Analysts Expect BancFirst Co. (BANF) to Post $0.93 EPS

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Shares of BancFirst Co. (NASDAQ:BANF) have received a consensus broker rating score of 3.00 (Hold) from the three brokers that provide coverage for the company, Zacks Investment Research reports. Three analysts have rated the stock with a hold rating.

Brokers have set a twelve-month consensus price target of $61.00 for the company and are predicting that the company will post $0.93 earnings per share for the current quarter, according to Zacks. Zacks has also assigned BancFirst an industry rank of 191 out of 256 based on the ratings given to its competitors.

A number of brokerages recently weighed in on BANF. Zacks Investment Research raised shares of BancFirst from a “hold” rating to a “buy” rating and set a $64.00 price target for the company in a research report on Tuesday, October 23rd. BidaskClub cut shares of BancFirst from a “sell” rating to a “strong sell” rating in a research report on Tuesday, September 18th. Finally, ValuEngine raised shares of BancFirst from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 2nd.

BancFirst stock traded up $0.20 on Wednesday, hitting $51.88. The company’s stock had a trading volume of 8,077 shares, compared to its average volume of 44,412. The firm has a market capitalization of $1.71 billion, a PE ratio of 19.07, a price-to-earnings-growth ratio of 1.97 and a beta of 0.77. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.02 and a quick ratio of 1.02. BancFirst has a one year low of $48.07 and a one year high of $65.70.

BancFirst (NASDAQ:BANF) last announced its quarterly earnings results on Friday, October 19th. The bank reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.06. The company had revenue of $98.47 million for the quarter, compared to the consensus estimate of $96.77 million. BancFirst had a return on equity of 13.90% and a net margin of 27.17%. Analysts predict that BancFirst will post 3.76 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Monday, December 31st will be issued a $0.30 dividend. The ex-dividend date is Friday, December 28th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.31%. BancFirst’s payout ratio is 44.12%.

Several large investors have recently made changes to their positions in the company. Rhumbline Advisers raised its holdings in shares of BancFirst by 5.4% in the second quarter. Rhumbline Advisers now owns 20,608 shares of the bank’s stock valued at $1,220,000 after buying an additional 1,065 shares during the last quarter. MetLife Investment Advisors LLC raised its holdings in BancFirst by 17.5% during the second quarter. MetLife Investment Advisors LLC now owns 8,433 shares of the bank’s stock worth $499,000 after purchasing an additional 1,255 shares in the last quarter. Crawford Investment Counsel Inc. raised its holdings in BancFirst by 2.1% during the third quarter. Crawford Investment Counsel Inc. now owns 72,742 shares of the bank’s stock worth $4,361,000 after purchasing an additional 1,500 shares in the last quarter. Zebra Capital Management LLC raised its holdings in BancFirst by 17.0% during the second quarter. Zebra Capital Management LLC now owns 10,721 shares of the bank’s stock worth $635,000 after purchasing an additional 1,555 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its holdings in BancFirst by 1.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 134,491 shares of the bank’s stock worth $7,962,000 after purchasing an additional 1,710 shares in the last quarter. 33.87% of the stock is owned by institutional investors and hedge funds.

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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