BancFirst (NASDAQ:BANF) issued its earnings results on Thursday. The bank reported $0.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.15, MarketWatch Earnings reports. BancFirst had a net margin of 26.17% and a return on equity of 12.91%.
Shares of NASDAQ BANF opened at $39.11 on Friday. The company’s fifty day moving average price is $38.94 and its 200 day moving average price is $44.66. BancFirst has a 1 year low of $26.00 and a 1 year high of $63.96. The company has a market capitalization of $1.28 billion, a PE ratio of 10.19 and a beta of 1.27. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.01 and a current ratio of 1.01.
The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date of this dividend was Monday, June 29th. BancFirst’s dividend payout ratio (DPR) is presently 31.07%.
In other news, EVP Dennis L. Brand purchased 1,000 shares of the stock in a transaction that occurred on Thursday, May 14th. The shares were purchased at an average cost of $30.00 per share, with a total value of $30,000.00. Following the completion of the acquisition, the executive vice president now owns 26,000 shares of the company’s stock, valued at approximately $780,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 38.34% of the company’s stock.
BANF has been the topic of several recent research reports. BidaskClub downgraded shares of BancFirst from a “sell” rating to a “strong sell” rating in a report on Saturday, July 11th. Zacks Investment Research downgraded shares of BancFirst from a “buy” rating to a “hold” rating in a report on Tuesday, July 7th. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. BancFirst presently has an average rating of “Hold” and an average target price of $54.50.
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. It operates through Metropolitan Banks, Community Banks, and Other Financial Services segments. The company offers checking accounts, negotiable order of withdrawal accounts, savings accounts, money market accounts, sweep accounts, club accounts, individual retirement accounts, and certificates of deposit, as well as overdraft protection and auto draft services.
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