BancFirst Co. (NASDAQ:BANF - Free Report) - Equities researchers at DA Davidson issued their Q2 2024 earnings per share (EPS) estimates for shares of BancFirst in a research report issued on Monday, April 22nd. DA Davidson analyst G. Tenner expects that the bank will post earnings of $1.46 per share for the quarter. DA Davidson 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 Trading Up 1.2 %
BancFirst stock traded up $1.08 during trading hours on Tuesday, reaching $92.36. The company had a trading volume of 92,132 shares, compared to its average volume of 63,398. 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 50-day moving average price of $86.65 and a 200 day moving average price of $88.18. The firm has a market cap of $3.04 billion, a price-to-earnings ratio of 15.09 and a beta of 1.09. BancFirst has a 12-month low of $68.44 and a 12-month high of $104.00.
Hedge Funds Weigh In On BancFirst
A number of hedge funds have recently bought and sold shares of BANF. GAMMA Investing LLC purchased a new position in BancFirst in the 4th quarter worth about $25,000. Covestor Ltd raised its position in BancFirst by 13.9% in the 3rd quarter. Covestor Ltd now owns 1,250 shares of the bank's stock worth $108,000 after buying an additional 153 shares during the last quarter. National Bank of Canada FI purchased a new position in BancFirst in the 3rd quarter worth about $140,000. D.A. Davidson & CO. purchased a new position in BancFirst in the 4th quarter worth about $216,000. Finally, Pathstone Family Office LLC purchased a new position in BancFirst in the 3rd quarter worth about $219,000. Hedge funds and other institutional investors own 51.72% of the company's stock.
Insiders Place Their Bets
In other BancFirst news, EVP Dennis Jay Hannah sold 4,000 shares of BancFirst stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $88.45, for a total value of $353,800.00. Following the transaction, the executive vice president now directly owns 28,714 shares of the company's stock, valued at approximately $2,539,753.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Kevin Lawrence sold 1,529 shares of BancFirst stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $88.00, for a total value of $134,552.00. Following the completion of the transaction, the executive vice president now owns 10,000 shares of the company's stock, valued at approximately $880,000. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Dennis Jay Hannah sold 4,000 shares of the business's stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $88.45, for a total value of $353,800.00. Following the completion of the transaction, the executive vice president now directly owns 28,714 shares of the company's stock, valued at approximately $2,539,753.30. The disclosure for this sale can be found here. Insiders have sold 19,000 shares of company stock valued at $1,678,510 in the last ninety days. Company insiders own 33.89% of the company's stock.
BancFirst Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a $0.43 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.72 dividend on an annualized basis and a yield of 1.86%. BancFirst's dividend payout ratio (DPR) is currently 28.10%.
About BancFirst
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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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