BancFirst (NASDAQ:BANF) Issues Earnings Results

BancFirst (NASDAQ:BANF) posted its earnings results on Thursday. The bank reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.07, Zacks reports. BancFirst had a return on equity of 13.92% and a net margin of 23.52%.

BancFirst Trading Up 0.4 %

BANF opened at $121.24 on Friday. The firm’s fifty day simple moving average is $121.53 and its 200 day simple moving average is $111.10. The stock has a market capitalization of $4.02 billion, a P/E ratio of 19.49 and a beta of 1.06. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend was Tuesday, December 31st. BancFirst’s dividend payout ratio is 29.58%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on BANF. DA Davidson boosted their price objective on shares of BancFirst from $104.00 to $110.00 and gave the company a “neutral” rating in a report on Monday, October 21st. StockNews.com raised shares of BancFirst from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. Finally, Keefe, Bruyette & Woods raised their price objective on BancFirst from $117.00 to $135.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th.

Insider Buying and Selling at BancFirst

In related news, EVP Dennis Jay Hannah sold 10,543 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $126.58, for a total transaction of $1,334,532.94. Following the completion of the transaction, the executive vice president now directly owns 1,564 shares of the company’s stock, valued at approximately $197,971.12. This represents a 87.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director William Scott Martin sold 5,000 shares of the business’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $113.50, for a total transaction of $567,500.00. Following the transaction, the director now owns 306,904 shares in the company, valued at approximately $34,833,604. The trade was a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 118,869 shares of company stock valued at $14,309,535 in the last 90 days. 33.89% of the stock is currently owned by company insiders.

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.