BancFirst Co. (NASDAQ:BANF - Get Free Report) announced a quarterly dividend on Thursday, May 22nd, Wall Street Journal reports. Stockholders of record on Monday, June 30th will be paid a dividend of 0.46 per share by the bank on Tuesday, July 15th. This represents a $1.84 annualized dividend and a dividend yield of 1.49%. The ex-dividend date is Monday, June 30th.
BancFirst has increased its dividend payment by an average of 8.3% annually over the last three years and has increased its dividend every year for the last 31 years. BancFirst has a payout ratio of 27.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect BancFirst to earn $6.10 per share next year, which means the company should continue to be able to cover its $1.84 annual dividend with an expected future payout ratio of 30.2%.
BancFirst Stock Performance
BancFirst stock traded down $0.46 during mid-day trading on Friday, reaching $123.58. The company's stock had a trading volume of 110,118 shares, compared to its average volume of 105,081. The firm's fifty day moving average price is $116.31 and its two-hundred day moving average price is $118.13. The company has a market capitalization of $4.11 billion, a P/E ratio of 19.19 and a beta of 0.78. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.98 and a current ratio of 0.98. BancFirst has a 12-month low of $81.56 and a 12-month high of $132.29.
BancFirst (NASDAQ:BANF - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The bank reported $1.67 EPS for the quarter, beating analysts' consensus estimates of $1.58 by $0.09. The firm had revenue of $164.84 million during the quarter, compared to analyst estimates of $161.72 million. BancFirst had a net margin of 23.52% and a return on equity of 14.21%. Sell-side analysts predict that BancFirst will post 6.52 EPS for the current fiscal year.
Insiders Place Their Bets
In related news, EVP Randy Foraker sold 4,000 shares of the business's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $126.61, for a total transaction of $506,440.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director F Ford Drummond sold 5,000 shares of the business's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $124.12, for a total transaction of $620,600.00. Following the transaction, the director now owns 6,000 shares in the company, valued at $744,720. This represents a 45.45% decrease in their position. The disclosure for this sale can be found here. 32.43% of the stock is currently owned by insiders.
Institutional Investors Weigh In On BancFirst
Hedge funds and other institutional investors have recently bought and sold shares of the business. Advisors Asset Management Inc. grew its holdings in shares of BancFirst by 108.6% during the first quarter. Advisors Asset Management Inc. now owns 559 shares of the bank's stock valued at $61,000 after buying an additional 291 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of BancFirst by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,844 shares of the bank's stock valued at $1,301,000 after purchasing an additional 505 shares during the period. Jane Street Group LLC bought a new stake in shares of BancFirst during the 1st quarter valued at $3,646,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in BancFirst by 8.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 46,396 shares of the bank's stock valued at $5,098,000 after acquiring an additional 3,433 shares in the last quarter. Hedge funds and other institutional investors own 51.72% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on BANF shares. Wall Street Zen raised shares of BancFirst from a "sell" rating to a "hold" rating in a report on Monday, May 12th. Keefe, Bruyette & Woods raised shares of BancFirst to a "hold" rating in a report on Monday, May 26th.
Read Our Latest Stock Analysis on BancFirst
About BancFirst
(
Get Free Report)
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.
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