BancFirst (NASDAQ:BANF) Issues Earnings Results

BancFirst (NASDAQ:BANF) posted its quarterly earnings data on Thursday. The bank reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.58 by $0.09, Zacks reports. The firm had revenue of $164.84 million during the quarter, compared to analysts’ expectations of $161.72 million. BancFirst had a net margin of 23.52% and a return on equity of 14.21%.

BancFirst Price Performance

BancFirst stock opened at $109.54 on Friday. The firm has a market capitalization of $3.64 billion, a P/E ratio of 17.01 and a beta of 0.82. The business has a 50-day moving average of $111.62 and a 200-day moving average of $115.58. 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 1 year low of $81.35 and a 1 year high of $132.29.

BancFirst Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend was Monday, March 31st. BancFirst’s payout ratio is 28.57%.

Insider Buying and Selling

In other news, EVP Darryl Schmidt sold 5,000 shares of BancFirst stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $122.06, for a total transaction of $610,300.00. Following the transaction, the executive vice president now directly owns 43,564 shares of the company’s stock, valued at $5,317,421.84. This trade represents a 10.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director William Scott Martin sold 10,000 shares of the company’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $119.13, for a total transaction of $1,191,300.00. Following the completion of the sale, the director now owns 214,499 shares of the company’s stock, valued at approximately $25,553,265.87. This represents a 4.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,000 shares of company stock valued at $2,994,350 in the last 90 days. 33.89% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded BancFirst from a “sell” rating to a “hold” rating in a research report on Monday.

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.