Brokerages Expect BancFirst Co. (BANF) to Announce $0.82 EPS
Analysts forecast that BancFirst Co. (NASDAQ:BANF) will post $0.82 earnings per share for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for BancFirst’s earnings, with estimates ranging from $0.79 to $0.85. BancFirst posted earnings per share of $0.68 during the same quarter last year, which suggests a positive year-over-year growth rate of 20.6%. The business is expected to report its next earnings results on Thursday, April 19th.
On average, analysts expect that BancFirst will report full year earnings of $3.38 per share for the current financial year, with EPS estimates ranging from $3.30 to $3.43. For the next year, analysts anticipate that the business will post earnings of $3.54 per share, with EPS estimates ranging from $3.48 to $3.65. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover BancFirst.
BancFirst (NASDAQ:BANF) last issued its earnings results on Friday, January 19th. The bank reported $0.66 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.70 by ($0.04). BancFirst had a net margin of 24.35% and a return on equity of 11.83%. The company had revenue of $91.53 million for the quarter, compared to analysts’ expectations of $86.53 million.
In other news, Director H E. Rainbolt bought 500 shares of BancFirst stock in a transaction on Monday, December 11th. The stock was acquired at an average cost of $53.75 per share, for a total transaction of $26,875.00. Following the completion of the acquisition, the director now owns 606 shares of the company’s stock, valued at approximately $32,572.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Banking Ltd Ptnrshp R sold 10,700 shares of the business’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $56.38, for a total transaction of $603,266.00. Following the completion of the transaction, the insider now owns 10,989,300 shares of the company’s stock, valued at $619,576,734. The disclosure for this sale can be found here. Insiders sold 104,849 shares of company stock valued at $5,875,284 over the last quarter. 42.32% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in BANF. Schwab Charles Investment Management Inc. raised its holdings in BancFirst by 3.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 56,703 shares of the bank’s stock worth $5,478,000 after purchasing an additional 2,071 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of BancFirst by 58.2% during the second quarter. Legal & General Group Plc now owns 2,946 shares of the bank’s stock valued at $286,000 after acquiring an additional 1,084 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of BancFirst by 58.9% during the second quarter. Principal Financial Group Inc. now owns 4,112 shares of the bank’s stock valued at $397,000 after acquiring an additional 1,525 shares in the last quarter. Swiss National Bank increased its holdings in shares of BancFirst by 24.9% during the second quarter. Swiss National Bank now owns 14,559 shares of the bank’s stock valued at $1,406,000 after acquiring an additional 2,900 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of BancFirst by 8.3% during the second quarter. Wells Fargo & Company MN now owns 12,544 shares of the bank’s stock valued at $1,212,000 after acquiring an additional 962 shares in the last quarter. Institutional investors and hedge funds own 33.03% of the company’s stock.
BancFirst (NASDAQ:BANF) traded up $0.80 during trading hours on Tuesday, reaching $53.85. 11,040 shares of the company were exchanged, compared to its average volume of 66,780. BancFirst has a 52 week low of $42.50 and a 52 week high of $61.05. The stock has a market capitalization of $1,727.09, a price-to-earnings ratio of 19.91, a PEG ratio of 1.60 and a beta of 0.68. 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 also recently announced a quarterly dividend, which was paid on Monday, January 15th. Shareholders of record on Friday, December 29th were issued a $0.21 dividend. The ex-dividend date was Thursday, December 28th. This represents a $0.84 dividend on an annualized basis and a yield of 1.56%. BancFirst’s dividend payout ratio is presently 31.70%.
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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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