FY2024 Earnings Estimate for BancFirst Issued By DA Davidson

BancFirst Co. (NASDAQ:BANF - Free Report) - Investment analysts at DA Davidson raised their FY2024 earnings per share estimates for shares of BancFirst in a research report issued to clients and investors on Tuesday, October 22nd. DA Davidson analyst G. Tenner now anticipates that the bank will post earnings per share of $6.35 for the year, up from their previous forecast of $6.08. 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 $6.09 per share. DA Davidson also issued estimates for BancFirst's Q4 2024 earnings at $1.59 EPS.

A number of other analysts also recently weighed in on the stock. StockNews.com downgraded shares of BancFirst from a "hold" rating to a "sell" rating in a research report on Wednesday, September 4th. Piper Sandler increased their target price on shares of BancFirst from $84.50 to $95.00 and gave the stock an "underweight" rating in a report on Monday, July 22nd.

BancFirst Trading Up 0.1 %

BANF traded up $0.10 during midday trading on Wednesday, reaching $110.10. 76,560 shares of the company were exchanged, compared to its average volume of 83,049. The stock has a market capitalization of $3.63 billion, a P/E ratio of 17.99 and a beta of 1.03. BancFirst has a one year low of $79.99 and a one year high of $115.62. The stock's 50-day simple moving average is $105.33 and its 200 day simple moving average is $95.87. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.97 and a current ratio of 0.97.

Hedge Funds Weigh In On BancFirst

Hedge funds have recently made changes to their positions in the business. Diversified Trust Co boosted its stake in shares of BancFirst by 25.2% during the 1st quarter. Diversified Trust Co now owns 4,844 shares of the bank's stock worth $426,000 after buying an additional 975 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its stake in BancFirst by 557.1% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 506 shares of the bank's stock valued at $45,000 after purchasing an additional 429 shares in the last quarter. SpiderRock Advisors LLC acquired a new position in shares of BancFirst during the 1st quarter worth approximately $257,000. BNP Paribas Financial Markets increased its position in shares of BancFirst by 85.7% during the 1st quarter. BNP Paribas Financial Markets now owns 10,980 shares of the bank's stock worth $967,000 after purchasing an additional 5,066 shares during the last quarter. Finally, Texas Permanent School Fund Corp raised its stake in shares of BancFirst by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 12,682 shares of the bank's stock worth $1,116,000 after purchasing an additional 168 shares in the last quarter. 51.72% of the stock is owned by institutional investors.

Insider Activity at BancFirst

In related news, Director Dave R. Lopez sold 1,000 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $102.13, for a total transaction of $102,130.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other BancFirst news, Director Dave R. Lopez sold 1,000 shares of the stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $102.13, for a total transaction of $102,130.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David E. Rainbolt sold 18,376 shares of the business's stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $106.22, for a total value of $1,951,898.72. Following the completion of the sale, the director now owns 223,874 shares in the company, valued at approximately $23,779,896.28. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 66,095 shares of company stock worth $7,021,614. 33.89% of the stock is owned by company insiders.

BancFirst Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 1.67%. The ex-dividend date of this dividend was Monday, September 30th. This is a boost from BancFirst's previous quarterly dividend of $0.43. BancFirst's payout ratio is 30.07%.

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.