Zacks: Analysts Anticipate BancFirst Corporation (NASDAQ:BANF) to Announce $0.69 EPS

Analysts expect that BancFirst Corporation (NASDAQ:BANF) will post earnings per share (EPS) of $0.69 for the current quarter, according to Zacks. Three analysts have provided estimates for BancFirst Corporation’s earnings, with the highest EPS estimate coming in at $0.69 and the lowest estimate coming in at $0.68. BancFirst Corporation reported earnings of $0.56 per share during the same quarter last year, which suggests a positive year over year growth rate of 23.2%. The business is expected to report its next quarterly earnings report on Thursday, October 19th.

According to Zacks, analysts expect that BancFirst Corporation will report full-year earnings of $2.76 per share for the current financial year, with EPS estimates ranging from $2.73 to $2.78. For the next financial year, analysts expect that the company will post earnings of $2.73 per share, with EPS estimates ranging from $2.63 to $2.80. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that that provide coverage for BancFirst Corporation.

BancFirst Corporation (NASDAQ:BANF) last posted its quarterly earnings data on Thursday, July 20th. The bank reported $0.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.13. The firm had revenue of $84.42 million during the quarter, compared to analysts’ expectations of $81.12 million. BancFirst Corporation had a net margin of 23.91% and a return on equity of 11.35%.

A number of equities research analysts recently issued reports on BANF shares. ValuEngine upgraded shares of BancFirst Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. BidaskClub upgraded shares of BancFirst Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 16th.

In other BancFirst Corporation news, Chairman H E. Rainbolt acquired 400 shares of the firm’s stock in a transaction on Tuesday, May 23rd. The stock was bought at an average cost of $94.84 per share, for a total transaction of $37,936.00. Following the completion of the purchase, the chairman now directly owns 453 shares in the company, valued at $42,962.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Darryl Schmidt sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $53.50, for a total transaction of $160,500.00. Following the sale, the insider now owns 3,000 shares of the company’s stock, valued at $160,500. The disclosure for this sale can be found here. 44.97% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in the company. Karp Capital Management Corp acquired a new stake in BancFirst Corporation during the first quarter valued at about $211,000. Swiss National Bank increased its stake in BancFirst Corporation by 3.6% in the first quarter. Swiss National Bank now owns 11,659 shares of the bank’s stock valued at $1,048,000 after buying an additional 400 shares in the last quarter. Bank of New York Mellon Corp increased its stake in BancFirst Corporation by 71.6% in the first quarter. Bank of New York Mellon Corp now owns 133,795 shares of the bank’s stock valued at $12,029,000 after buying an additional 55,811 shares in the last quarter. First Trust Advisors LP increased its stake in BancFirst Corporation by 4.7% in the first quarter. First Trust Advisors LP now owns 38,254 shares of the bank’s stock valued at $3,439,000 after buying an additional 1,706 shares in the last quarter. Finally, Capital One National Association increased its stake in BancFirst Corporation by 0.9% in the first quarter. Capital One National Association now owns 9,968 shares of the bank’s stock valued at $896,000 after buying an additional 88 shares in the last quarter. Institutional investors own 16.83% of the company’s stock.

BancFirst Corporation (NASDAQ:BANF) traded up 0.10% during trading on Tuesday, hitting $52.40. 30,328 shares of the company were exchanged. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of 20.65 and a beta of 0.54. BancFirst Corporation has a 12 month low of $32.76 and a 12 month high of $57.90. The company has a 50-day moving average of $50.43 and a 200-day moving average of $47.87.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $0.76 annualized dividend and a yield of 1.45%. BancFirst Corporation’s dividend payout ratio is currently 29.98%.

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BancFirst Corporation Company Profile

BancFirst Corporation is a financial holding company. The Company conducts its operating activities through its principal subsidiary, BancFirst (the Bank), a state-chartered bank. It has four business units, which include metropolitan banks, community banks, other financial services, and executive, operations and support.

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