BancFirst Co. (NASDAQ:BANF) announced a quarterly dividend on Monday, February 27th. Shareholders of record on Friday, March 31st will be given a dividend of 0.38 per share by the bank on Friday, April 14th. This represents a $1.52 annualized dividend and a yield of 1.71%. The ex-dividend date is Wednesday, March 29th.
BancFirst has increased its dividend payment by an average of 34.5% annually over the last three years and has increased its dividend annually for the last 15 consecutive years. BancFirst has a dividend payout ratio of 32.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect BancFirst to earn $4.89 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 31.1%.
BancFirst (NASDAQ:BANF) traded up 5.50% during mid-day trading on Thursday, reaching $94.00. The company’s stock had a trading volume of 60,814 shares. The stock has a market cap of $1.49 billion, a P/E ratio of 21.17 and a beta of 0.68. The firm’s 50 day moving average is $90.50 and its 200-day moving average is $87.02. BancFirst has a one year low of $56.30 and a one year high of $98.35.
BancFirst (NASDAQ:BANF) last issued its earnings results on Thursday, January 19th. The bank reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.03. BancFirst had a net margin of 21.02% and a return on equity of 10.43%. The business earned $78.98 million during the quarter, compared to analysts’ expectations of $78.25 million. Equities analysts expect that BancFirst will post $4.64 earnings per share for the current fiscal year.
In other news, insider Darryl Schmidt sold 3,983 shares of the firm’s stock in a transaction on Wednesday, January 25th. The shares were sold at an average price of $94.75, for a total value of $377,389.25. Following the completion of the sale, the insider now owns 11,483 shares in the company, valued at approximately $1,088,014.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Karen James sold 7,500 shares of the firm’s stock in a transaction on Friday, January 20th. The stock was sold at an average price of $95.00, for a total transaction of $712,500.00. Following the completion of the sale, the insider now owns 7,618 shares of the company’s stock, valued at approximately $723,710. The disclosure for this sale can be found here. In the last quarter, insiders have sold 47,059 shares of company stock valued at $4,468,685. 44.97% of the stock is owned by company insiders.
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Separately, Zacks Investment Research upgraded shares of BancFirst from a “hold” rating to a “buy” rating and set a $104.00 target price for the company in a report on Monday, December 26th.
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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