Analysts Anticipate BancFirst (BANF) to Announce $0.82 EPS

Wall Street brokerages predict that BancFirst (NASDAQ:BANF) will announce earnings of $0.82 per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for BancFirst’s earnings, with estimates ranging from $0.79 to $0.85. BancFirst reported earnings per share of $0.68 during the same quarter last year, which would suggest a positive year over year growth rate of 20.6%. The company is expected to announce its next earnings report on Thursday, April 19th.

On average, analysts expect that BancFirst will report full year earnings of $3.38 per share for the current fiscal year, with EPS estimates ranging from $3.30 to $3.43. For the next financial year, analysts forecast that the firm will post earnings of $3.54 per share, with EPS estimates ranging from $3.48 to $3.65. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow BancFirst.

BancFirst (NASDAQ:BANF) last issued its earnings results on Friday, January 19th. The bank reported $0.66 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by ($0.04). The firm had revenue of $91.53 million during the quarter, compared to analyst estimates of $86.53 million. BancFirst had a net margin of 23.61% and a return on equity of 11.72%.

Several brokerages recently issued reports on BANF. Zacks Investment Research downgraded shares of BancFirst from a “buy” rating to a “hold” rating in a research report on Wednesday, March 21st. BidaskClub upgraded shares of BancFirst from a “sell” rating to a “hold” rating in a research report on Saturday, February 3rd.

Shares of NASDAQ BANF opened at $53.10 on Thursday. The stock has a market cap of $1,732.81, a P/E ratio of 19.52, a P/E/G ratio of 1.57 and a beta of 0.71. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.02. BancFirst has a 12-month low of $43.13 and a 12-month high of $61.05.

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 given a dividend of $0.21 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $0.84 annualized dividend and a yield of 1.58%. BancFirst’s dividend payout ratio (DPR) is 30.88%.

In related news, insider Darryl Schmidt sold 2,500 shares of the company’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $56.00, for a total transaction of $140,000.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Banking Ltd Ptnrshp R sold 38,518 shares of the company’s stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $56.06, for a total transaction of $2,159,319.08. Following the transaction, the insider now owns 10,947,241 shares in the company, valued at approximately $613,702,330.46. The disclosure for this sale can be found here. In the last quarter, insiders have sold 232,889 shares of company stock worth $13,053,762. 42.32% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of BANF. Dimensional Fund Advisors LP lifted its position in BancFirst by 102.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,115,778 shares of the bank’s stock worth $63,320,000 after buying an additional 563,314 shares in the last quarter. Janus Henderson Group PLC raised its holdings in BancFirst by 121.2% during the 3rd quarter. Janus Henderson Group PLC now owns 523,227 shares of the bank’s stock worth $29,693,000 after purchasing an additional 286,641 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in BancFirst by 102.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 446,497 shares of the bank’s stock worth $25,339,000 after purchasing an additional 226,044 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in BancFirst by 96.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 291,173 shares of the bank’s stock worth $16,525,000 after purchasing an additional 142,674 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in BancFirst by 92.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 208,859 shares of the bank’s stock worth $11,853,000 after purchasing an additional 100,495 shares during the last quarter. Institutional investors and hedge funds own 33.15% of the company’s stock.

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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. It operates through Metropolitan Banks, Community Banks, and Other Financial Services segments. The company offers checking accounts, negotiable order of withdrawal accounts, savings accounts, money market accounts, sweep accounts, club accounts, individual retirement accounts, and certificates of deposit, as well as overdraft protection and auto draft services.

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