BancFirst Co. (NASDAQ:BANF) declared a quarterly dividend on Thursday, May 23rd, Zacks reports. Shareholders of record on Friday, June 28th will be paid a dividend of 0.30 per share by the bank on Monday, July 15th. This represents a $1.20 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date of this dividend is Thursday, June 27th.
BancFirst has raised its dividend by an average of 10.5% per year over the last three years and has raised its dividend annually for the last 17 consecutive years. BancFirst has a dividend payout ratio of 32.7% meaning its dividend is sufficiently covered by earnings. Analysts expect BancFirst to earn $4.01 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 29.9%.
BancFirst stock traded up $0.18 during trading hours on Tuesday, reaching $55.00. The company had a trading volume of 627 shares, compared to its average volume of 67,761. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a 50-day simple moving average of $55.45. The stock has a market cap of $1.81 billion, a price-to-earnings ratio of 14.39, a price-to-earnings-growth ratio of 2.03 and a beta of 0.83. BancFirst has a 12-month low of $48.07 and a 12-month high of $65.70.
A number of research analysts have recently issued reports on BANF shares. BidaskClub raised BancFirst from a “strong sell” rating to a “sell” rating in a report on Saturday, May 4th. Zacks Investment Research raised BancFirst from a “hold” rating to a “buy” rating and set a $63.00 price target on the stock in a report on Tuesday, April 23rd. Finally, ValuEngine downgraded BancFirst from a “hold” rating to a “sell” rating in a report on Wednesday, March 6th.
In other BancFirst news, Director Ronald J. Norick purchased 2,000 shares of the stock in a transaction dated Tuesday, May 28th. The shares were purchased at an average cost of $53.74 per share, with a total value of $107,480.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 38.27% of the company’s stock.
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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