DA Davidson Weighs in on BancFirst Co.'s FY2024 Earnings (NASDAQ:BANF)

BancFirst Co. (NASDAQ:BANF - Free Report) - Equities researchers at DA Davidson lifted their FY2024 earnings per share (EPS) estimates for BancFirst in a note issued to investors on Monday, April 22nd. DA Davidson analyst G. Tenner now forecasts that the bank will earn $5.84 per share for the year, up from their prior estimate of $5.44. 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 $5.66 per share.

BancFirst Trading Down 0.9 %

NASDAQ:BANF traded down $0.79 during trading hours on Wednesday, reaching $91.57. 94,092 shares of the stock were exchanged, compared to its average volume of 63,786. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.06. The business has a 50-day moving average of $86.65 and a two-hundred day moving average of $88.18. BancFirst has a twelve month low of $68.44 and a twelve month high of $104.00. The company has a market capitalization of $3.02 billion, a price-to-earnings ratio of 14.96 and a beta of 1.09.

Institutional Trading of BancFirst

Large investors have recently modified their holdings of the stock. GAMMA Investing LLC acquired a new stake in BancFirst in the fourth quarter valued at $25,000. Global Retirement Partners LLC acquired a new stake in BancFirst in the first quarter valued at $35,000. Covestor Ltd raised its stake in BancFirst by 13.9% in the third quarter. Covestor Ltd now owns 1,250 shares of the bank's stock valued at $108,000 after buying an additional 153 shares in the last quarter. National Bank of Canada FI acquired a new stake in BancFirst in the third quarter valued at $140,000. Finally, D.A. Davidson & CO. acquired a new stake in BancFirst in the fourth quarter valued at $216,000. 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 300 shares of the company's stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $92.06, for a total transaction of $27,618.00. Following the transaction, the executive vice president now directly owns 18,414 shares in the company, valued at $1,695,192.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Kevin Lawrence sold 1,529 shares of the company's stock in a transaction on 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 owns 10,000 shares of the company's stock, valued at $880,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Dennis Jay Hannah sold 300 shares of the company's stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $92.06, for a total value of $27,618.00. Following the sale, the executive vice president now directly owns 18,414 shares in the company, valued at approximately $1,695,192.84. The disclosure for this sale can be found here. Insiders have sold 19,300 shares of company stock worth $1,706,128 over the last ninety days. Corporate insiders own 33.89% of the company's stock.

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. This represents a $1.72 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend was Wednesday, March 27th. BancFirst's dividend payout ratio (DPR) is 28.10%.

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.