BancFirst Corp. (NASDAQ:BANF) – Stock analysts at FIG Partners issued their FY2018 earnings per share estimates for shares of BancFirst Corp. in a research report issued to clients and investors on Monday. FIG Partners analyst J. Rodis forecasts that the brokerage will post earnings per share of $4.75 for the year.
Separately, Zacks Investment Research upgraded shares of BancFirst Corp. from a “hold” rating to a “buy” rating and set a $80.00 target price on the stock in a research note on Tuesday, October 25th.
Shares of BancFirst Corp. (NASDAQ:BANF) traded down 0.30% during midday trading on Wednesday, reaching $82.75. 20,339 shares of the company’s stock traded hands. The company has a 50-day moving average of $74.88 and a 200-day moving average of $67.36. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 19.38 and a beta of 0.64. BancFirst Corp. has a one year low of $51.14 and a one year high of $85.00.
BancFirst Corp. (NASDAQ:BANF) last announced its quarterly earnings results on Thursday, October 20th. The company reported $1.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.14 by $0.01. BancFirst Corp. had a net margin of 21.02% and a return on equity of 10.08%.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 13th. Shareholders of record on Friday, December 30th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend is Wednesday, December 28th. BancFirst Corp.’s payout ratio is 35.60%.
In other news, major shareholder Banking Ltd Ptnrshp R sold 26,400 shares of BancFirst Corp. stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $83.00, for a total transaction of $2,191,200.00. Following the sale, the insider now owns 5,623,600 shares in the company, valued at $466,758,800. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Scott Copeland sold 4,000 shares of BancFirst Corp. stock in a transaction that occurred on Wednesday, November 16th. The shares were sold at an average price of $82.76, for a total transaction of $331,040.00. Following the sale, the insider now owns 4,250 shares in the company, valued at approximately $351,730. The disclosure for this sale can be found here. Company insiders own 44.97% of the company’s stock.
Several large investors have recently added to or reduced their stakes in BANF. Vanguard Group Inc. boosted its stake in BancFirst Corp. by 8.6% in the second quarter. Vanguard Group Inc. now owns 673,491 shares of the company’s stock valued at $40,626,000 after buying an additional 53,497 shares during the last quarter. Northern Trust Corp boosted its stake in BancFirst Corp. by 14.1% in the third quarter. Northern Trust Corp now owns 287,086 shares of the company’s stock valued at $20,817,000 after buying an additional 35,442 shares during the last quarter. ProShare Advisors LLC bought a new stake in BancFirst Corp. during the second quarter valued at about $1,830,000. Emerald Acquisition Ltd. bought a new stake in BancFirst Corp. during the second quarter valued at about $1,775,000. Finally, Zacks Investment Management bought a new stake in BancFirst Corp. during the third quarter valued at about $2,077,000. Hedge funds and other institutional investors own 30.49% of the company’s stock.
About BancFirst Corp.