FY2025 Earnings Estimate for BancFirst Issued By DA Davidson

BancFirst Co. (NASDAQ:BANF - Free Report) - Research analysts at DA Davidson raised their FY2025 earnings per share estimates for BancFirst in a research report issued on Tuesday, January 28th. DA Davidson analyst G. Tenner now anticipates that the bank will post earnings of $6.90 per share for the year, up from their previous estimate of $6.26. DA Davidson currently has a "Neutral" rating and a $110.00 target price on the stock. The consensus estimate for BancFirst's current full-year earnings is $6.52 per share.

BancFirst (NASDAQ:BANF - Get Free Report) last posted its earnings results on Thursday, January 23rd. The bank reported $1.68 earnings per share for the quarter, topping analysts' consensus estimates of $1.61 by $0.07. BancFirst had a net margin of 23.52% and a return on equity of 14.21%.

Several other research analysts also recently commented on the company. Keefe, Bruyette & Woods lifted their target price on BancFirst from $117.00 to $135.00 and gave the stock a "market perform" rating in a report on Wednesday, December 4th. StockNews.com cut BancFirst from a "hold" rating to a "sell" rating in a report on Friday, January 24th.

BancFirst Trading Down 2.0 %

Shares of NASDAQ:BANF traded down $2.42 during mid-day trading on Thursday, reaching $116.66. 46,294 shares of the company's stock were exchanged, compared to its average volume of 132,441. The firm has a market capitalization of $3.87 billion, a price-to-earnings ratio of 18.17 and a beta of 1.05. BancFirst has a twelve month low of $81.21 and a twelve month high of $132.29. The business's fifty day moving average price is $121.10 and its 200-day moving average price is $112.51. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.98 and a current ratio of 0.98.

Institutional Investors Weigh In On BancFirst

Several hedge funds and other institutional investors have recently made changes to their positions in BANF. BancFirst Trust & Investment Management boosted its holdings in BancFirst by 50.8% during the third quarter. BancFirst Trust & Investment Management now owns 1,702,082 shares of the bank's stock worth $177,936,000 after purchasing an additional 573,224 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of BancFirst during the 3rd quarter worth approximately $112,370,000. State Street Corp boosted its stake in shares of BancFirst by 12.4% in the 3rd quarter. State Street Corp now owns 872,101 shares of the bank's stock worth $92,187,000 after buying an additional 96,483 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of BancFirst by 13.7% in the third quarter. Geode Capital Management LLC now owns 482,785 shares of the bank's stock valued at $50,823,000 after acquiring an additional 58,016 shares in the last quarter. Finally, Millennium Management LLC increased its position in shares of BancFirst by 499.6% during the second quarter. Millennium Management LLC now owns 57,614 shares of the bank's stock valued at $5,053,000 after acquiring an additional 48,006 shares during the last quarter. 51.72% of the stock is owned by institutional investors.

Insider Activity at BancFirst

In other news, EVP Dennis Jay Hannah sold 10,543 shares of the business's stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 1,564 shares in the company, valued at $197,971.12. The trade was a 87.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director William Scott Martin sold 15,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $117.00, for a total value of $1,755,000.00. Following the completion of the transaction, the director now owns 291,904 shares in the company, valued at approximately $34,152,768. This represents a 4.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 94,448 shares of company stock worth $11,626,527 in the last 90 days. Corporate insiders own 33.89% of the company's stock.

BancFirst Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend was Tuesday, December 31st. BancFirst's dividend payout ratio is 28.57%.

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.