BancFirst Co. (NASDAQ:BANF) to Post Q2 2024 Earnings of $1.46 Per Share, DA Davidson Forecasts

BancFirst Co. (NASDAQ:BANF) – Analysts at DA Davidson issued their Q2 2024 earnings estimates for shares of BancFirst in a research note issued to investors on Monday, April 22nd. DA Davidson analyst G. Tenner forecasts that the bank will post earnings of $1.46 per share for the quarter. DA Davidson currently has a “Neutral” rating and a $92.00 price target on the stock. The consensus estimate for BancFirst’s current full-year earnings is $5.36 per share. DA Davidson also issued estimates for BancFirst’s FY2025 earnings at $5.48 EPS.

BancFirst Stock Up 1.2 %

Shares of BANF stock opened at $92.36 on Tuesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market cap of $3.04 billion, a price-to-earnings ratio of 15.09 and a beta of 1.09. The stock’s fifty day moving average price is $86.65 and its 200 day moving average price is $88.18. BancFirst has a 1-year low of $68.44 and a 1-year high of $104.00.

BancFirst Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a dividend of $0.43 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.72 annualized dividend and a yield of 1.86%. BancFirst’s payout ratio is presently 28.10%.

Insider Transactions at BancFirst

In other news, EVP Dennis Jay Hannah sold 4,000 shares of the stock in a transaction on Monday, February 12th. The shares were sold at an average price of $88.66, for a total value of $354,640.00. Following the sale, the executive vice president now owns 24,714 shares in the company, valued at $2,191,143.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Kevin Lawrence sold 1,529 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $88.00, for a total transaction of $134,552.00. Following the sale, the executive vice president now directly owns 10,000 shares in the company, valued at approximately $880,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Dennis Jay Hannah sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $88.66, for a total value of $354,640.00. Following the completion of the sale, the executive vice president now directly owns 24,714 shares in the company, valued at $2,191,143.24. The disclosure for this sale can be found here. Insiders sold a total of 19,000 shares of company stock worth $1,678,510 over the last three months. 33.89% of the stock is currently owned by insiders.

Hedge Funds Weigh In On BancFirst

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC purchased a new stake in shares of BancFirst during the fourth quarter worth about $25,000. Global Retirement Partners LLC acquired a new stake in BancFirst in the 1st quarter worth about $35,000. Covestor Ltd increased its stake in BancFirst by 13.9% during the 3rd quarter. Covestor Ltd now owns 1,250 shares of the bank’s stock worth $108,000 after buying an additional 153 shares in the last quarter. National Bank of Canada FI acquired a new position in shares of BancFirst during the third quarter valued at approximately $140,000. Finally, D.A. Davidson & CO. purchased a new position in shares of BancFirst in the fourth quarter valued at approximately $216,000. 51.72% of the stock is owned by hedge funds and other institutional investors.

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. The company operates through BancFirst Metropolitan Banks, BancFirst Community Banks, Pegasus, Worthington, and Other Financial Services segments.