The company also recently announced a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Friday, September 29th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.42%. This is an increase from BancFirst Corporation’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Thursday, September 28th. BancFirst Corporation’s payout ratio is presently 33.14%.
A number of analysts have recently commented on BANF shares. BidaskClub lowered shares of BancFirst Corporation from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. ValuEngine raised shares of BancFirst Corporation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st.
In other BancFirst Corporation news, Director Dave R. Lopez sold 5,373 shares of the firm’s stock in a transaction on Friday, August 11th. The stock was sold at an average price of $50.26, for a total transaction of $270,046.98. Following the transaction, the director now directly owns 4,366 shares in the company, valued at approximately $219,435.16. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Dave R. Lopez sold 4,366 shares of the firm’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $50.27, for a total value of $219,478.82. Following the transaction, the director now owns 4,366 shares in the company, valued at $219,478.82. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,699 shares of company stock worth $749,476. Company insiders own 44.97% of the company’s stock.
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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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