Brokerages Anticipate BancFirst Co. (NASDAQ:BANF) Will Announce Earnings of $0.93 Per Share

Equities analysts forecast that BancFirst Co. (NASDAQ:BANFGet Rating) will post earnings per share of $0.93 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for BancFirst’s earnings. The highest EPS estimate is $1.00 and the lowest is $0.87. BancFirst posted earnings of $1.27 per share in the same quarter last year, which would suggest a negative year over year growth rate of 26.8%. The business is expected to issue its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that BancFirst will report full-year earnings of $4.10 per share for the current financial year, with EPS estimates ranging from $3.76 to $4.67. For the next fiscal year, analysts forecast that the firm will post earnings of $4.43 per share, with EPS estimates ranging from $3.72 to $5.19. Zacks’ EPS averages are an average based on a survey of sell-side research firms that follow BancFirst.

BancFirst (NASDAQ:BANFGet Rating) last issued its quarterly earnings data on Thursday, January 20th. The bank reported $1.15 EPS for the quarter, beating the consensus estimate of $1.08 by $0.07. BancFirst had a return on equity of 14.75% and a net margin of 33.72%. The company had revenue of $121.59 million for the quarter, compared to analyst estimates of $113.65 million.

BANF has been the topic of several research analyst reports. StockNews.com initiated coverage on BancFirst in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Zacks Investment Research raised BancFirst from a “hold” rating to a “strong-buy” rating and set a $96.00 price target on the stock in a research note on Friday, April 1st.

In other BancFirst news, EVP Kevin Lawrence sold 21,000 shares of the business’s stock in a transaction on Monday, February 28th. The stock was sold at an average price of $78.10, for a total transaction of $1,640,100.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director William Scott Martin sold 2,500 shares of the business’s stock in a transaction on Tuesday, February 22nd. The stock was sold at an average price of $77.73, for a total value of $194,325.00. The disclosure for this sale can be found here. Insiders own 38.45% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Maryland State Retirement & Pension System boosted its stake in BancFirst by 1.9% during the first quarter. Maryland State Retirement & Pension System now owns 7,642 shares of the bank’s stock worth $636,000 after buying an additional 142 shares during the last quarter. PNC Financial Services Group Inc. raised its position in BancFirst by 54.3% in the third quarter. PNC Financial Services Group Inc. now owns 466 shares of the bank’s stock valued at $27,000 after purchasing an additional 164 shares during the period. FinTrust Capital Advisors LLC raised its position in BancFirst by 12.7% in the third quarter. FinTrust Capital Advisors LLC now owns 1,600 shares of the bank’s stock valued at $96,000 after purchasing an additional 180 shares during the period. Public Sector Pension Investment Board raised its position in BancFirst by 0.8% in the fourth quarter. Public Sector Pension Investment Board now owns 38,480 shares of the bank’s stock valued at $2,715,000 after purchasing an additional 300 shares during the period. Finally, Royal Bank of Canada raised its position in BancFirst by 13.3% in the third quarter. Royal Bank of Canada now owns 2,754 shares of the bank’s stock valued at $165,000 after purchasing an additional 323 shares during the period. 42.32% of the stock is currently owned by institutional investors.

BANF traded down $0.10 during trading on Friday, hitting $83.16. The company’s stock had a trading volume of 113,319 shares, compared to its average volume of 142,511. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.07. BancFirst has a twelve month low of $53.77 and a twelve month high of $84.82. The business’s fifty day simple moving average is $80.13 and its 200 day simple moving average is $72.54. The firm has a market capitalization of $2.72 billion, a price-to-earnings ratio of 16.53 and a beta of 1.25.

The company also recently declared a quarterly dividend, which was paid on Friday, April 15th. Stockholders of record on Thursday, March 31st were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date was Wednesday, March 30th. BancFirst’s dividend payout ratio is presently 28.63%.

BancFirst Company Profile (Get Rating)

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, Pegasus Bank, 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.

Featured Articles

Get a free copy of the Zacks research report on BancFirst (BANF)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for BancFirst (NASDAQ:BANF)

Receive News & Ratings for BancFirst Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BancFirst and related companies with MarketBeat.com's FREE daily email newsletter.