BancFirst Co. (NASDAQ:BANF) Plans Quarterly Dividend of $0.46

BancFirst Co. (NASDAQ:BANF) announced a quarterly dividend on Thursday, February 27th, Wall Street Journal reports. Shareholders of record on Monday, March 31st will be given a dividend of 0.46 per share by the bank on Tuesday, April 15th. This represents a $1.84 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend is Monday, March 31st.

BancFirst has increased its dividend by an average of 8.3% annually over the last three years and has raised its dividend annually for the last 31 consecutive years. BancFirst has a dividend payout ratio of 28.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect BancFirst to earn $6.10 per share next year, which means the company should continue to be able to cover its $1.84 annual dividend with an expected future payout ratio of 30.2%.

BancFirst Stock Down 1.7 %

Shares of NASDAQ BANF opened at $109.51 on Friday. The business has a 50-day moving average of $116.26 and a 200-day moving average of $115.69. The firm has a market capitalization of $3.64 billion, a price-to-earnings ratio of 17.00 and a beta of 1.03. 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 12 month low of $81.21 and a 12 month high of $132.29.

BancFirst (NASDAQ:BANF) last issued its quarterly earnings results on Thursday, January 23rd. The bank reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.07. BancFirst had a net margin of 23.52% and a return on equity of 14.21%. Sell-side analysts expect that BancFirst will post 6.52 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other BancFirst news, Director William Scott Martin sold 10,000 shares of BancFirst stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $119.13, for a total value of $1,191,300.00. Following the transaction, the director now directly owns 214,499 shares of the company’s stock, valued at $25,553,265.87. The trade was a 4.45 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director F Ford Drummond sold 5,000 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $120.58, for a total value of $602,900.00. Following the sale, the director now directly owns 6,000 shares of the company’s stock, valued at approximately $723,480. This trade represents a 45.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 25,000 shares of company stock valued at $2,994,350 over the last three months. Insiders own 33.89% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on BANF shares. Keefe, Bruyette & Woods lifted 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. StockNews.com upgraded BancFirst from a “sell” rating to a “hold” rating in a research report on Monday, March 3rd.

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