$1.09 EPS Expected for BancFirst Co. (NASDAQ:BANF) This Quarter

Wall Street brokerages expect that BancFirst Co. (NASDAQ:BANFGet Rating) will post earnings of $1.09 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for BancFirst’s earnings. The highest EPS estimate is $1.18 and the lowest is $1.01. BancFirst reported earnings of $1.45 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 24.8%. The company is expected to announce its next earnings results on Monday, January 1st.

On average, analysts expect that BancFirst will report full year earnings of $4.72 per share for the current fiscal year, with EPS estimates ranging from $4.26 to $5.05. For the next year, analysts expect that the company will post earnings of $4.97 per share, with EPS estimates ranging from $4.33 to $5.43. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that cover BancFirst.

BancFirst (NASDAQ:BANFGet Rating) last announced its earnings results on Thursday, April 21st. The bank reported $1.08 EPS for the quarter, beating the consensus estimate of $0.94 by $0.14. BancFirst had a return on equity of 14.00% and a net margin of 38.27%.

Several equities analysts have issued reports on BANF shares. 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. Piper Sandler lowered BancFirst from a “neutral” rating to an “underweight” rating and dropped their price target for the company from $87.00 to $79.00 in a research note on Friday. Finally, StockNews.com started coverage on BancFirst in a research note on Thursday, March 31st. They issued a “hold” rating on the stock.

Shares of BANF stock opened at $83.69 on Friday. The business’s 50 day simple moving average is $82.11 and its 200 day simple moving average is $74.99. BancFirst has a one year low of $53.77 and a one year high of $86.82. The stock has a market capitalization of $2.74 billion, a PE ratio of 17.29 and a beta of 1.18. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.03 and a quick ratio of 1.03.

The company also recently announced a quarterly dividend, which was paid on Friday, April 15th. Stockholders of record on Thursday, March 31st were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date of this dividend was Wednesday, March 30th. BancFirst’s payout ratio is 29.75%.

In related news, EVP Kevin Lawrence sold 21,000 shares of the stock in a transaction on Monday, February 28th. The stock was 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 Securities & Exchange Commission, which is available through this hyperlink. Also, Director William Scott Martin sold 2,500 shares of the stock in a transaction on Tuesday, February 22nd. The shares were 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. 35.70% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Los Angeles Capital Management LLC bought a new position in BancFirst in the 1st quarter valued at $697,000. New York State Common Retirement Fund grew its stake in BancFirst by 18.3% in the 1st quarter. New York State Common Retirement Fund now owns 26,800 shares of the bank’s stock valued at $2,230,000 after purchasing an additional 4,155 shares during the period. Victory Capital Management Inc. grew its stake in BancFirst by 24.7% in the 1st quarter. Victory Capital Management Inc. now owns 10,474 shares of the bank’s stock valued at $856,000 after purchasing an additional 2,077 shares during the period. Denali Advisors LLC grew its stake in BancFirst by 42.7% in the 1st quarter. Denali Advisors LLC now owns 36,400 shares of the bank’s stock valued at $3,029,000 after purchasing an additional 10,900 shares during the period. Finally, Maryland State Retirement & Pension System grew its stake in BancFirst by 1.9% in the 1st quarter. Maryland State Retirement & Pension System now owns 7,642 shares of the bank’s stock valued at $636,000 after purchasing an additional 142 shares during the period. 46.45% of the stock is owned by institutional investors and hedge funds.

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.

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Earnings History and Estimates for BancFirst (NASDAQ:BANF)

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