DA Davidson Issues Optimistic Outlook for BancFirst Earnings

BancFirst Co. (NASDAQ:BANF - Free Report) - Stock analysts at DA Davidson upped their FY2025 earnings estimates for BancFirst in a research report issued on Tuesday, October 22nd. DA Davidson analyst G. Tenner now forecasts that the bank will post earnings of $6.19 per share for the year, up from their prior forecast of $5.76. DA Davidson has a "Neutral" rating and a $110.00 price target on the stock. The consensus estimate for BancFirst's current full-year earnings is $6.09 per share.

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

BancFirst Stock Performance

NASDAQ BANF traded down $0.97 on Thursday, reaching $109.13. 63,740 shares of the company's stock traded hands, compared to its average volume of 82,955. The firm has a market cap of $3.60 billion, a price-to-earnings ratio of 17.83 and a beta of 1.03. The stock has a 50 day moving average price of $105.54 and a 200-day moving average price of $95.97. BancFirst has a fifty-two week low of $79.99 and a fifty-two week high of $115.62. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.97 and a current ratio of 0.97.

Institutional Trading of BancFirst

Large investors have recently bought and sold shares of the business. State of Alaska Department of Revenue grew its stake in shares of BancFirst by 32.7% in the 3rd quarter. State of Alaska Department of Revenue now owns 11,306 shares of the bank's stock valued at $1,189,000 after buying an additional 2,783 shares during the period. Louisiana State Employees Retirement System grew its stake in shares of BancFirst by 31.5% in the 3rd quarter. Louisiana State Employees Retirement System now owns 9,600 shares of the bank's stock valued at $1,010,000 after buying an additional 2,300 shares during the period. International Assets Investment Management LLC purchased a new stake in shares of BancFirst in the 3rd quarter valued at approximately $112,370,000. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of BancFirst in the 3rd quarter valued at approximately $38,000. Finally, Raymond James & Associates grew its stake in shares of BancFirst by 4.1% in the 3rd quarter. Raymond James & Associates now owns 95,076 shares of the bank's stock valued at $10,007,000 after buying an additional 3,720 shares during the period. Hedge funds and other institutional investors own 51.72% of the company's stock.

Insiders Place Their Bets

In other BancFirst news, Director Dave R. Lopez sold 1,000 shares of the company's stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $102.13, for a total value of $102,130.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, major shareholder Main Street Banking Partners L sold 22,114 shares of the business's stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $105.46, for a total transaction of $2,332,142.44. Following the completion of the sale, the insider now owns 4,958,095 shares of the company's stock, valued at $522,880,698.70. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Dave R. Lopez sold 1,000 shares of the business's 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 67,845 shares of company stock worth $7,214,307. Company insiders own 33.89% of the company's stock.

BancFirst Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $0.46 dividend. The ex-dividend date was Monday, September 30th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.69%. This is an increase from BancFirst's previous quarterly dividend of $0.43. BancFirst's dividend 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.