DA Davidson Brokers Boost Earnings Estimates for BancFirst

BancFirst Co. (NASDAQ:BANF - Free Report) - Equities researchers at DA Davidson lifted their FY2025 earnings estimates for BancFirst in a research report issued to clients and investors on Thursday, December 19th. DA Davidson analyst G. Tenner now forecasts that the bank will earn $6.26 per share for the year, up from their previous forecast of $6.19. 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 $6.37 per share.

Several other analysts also recently commented on the stock. StockNews.com raised shares of BancFirst from a "sell" rating to a "hold" rating in a research report on Thursday, November 7th. Keefe, Bruyette & Woods increased their target price on shares of BancFirst from $117.00 to $135.00 and gave the stock a "market perform" rating in a research note on Wednesday, December 4th.

BancFirst Trading Up 1.4 %

NASDAQ BANF traded up $1.59 during trading hours on Friday, hitting $118.84. 415,581 shares of the company's stock were exchanged, compared to its average volume of 86,273. The firm has a market cap of $3.94 billion, a price-to-earnings ratio of 19.11 and a beta of 1.05. The stock has a 50-day simple moving average of $119.54 and a 200 day simple moving average of $105.37. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.05. BancFirst has a 1-year low of $81.21 and a 1-year high of $132.29.

BancFirst (NASDAQ:BANF - Get Free Report) last issued its quarterly earnings results on Thursday, October 17th. The bank reported $1.75 earnings per share for the quarter, topping analysts' consensus estimates of $1.57 by $0.18. The firm had revenue of $163.67 million during the quarter, compared to the consensus estimate of $156.70 million. BancFirst had a return on equity of 13.92% and a net margin of 23.52%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Louisiana State Employees Retirement System lifted its stake in BancFirst by 1.4% during the 2nd quarter. Louisiana State Employees Retirement System now owns 7,300 shares of the bank's stock valued at $640,000 after acquiring an additional 100 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of BancFirst by 49.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,058 shares of the bank's stock valued at $444,000 after purchasing an additional 1,675 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in BancFirst by 8.6% during the second quarter. Victory Capital Management Inc. now owns 8,798 shares of the bank's stock worth $772,000 after purchasing an additional 700 shares during the last quarter. Arizona State Retirement System grew its position in BancFirst by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 5,993 shares of the bank's stock worth $526,000 after purchasing an additional 112 shares in the last quarter. Finally, Wakefield Asset Management LLLP purchased a new stake in BancFirst in the 2nd quarter valued at about $906,000. Hedge funds and other institutional investors own 51.72% of the company's stock.

Insider Activity

In other news, Director William Scott Martin sold 25,000 shares of the business's stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $123.00, for a total transaction of $3,075,000.00. Following the completion of the sale, the director now directly owns 249,106 shares of the company's stock, valued at $30,640,038. The trade was a 9.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Leslie Jeannine Rainbolt sold 2,152 shares of the company's stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $110.47, for a total transaction of $237,731.44. Following the completion of the sale, the director now owns 4,942,550 shares in the company, valued at $546,003,498.50. This represents a 0.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 129,150 shares of company stock worth $15,442,825 over the last quarter. 33.89% of the stock is currently owned by corporate insiders.

BancFirst Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $0.46 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.84 dividend on an annualized basis and a yield of 1.55%. BancFirst's dividend payout ratio (DPR) is presently 29.58%.

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.