$0.93 EPS Expected for BancFirst Co. (BANF) This Quarter

Wall Street analysts forecast that BancFirst Co. (NASDAQ:BANF) will post earnings of $0.93 per share for the current quarter, Zacks reports. Three analysts have provided estimates for BancFirst’s earnings. The highest EPS estimate is $0.94 and the lowest is $0.90. BancFirst reported earnings of $0.66 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 40.9%. The company is scheduled to issue its next earnings results on Thursday, January 17th.

On average, analysts expect that BancFirst will report full-year earnings of $3.78 per share for the current fiscal year. For the next financial year, analysts forecast that the business will report earnings of $3.79 per share, with EPS estimates ranging from $3.70 to $3.86. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow BancFirst.

BancFirst (NASDAQ:BANF) last issued its earnings results on Friday, October 19th. The bank reported $0.98 EPS for the quarter, topping the consensus estimate of $0.92 by $0.06. BancFirst had a net margin of 27.17% and a return on equity of 13.90%. The company had revenue of $98.47 million for the quarter, compared to the consensus estimate of $96.77 million.

BANF has been the topic of several analyst reports. BidaskClub raised shares of BancFirst from a “sell” rating to a “hold” rating in a research note on Thursday, August 16th. ValuEngine downgraded shares of BancFirst from a “hold” rating to a “sell” rating in a research report on Monday, September 17th. Finally, Zacks Investment Research downgraded shares of BancFirst from a “buy” rating to a “hold” rating in a research report on Wednesday, September 19th.

Shares of NASDAQ BANF traded up $0.23 during mid-day trading on Friday, hitting $52.71. The stock had a trading volume of 51,731 shares, compared to its average volume of 37,304. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.04. BancFirst has a 1 year low of $50.80 and a 1 year high of $65.70. The company has a market cap of $1.72 billion, a price-to-earnings ratio of 19.38, a PEG ratio of 1.99 and a beta of 0.69.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Monday, December 31st will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date of this dividend is Friday, December 28th. BancFirst’s payout ratio is currently 44.12%.

In other BancFirst news, insider David Seat sold 528 shares of the business’s stock in a transaction on Thursday, September 13th. The shares were sold at an average price of $61.25, for a total transaction of $32,340.00. Following the transaction, the insider now directly owns 8,028 shares of the company’s stock, valued at approximately $491,715. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 42.32% of the stock is currently owned by insiders.

A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. increased its position in BancFirst by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 1,816,854 shares of the bank’s stock valued at $108,921,000 after purchasing an additional 31,758 shares during the period. BlackRock Inc. grew its position in shares of BancFirst by 3.4% in the 3rd quarter. BlackRock Inc. now owns 1,264,137 shares of the bank’s stock worth $75,786,000 after buying an additional 41,211 shares during the period. Dimensional Fund Advisors LP grew its position in shares of BancFirst by 2.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,169,077 shares of the bank’s stock worth $69,210,000 after buying an additional 29,538 shares during the period. Janus Henderson Group PLC grew its position in shares of BancFirst by 12.2% in the 2nd quarter. Janus Henderson Group PLC now owns 652,437 shares of the bank’s stock worth $38,624,000 after buying an additional 70,732 shares during the period. Finally, Northern Trust Corp grew its position in shares of BancFirst by 4.2% in the 2nd quarter. Northern Trust Corp now owns 526,859 shares of the bank’s stock worth $31,191,000 after buying an additional 21,306 shares during the period. 33.87% of the stock is currently owned by institutional investors and hedge funds.

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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Earnings History and Estimates for BancFirst (NASDAQ:BANF)

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