Equities research analysts predict that BancFirst Co. (NASDAQ:BANF – Get Rating) will announce sales of $112.85 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for BancFirst’s earnings. The lowest sales estimate is $112.50 million and the highest is $113.20 million. BancFirst posted sales of $117.14 million during the same quarter last year, which suggests a negative year-over-year growth rate of 3.7%. The company is scheduled to report its next quarterly earnings report on Monday, January 1st.
On average, analysts expect that BancFirst will report full-year sales of $470.05 million for the current fiscal year, with estimates ranging from $467.50 million to $472.60 million. For the next financial year, analysts forecast that the business will post sales of $495.25 million, with estimates ranging from $477.80 million to $512.70 million. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for BancFirst.
BancFirst (NASDAQ:BANF – Get Rating) last released its quarterly earnings results on Thursday, January 20th. The bank reported $1.15 EPS for the quarter, beating the consensus estimate of $1.08 by $0.07. The business had revenue of $121.59 million for the quarter, compared to analyst estimates of $113.65 million. BancFirst had a net margin of 33.72% and a return on equity of 14.75%.
BANF stock opened at $83.18 on Tuesday. The firm has a 50 day simple moving average of $80.13. The firm has a market capitalization of $2.72 billion, a price-to-earnings ratio of 16.54 and a beta of 1.25. BancFirst has a 12 month low of $53.77 and a 12 month high of $84.82. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.07.
The company also recently declared a quarterly dividend, which was paid on Friday, April 15th. Investors of record on Thursday, March 31st were given a $0.36 dividend. The ex-dividend date of this dividend was Wednesday, March 30th. This represents a $1.44 annualized dividend and a dividend yield of 1.73%. BancFirst’s dividend payout ratio (DPR) is presently 28.63%.
In related news, EVP Kevin Lawrence sold 21,000 shares of the firm’s stock in a transaction on Monday, February 28th. The shares were sold at an average price of $78.10, for a total value of $1,640,100.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director William Scott Martin sold 2,500 shares of the firm’s stock in a transaction on Tuesday, February 22nd. The shares were sold at an average price of $77.73, for a total transaction of $194,325.00. The disclosure for this sale can be found here. 37.43% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently modified their holdings of BANF. First Trust Advisors LP boosted its holdings in BancFirst by 18.6% in the 1st quarter. First Trust Advisors LP now owns 70,698 shares of the bank’s stock valued at $3,687,000 after purchasing an additional 11,086 shares during the period. Amundi Pioneer Asset Management Inc. bought a new stake in BancFirst in the 1st quarter valued at $141,000. Royal Bank of Canada boosted its holdings in BancFirst by 39.2% in the 2nd quarter. Royal Bank of Canada now owns 2,431 shares of the bank’s stock valued at $151,000 after purchasing an additional 685 shares during the period. Wells Fargo & Company MN boosted its holdings in BancFirst by 22.6% in the 2nd quarter. Wells Fargo & Company MN now owns 22,526 shares of the bank’s stock valued at $1,406,000 after purchasing an additional 4,150 shares during the period. Finally, Morgan Stanley lifted its holdings in shares of BancFirst by 68.2% during the 2nd quarter. Morgan Stanley now owns 134,717 shares of the bank’s stock worth $8,410,000 after acquiring an additional 54,601 shares during the period. 42.32% of the stock is owned by hedge funds and other institutional investors.
About BancFirst (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.
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