BancFirst (NASDAQ:BANF) Releases Earnings Results, Beats Estimates By $0.07 EPS

BancFirst (NASDAQ:BANF - Get Free Report) announced its earnings results on Thursday. The bank reported $1.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.61 by $0.07, Zacks reports. BancFirst had a return on equity of 13.92% and a net margin of 23.52%.

BancFirst Stock Up 0.4 %

Shares of NASDAQ BANF traded up $0.53 during mid-day trading on Thursday, reaching $121.24. The company had a trading volume of 119,116 shares, compared to its average volume of 109,173. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.98 and a current ratio of 0.98. BancFirst has a twelve month low of $81.21 and a twelve month high of $132.29. The stock's 50 day moving average is $121.57 and its 200-day moving average is $111.03. The stock has a market capitalization of $4.02 billion, a PE ratio of 19.49 and a beta of 1.06.

BancFirst Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date was Tuesday, December 31st. BancFirst's dividend payout ratio (DPR) is currently 29.58%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. StockNews.com upgraded shares of BancFirst from a "sell" rating to a "hold" rating in a research report on Thursday, November 7th. DA Davidson raised their target price on BancFirst from $104.00 to $110.00 and gave the stock a "neutral" rating in a research report on Monday, October 21st. Finally, Keefe, Bruyette & Woods upped their price target on BancFirst from $117.00 to $135.00 and gave the company a "market perform" rating in a research report on Wednesday, December 4th.

Insider Buying and Selling at BancFirst

In other BancFirst news, major shareholder Main Street Banking Partners L sold 24,421 shares of the company's stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $110.78, for a total transaction of $2,705,358.38. Following the completion of the sale, the insider now owns 4,910,000 shares of the company's stock, valued at $543,929,800. This represents a 0.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Dennis Jay Hannah sold 10,543 shares of the company's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $126.58, for a total transaction of $1,334,532.94. Following the sale, the executive vice president now directly owns 1,564 shares of the company's stock, valued at approximately $197,971.12. This represents a 87.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 118,869 shares of company stock worth $14,309,535 over the last 90 days. 33.89% of the stock is currently owned by corporate insiders.

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.

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