$86.53 Million in Sales Expected for BancFirst Co. (BANF) This Quarter
Brokerages expect BancFirst Co. (NASDAQ:BANF) to report sales of $86.53 million for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for BancFirst’s earnings, with estimates ranging from $86.10 million to $87.20 million. BancFirst posted sales of $78.98 million during the same quarter last year, which would indicate a positive year over year growth rate of 9.6%. The firm is scheduled to issue its next quarterly earnings report on Thursday, January 18th.
According to Zacks, analysts expect that BancFirst will report full year sales of $86.53 million for the current year, with estimates ranging from $339.70 million to $341.80 million. For the next year, analysts expect that the business will report sales of $371.12 million per share, with estimates ranging from $360.97 million to $380.70 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover BancFirst.
Several analysts recently weighed in on BANF shares. Zacks Investment Research downgraded BancFirst from a “buy” rating to a “hold” rating in a research note on Tuesday, October 24th. ValuEngine cut BancFirst from a “buy” rating to a “hold” rating in a report on Friday, September 1st.
In related news, insider Darryl Schmidt sold 2,420 shares of the firm’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $55.00, for a total value of $133,100.00. Following the transaction, the insider now owns 2,420 shares of the company’s stock, valued at approximately $133,100. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders have sold a total of 4,500 shares of company stock worth $249,700 in the last three months. Insiders own 42.32% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP increased its position in shares of BancFirst by 102.0% in the third quarter. Dimensional Fund Advisors LP now owns 1,115,778 shares of the bank’s stock valued at $63,320,000 after acquiring an additional 563,314 shares during the last quarter. Vanguard Group Inc. increased its holdings in BancFirst by 1.3% in the second quarter. Vanguard Group Inc. now owns 803,896 shares of the bank’s stock valued at $77,657,000 after purchasing an additional 10,658 shares during the period. Janus Henderson Group PLC increased its holdings in BancFirst by 121.2% in the third quarter. Janus Henderson Group PLC now owns 523,227 shares of the bank’s stock valued at $29,693,000 after purchasing an additional 286,641 shares during the period. JPMorgan Chase & Co. increased its holdings in BancFirst by 102.5% in the third quarter. JPMorgan Chase & Co. now owns 446,497 shares of the bank’s stock valued at $25,339,000 after purchasing an additional 226,044 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in BancFirst by 96.1% in the third quarter. Bank of New York Mellon Corp now owns 291,173 shares of the bank’s stock valued at $16,525,000 after purchasing an additional 142,674 shares during the period. Institutional investors own 33.05% of the company’s stock.
BancFirst (NASDAQ BANF) opened at $56.80 on Friday. BancFirst has a 52-week low of $40.63 and a 52-week high of $61.05. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $1,810.22, a P/E ratio of 21.51, a P/E/G ratio of 2.07 and a beta of 0.56.
The company also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.84 dividend on an annualized basis and a yield of 1.48%. BancFirst’s dividend payout ratio (DPR) is currently 31.82%.
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BancFirst 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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