Wall Street brokerages expect BancFirst Co. (NASDAQ:BANF) to report $99.80 million in sales for the current quarter, according to Zacks. Three analysts have issued estimates for BancFirst’s earnings. The lowest sales estimate is $99.60 million and the highest is $99.90 million. BancFirst posted sales of $95.32 million in the same quarter last year, which suggests a positive year over year growth rate of 4.7%. The firm is scheduled to announce its next quarterly earnings results on Thursday, July 18th.
On average, analysts expect that BancFirst will report full year sales of $409.07 million for the current financial year, with estimates ranging from $403.70 million to $413.60 million. For the next year, analysts forecast that the firm will post sales of $434.70 million, with estimates ranging from $416.50 million to $445.00 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for BancFirst.
BancFirst (NASDAQ:BANF) last posted its quarterly earnings data on Thursday, April 18th. The bank reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. BancFirst had a net margin of 29.07% and a return on equity of 14.31%. The company had revenue of $98.90 million during the quarter, compared to analyst estimates of $98.50 million.
A number of analysts have commented on BANF shares. ValuEngine lowered shares of BancFirst from a “hold” rating to a “sell” rating in a research note on Wednesday, March 6th. BidaskClub upgraded BancFirst from a “strong sell” rating to a “sell” rating in a report on Saturday, May 4th. Finally, Zacks Investment Research upgraded BancFirst from a “hold” rating to a “buy” rating and set a $63.00 target price on the stock in a report on Tuesday, April 23rd.
Institutional investors and hedge funds have recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of BancFirst in the 1st quarter valued at about $34,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in BancFirst by 77.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,043 shares of the bank’s stock worth $54,000 after buying an additional 456 shares during the last quarter. Acadian Asset Management LLC acquired a new position in BancFirst in the fourth quarter worth approximately $61,000. SG Americas Securities LLC acquired a new position in BancFirst in the first quarter worth approximately $157,000. Finally, Meeder Asset Management Inc. increased its holdings in BancFirst by 47.3% in the first quarter. Meeder Asset Management Inc. now owns 3,331 shares of the bank’s stock worth $174,000 after buying an additional 1,070 shares during the last quarter. Institutional investors own 34.35% of the company’s stock.
BANF stock traded up $0.39 during mid-day trading on Monday, reaching $54.14. 55,937 shares of the stock traded hands, compared to its average volume of 44,066. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.03. BancFirst has a 52-week low of $48.07 and a 52-week high of $65.70. The firm has a market capitalization of $1.82 billion, a PE ratio of 14.17, a P/E/G ratio of 2.05 and a beta of 0.79.
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. 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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