BancFirst (NASDAQ:BANF) Announces Quarterly Earnings Results
by Teresa Graham · The Cerbat GemBancFirst (NASDAQ:BANF – Get Free Report) released its quarterly earnings results on Thursday. The bank reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.10, Zacks reports. BancFirst had a net margin of 25.05% and a return on equity of 13.68%.
BancFirst Stock Performance
NASDAQ BANF traded down $1.46 on Thursday, reaching $111.49. 61,892 shares of the company’s stock traded hands, compared to its average volume of 133,841. The firm has a market cap of $3.74 billion, a price-to-earnings ratio of 15.66 and a beta of 0.61. The stock has a 50 day moving average price of $111.57 and a 200-day moving average price of $112.33. BancFirst has a fifty-two week low of $101.48 and a fifty-two week high of $138.77. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.03 and a current ratio of 1.03.
BancFirst Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were given a dividend of $0.49 per share. The ex-dividend date was Tuesday, March 31st. This represents a $1.96 dividend on an annualized basis and a yield of 1.8%. BancFirst’s payout ratio is currently 27.53%.
Wall Street Analyst Weigh In
BANF has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods boosted their price objective on shares of BancFirst from $120.00 to $123.00 and gave the company a “market perform” rating in a report on Friday, January 23rd. Weiss Ratings lowered shares of BancFirst from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, March 27th. Finally, DA Davidson reissued a “neutral” rating and set a $125.00 price objective on shares of BancFirst in a report on Monday, March 9th. Four research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $124.00.
Get Our Latest Report on BancFirst
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quarry LP lifted its position in BancFirst by 531.4% during the third quarter. Quarry LP now owns 221 shares of the bank’s stock valued at $28,000 after purchasing an additional 186 shares during the period. Kestra Advisory Services LLC acquired a new position in BancFirst during the fourth quarter valued at $41,000. EverSource Wealth Advisors LLC raised its position in shares of BancFirst by 957.9% in the second quarter. EverSource Wealth Advisors LLC now owns 402 shares of the bank’s stock worth $50,000 after acquiring an additional 364 shares during the period. Advisors Asset Management Inc. raised its position in shares of BancFirst by 108.6% in the first 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 period. Finally, Advisory Services Network LLC acquired a new position in shares of BancFirst in the third quarter worth about $74,000. 51.72% of the stock is currently owned by institutional investors and hedge funds.
About BancFirst
BancFirst Corporation is a regional banking holding company based in Oklahoma City, Oklahoma. As the largest state‐chartered bank in Oklahoma, BancFirst offers a comprehensive suite of financial services to individuals, businesses and government entities. Its core business activities include commercial and consumer banking, mortgage lending, treasury management, equipment financing and electronic banking solutions.
The bank operates a network of more than 60 branches across Oklahoma, serving urban centers such as Oklahoma City and Tulsa, as well as rural communities throughout the state.