BancFirst Co. (NASDAQ:BANF) Plans Quarterly Dividend of $0.46

BancFirst Co. (NASDAQ:BANF) announced a quarterly dividend on Monday, November 25th,Wall Street Journal reports. Investors of record on Tuesday, December 31st will be given a dividend of 0.46 per share by the bank on Wednesday, January 15th. This represents a $1.84 annualized dividend and a yield of 1.44%. The ex-dividend date is Tuesday, December 31st.

BancFirst has increased its dividend by an average of 7.9% per year over the last three years and has raised its dividend every year for the last 31 years. BancFirst has a payout ratio of 29.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect BancFirst to earn $6.12 per share next year, which means the company should continue to be able to cover its $1.84 annual dividend with an expected future payout ratio of 30.1%.

BancFirst Stock Up 1.4 %

BancFirst stock opened at $128.09 on Tuesday. The firm has a market capitalization of $4.24 billion, a price-to-earnings ratio of 20.59 and a beta of 1.02. The firm’s fifty day moving average price is $111.87 and its two-hundred day moving average price is $100.91. BancFirst has a 1-year low of $81.21 and a 1-year high of $132.29. 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 (NASDAQ:BANF) last announced its quarterly earnings results on Thursday, October 17th. The bank reported $1.75 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.18. The business had revenue of $163.67 million for the quarter, compared to analysts’ expectations of $156.70 million. BancFirst had a net margin of 23.52% and a return on equity of 13.92%. On average, equities research analysts predict that BancFirst will post 6.37 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on BANF shares. DA Davidson lifted their target price on BancFirst from $104.00 to $110.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. StockNews.com raised shares of BancFirst from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th.

Insider Activity at BancFirst

In other BancFirst news, Director David E. Rainbolt sold 18,376 shares of the company’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $106.22, for a total value of $1,951,898.72. Following the transaction, the director now directly owns 223,874 shares in the company, valued at $23,779,896.28. This represents a 7.59 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Leslie Jeannine Rainbolt sold 10,371 shares of BancFirst stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $105.02, for a total value of $1,089,162.42. Following the sale, the director now owns 4,944,702 shares of the company’s stock, valued at approximately $519,292,604.04. This trade represents a 0.21 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 181,714 shares of company stock valued at $20,915,712. Corporate insiders own 33.89% of the company’s stock.

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.