BancFirst Co. (NASDAQ:BANF) Plans $0.46 Quarterly Dividend

BancFirst Co. (NASDAQ:BANF - Get Free Report) declared 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 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date is Monday, June 30th.

BancFirst has raised its dividend payment by an average of 8.3% annually over the last three years and has raised its dividend annually for the last 31 consecutive years. BancFirst has a payout ratio of 27.4% indicating that its dividend is sufficiently covered by earnings. Equities research 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

Shares of NASDAQ BANF traded down $0.46 during trading hours on Friday, reaching $123.58. The stock had a trading volume of 110,118 shares, compared to its average volume of 105,081. The business's fifty day moving average is $116.31 and its two-hundred day moving average is $118.13. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market cap of $4.11 billion, a price-to-earnings ratio of 19.19 and a beta of 0.78. BancFirst has a twelve month low of $81.56 and a twelve month high of $132.29.

BancFirst (NASDAQ:BANF - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The bank reported $1.67 earnings per share for the quarter, beating analysts' consensus estimates of $1.58 by $0.09. BancFirst had a return on equity of 14.21% and a net margin of 23.52%. The firm had revenue of $164.84 million for the quarter, compared to analysts' expectations of $161.72 million. As a group, research analysts expect that BancFirst will post 6.52 EPS for the current year.

Insiders Place Their Bets

In other news, Director F Ford Drummond sold 5,000 shares of BancFirst stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $124.12, for a total transaction of $620,600.00. Following the completion of the transaction, the director now directly owns 6,000 shares in the company, valued at approximately $744,720. The trade was a 45.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Randy Foraker sold 4,000 shares of the business's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $126.61, for a total value of $506,440.00. The disclosure for this sale can be found here. Insiders own 32.43% of the company's stock.

Hedge Funds Weigh In On BancFirst

A number of institutional investors and hedge funds have recently bought and sold shares of BANF. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of BancFirst by 8.0% during the 1st 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 purchasing an additional 3,433 shares in the last quarter. Jane Street Group LLC bought a new position in shares of BancFirst in the first quarter worth $3,646,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of BancFirst by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,844 shares of the bank's stock worth $1,301,000 after acquiring an additional 505 shares during the period. Finally, Advisors Asset Management Inc. increased its stake in BancFirst by 108.6% in the 1st quarter. Advisors Asset Management Inc. now owns 559 shares of the bank's stock worth $61,000 after acquiring an additional 291 shares during the last quarter. Institutional investors and hedge funds own 51.72% of the company's stock.

Wall Street Analyst Weigh In

BANF has been the topic of several recent research reports. Wall Street Zen upgraded BancFirst from a "sell" rating to a "hold" rating in a report on Monday, May 12th. Keefe, Bruyette & Woods raised BancFirst to a "hold" rating in a research report on Monday, May 26th.

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.