BancFirst Co. (BANF) Expected to Post Earnings of $0.91 Per Share

Equities analysts expect BancFirst Co. (NASDAQ:BANF) to report $0.91 earnings per share for the current quarter, according to Zacks. Three analysts have provided estimates for BancFirst’s earnings. The highest EPS estimate is $0.93 and the lowest is $0.90. BancFirst posted earnings of $0.67 per share during the same quarter last year, which suggests a positive year over year growth rate of 35.8%. The company is scheduled to report its next earnings report on Thursday, October 18th.

On average, analysts expect that BancFirst will report full year earnings of $3.68 per share for the current year, with EPS estimates ranging from $3.65 to $3.71. For the next fiscal year, analysts anticipate that the company will post earnings of $3.75 per share, with EPS estimates ranging from $3.65 to $3.89. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that cover BancFirst.

BancFirst (NASDAQ:BANF) last announced its earnings results on Friday, July 20th. The bank reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.06. BancFirst had a return on equity of 13.04% and a net margin of 25.59%. The firm had revenue of $95.32 million during the quarter, compared to analyst estimates of $94.26 million.

A number of research analysts recently weighed in on the company. Zacks Investment Research raised BancFirst from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a research report on Monday, July 23rd. BidaskClub lowered BancFirst from a “hold” rating to a “sell” rating in a research report on Thursday, August 30th.

BANF stock traded down $0.25 on Friday, reaching $63.25. 31,200 shares of the company traded hands, compared to its average volume of 41,798. BancFirst has a one year low of $48.60 and a one year high of $65.70. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.04. The firm has a market cap of $2.09 billion, a PE ratio of 23.31, a price-to-earnings-growth ratio of 1.74 and a beta of 0.67.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Friday, September 28th will be paid a $0.30 dividend. This is an increase from BancFirst’s previous quarterly dividend of $0.21. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date is Thursday, September 27th. BancFirst’s dividend payout ratio (DPR) is 30.88%.

In other news, insider Mark Gish sold 1,500 shares of the firm’s stock in a transaction on Wednesday, July 25th. The stock was sold at an average price of $63.86, for a total value of $95,790.00. Following the transaction, the insider now directly owns 1,000 shares in the company, valued at approximately $63,860. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Kevin Lawrence sold 1,250 shares of BancFirst stock in a transaction on Wednesday, September 5th. The shares were sold at an average price of $64.00, for a total value of $80,000.00. Following the transaction, the insider now owns 1,250 shares in the company, valued at $80,000. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,750 shares of company stock worth $495,790. Company insiders own 42.32% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc lifted its position in BancFirst by 14.7% during the first quarter. Legal & General Group Plc now owns 7,010 shares of the bank’s stock valued at $372,000 after purchasing an additional 900 shares in the last quarter. Victory Capital Management Inc. lifted its position in BancFirst by 15.9% during the second quarter. Victory Capital Management Inc. now owns 6,840 shares of the bank’s stock valued at $405,000 after purchasing an additional 937 shares in the last quarter. Rhumbline Advisers lifted its position in BancFirst by 5.4% during the second quarter. Rhumbline Advisers now owns 20,608 shares of the bank’s stock valued at $1,220,000 after purchasing an additional 1,065 shares in the last quarter. Wells Fargo & Company MN lifted its position in BancFirst by 4.3% during the first quarter. Wells Fargo & Company MN now owns 29,535 shares of the bank’s stock valued at $1,568,000 after purchasing an additional 1,213 shares in the last quarter. Finally, John W. Rosenthal Capital Management Inc. raised its holdings in BancFirst by 1.2% during the second quarter. John W. Rosenthal Capital Management Inc. now owns 109,000 shares of the bank’s stock valued at $6,453,000 after acquiring an additional 1,250 shares during the period. Institutional investors own 33.38% of the company’s stock.

About BancFirst

BancFirst Corporation operates as the bank holding company for BancFirst that provides a range of commercial banking services to retail customers, and small to medium-sized businesses. It operates through Metropolitan Banks, Community Banks, and Other Financial Services segments. The company offers checking accounts, negotiable order of withdrawal accounts, savings accounts, money market accounts, sweep accounts, club accounts, individual retirement accounts, and certificates of deposit, as well as overdraft protection and auto draft services.

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