Brokerages Anticipate BancFirst Co. (BANF) to Post $0.82 EPS

Shares of BancFirst Co. (NASDAQ:BANF) have been assigned a consensus broker rating score of 3.00 (Hold) from the three analysts that provide coverage for the stock, Zacks Investment Research reports. Three research analysts have rated the stock with a hold recommendation.

Brokerages have set a twelve-month consensus price target of $58.00 for the company and are anticipating that the company will post $0.82 EPS for the current quarter, according to Zacks. Zacks has also assigned BancFirst an industry rank of 88 out of 265 based on the ratings given to related companies.

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A number of research firms have commented on BANF. BidaskClub raised BancFirst from a “sell” rating to a “hold” rating in a report on Tuesday, January 23rd. Zacks Investment Research downgraded BancFirst from a “buy” rating to a “hold” rating in a report on Wednesday, March 21st.

In related news, major shareholder Banking Ltd Ptnrshp R sold 44,590 shares of the firm’s stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $56.03, for a total value of $2,498,377.70. Following the sale, the insider now owns 10,902,651 shares of the company’s stock, valued at approximately $610,875,535.53. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Darryl Schmidt sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $56.00, for a total value of $140,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 232,889 shares of company stock worth $13,053,762. Company insiders own 42.32% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new stake in BancFirst in the 3rd quarter valued at approximately $134,000. Ameritas Investment Partners Inc. increased its position in BancFirst by 100.0% in the 3rd quarter. Ameritas Investment Partners Inc. now owns 2,602 shares of the bank’s stock valued at $138,000 after acquiring an additional 1,301 shares during the period. Great West Life Assurance Co. Can increased its position in BancFirst by 100.0% in the 3rd quarter. Great West Life Assurance Co. Can now owns 2,630 shares of the bank’s stock valued at $149,000 after acquiring an additional 1,315 shares during the period. Victory Capital Management Inc. increased its position in BancFirst by 95.3% in the 3rd quarter. Victory Capital Management Inc. now owns 4,081 shares of the bank’s stock valued at $232,000 after acquiring an additional 1,991 shares during the period. Finally, Ironwood Investment Counsel LLC acquired a new stake in BancFirst in the 4th quarter valued at approximately $249,000. 33.15% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:BANF traded down $0.15 during trading hours on Monday, reaching $53.10. 30,854 shares of the stock were exchanged, compared to its average volume of 43,273. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.04. BancFirst has a 52 week low of $43.13 and a 52 week high of $61.05. The company has a market cap of $1,732.81, a PE ratio of 19.52, a P/E/G ratio of 1.57 and a beta of 0.71.

BancFirst (NASDAQ:BANF) last released its earnings results on Friday, January 19th. The bank reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.04). BancFirst had a return on equity of 11.72% and a net margin of 23.61%. The firm had revenue of $91.53 million for the quarter, compared to the consensus estimate of $86.53 million. sell-side analysts expect that BancFirst will post 3.38 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Friday, March 30th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.58%. The ex-dividend date is Wednesday, March 28th. BancFirst’s dividend payout ratio (DPR) is 30.88%.

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About BancFirst

BancFirst Corporation is a financial holding company. The Company conducts its operating activities through its principal subsidiary, BancFirst (the Bank), a state-chartered bank. It has four business units, which include metropolitan banks, community banks, other financial services, and executive, operations and support.

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