BancFirst (NASDAQ:BANF) Announces Quarterly Earnings Results, Beats Expectations By $0.07 EPS

BancFirst (NASDAQ:BANF) issued its earnings results on Thursday. The bank reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.07, Zacks reports. BancFirst had a return on equity of 13.92% and a net margin of 23.52%.

BancFirst Stock Performance

BANF stock traded up $0.53 during midday trading on Thursday, reaching $121.24. 119,116 shares of the company’s stock traded hands, compared to its average volume of 109,173. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.05. BancFirst has a 52-week low of $81.21 and a 52-week high of $132.29. The stock has a market cap of $4.02 billion, a P/E ratio of 19.49 and a beta of 1.06. The stock’s 50-day moving average is $121.57 and its 200 day moving average is $111.03.

BancFirst Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $0.46 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.84 annualized dividend and a yield of 1.52%. BancFirst’s dividend payout ratio (DPR) is 29.58%.

Analyst Ratings Changes

A number of research analysts recently weighed in on BANF shares. DA Davidson increased their price objective on shares of BancFirst from $104.00 to $110.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. StockNews.com upgraded shares of BancFirst from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, Keefe, Bruyette & Woods raised their price target on BancFirst from $117.00 to $135.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th.

Insider Transactions at BancFirst

In other BancFirst news, EVP Dennis L. Brand sold 4,000 shares of BancFirst stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $126.50, for a total transaction of $506,000.00. Following the transaction, the executive vice president now owns 33,000 shares of the company’s stock, valued at $4,174,500. The trade was a 10.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Main Street Banking Partners L sold 24,421 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $110.78, for a total transaction of $2,705,358.38. Following the completion of the transaction, the insider now owns 4,910,000 shares of the company’s stock, valued at approximately $543,929,800. The trade was a 0.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 118,869 shares of company stock worth $14,309,535 in the last 90 days. 33.89% of the stock is currently owned by insiders.

BancFirst Company Profile

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. The company operates through BancFirst Metropolitan Banks, BancFirst Community Banks, Pegasus, Worthington, and Other Financial Services segments.