BancFirst Corporation to Issue Quarterly Dividend of $0.49 (NASDAQ:BANF)

BancFirst Corporation (NASDAQ:BANF) announced a quarterly dividend on Friday, February 27th, NASDAQ Dividends reports. Investors of record on Tuesday, March 31st will be given a dividend of 0.49 per share by the bank on Wednesday, April 15th. This represents a c) annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Tuesday, March 31st.

BancFirst has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 31 years. BancFirst has a payout ratio of 29.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect BancFirst to earn $6.10 per share next year, which means the company should continue to be able to cover its $1.96 annual dividend with an expected future payout ratio of 32.1%.

BancFirst Price Performance

Shares of NASDAQ:BANF opened at $106.72 on Friday. BancFirst has a fifty-two week low of $97.02 and a fifty-two week high of $138.77. The business has a 50-day simple moving average of $111.66 and a two-hundred day simple moving average of $114.19. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market cap of $3.58 billion, a price-to-earnings ratio of 14.99 and a beta of 0.65.

BancFirst (NASDAQ:BANF) last announced its quarterly earnings results on Thursday, January 22nd. The bank reported $1.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). BancFirst had a net margin of 25.05% and a return on equity of 13.68%. The company had revenue of $181.00 million for the quarter, compared to analysts’ expectations of $173.76 million. On average, analysts expect that BancFirst will post 6.52 earnings per share for the current year.

About BancFirst

BancFirst Corporation is a regional banking holding company based in Oklahoma City, Oklahoma. As the largest state?chartered bank in Oklahoma, BancFirst offers a comprehensive suite of financial services to individuals, businesses and government entities. Its core business activities include commercial and consumer banking, mortgage lending, treasury management, equipment financing and electronic banking solutions.

The bank operates a network of more than 60 branches across Oklahoma, serving urban centers such as Oklahoma City and Tulsa, as well as rural communities throughout the state.