BancFirst Co. (NASDAQ:BANF) to Post Q2 2024 Earnings of $1.46 Per Share, DA Davidson Forecasts

BancFirst Co. (NASDAQ:BANF) – Equities researchers at DA Davidson issued their Q2 2024 earnings per share estimates for shares of BancFirst in a research note issued to investors on Monday, April 22nd. DA Davidson analyst G. Tenner forecasts that the bank will post earnings per share of $1.46 for the quarter. DA Davidson currently has a “Neutral” rating and a $92.00 price objective on the stock. The consensus estimate for BancFirst’s current full-year earnings is $5.66 per share. DA Davidson also issued estimates for BancFirst’s FY2025 earnings at $5.48 EPS.

BancFirst Trading Down 0.9 %

Shares of BANF stock opened at $91.57 on Tuesday. The stock’s fifty day moving average price is $86.65 and its two-hundred day moving average price is $88.18. The company has a market cap of $3.02 billion, a PE ratio of 14.96 and a beta of 1.09. BancFirst has a fifty-two week low of $68.44 and a fifty-two week high of $104.00. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.95 and a current ratio of 0.95.

BancFirst Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date was Wednesday, March 27th. BancFirst’s dividend payout ratio is presently 28.10%.

Insider Buying and Selling at BancFirst

In related news, EVP Dennis Jay Hannah sold 4,000 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $88.45, for a total transaction of $353,800.00. Following the sale, the executive vice president now owns 28,714 shares of the company’s stock, valued at approximately $2,539,753.30. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, EVP Kevin Lawrence sold 7,312 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $88.00, for a total transaction of $643,456.00. Following the sale, the executive vice president now owns 10,000 shares of the company’s stock, valued at approximately $880,000. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Dennis Jay Hannah sold 4,000 shares of the firm’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $88.45, for a total value of $353,800.00. Following the sale, the executive vice president now directly owns 28,714 shares in the company, valued at approximately $2,539,753.30. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,300 shares of company stock valued at $1,706,128. 33.89% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Inspire Investing LLC lifted its holdings in BancFirst by 3.7% during the 3rd quarter. Inspire Investing LLC now owns 3,541 shares of the bank’s stock worth $307,000 after buying an additional 126 shares during the period. Diversified Trust Co lifted its holdings in BancFirst by 4.0% during the 4th quarter. Diversified Trust Co now owns 3,869 shares of the bank’s stock worth $377,000 after buying an additional 150 shares during the period. Covestor Ltd lifted its holdings in BancFirst by 13.9% during the 3rd quarter. Covestor Ltd now owns 1,250 shares of the bank’s stock worth $108,000 after buying an additional 153 shares during the period. Alps Advisors Inc. lifted its holdings in BancFirst by 5.2% during the 3rd quarter. Alps Advisors Inc. now owns 3,841 shares of the bank’s stock worth $333,000 after buying an additional 191 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in BancFirst by 3.7% during the 3rd quarter. Victory Capital Management Inc. now owns 7,911 shares of the bank’s stock worth $686,000 after buying an additional 282 shares during the period. 51.72% of the stock is owned by institutional investors and hedge funds.

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.