Wall Street analysts expect BancFirst Co. (NASDAQ:BANF) to post sales of $98.50 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for BancFirst’s earnings, with estimates ranging from $98.30 million to $98.70 million. BancFirst reported sales of $93.15 million in the same quarter last year, which would suggest a positive year over year growth rate of 5.7%. The business is scheduled to issue its next earnings results on Thursday, April 18th.
According to Zacks, analysts expect that BancFirst will report full year sales of $402.93 million for the current financial year, with estimates ranging from $401.60 million to $403.60 million. For the next fiscal year, analysts expect that the business will post sales of $418.55 million, with estimates ranging from $417.30 million to $419.80 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for BancFirst.
BancFirst (NASDAQ:BANF) last issued its quarterly earnings data on Thursday, January 17th. The bank reported $0.98 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.04. The business had revenue of $100.74 million for the quarter, compared to the consensus estimate of $97.57 million. BancFirst had a net margin of 29.37% and a return on equity of 14.68%.
A number of research analysts have issued reports on BANF shares. Zacks Investment Research raised shares of BancFirst from a “hold” rating to a “buy” rating and set a $63.00 price objective on the stock in a research report on Thursday, November 29th. ValuEngine raised shares of BancFirst from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Finally, BidaskClub downgraded shares of BancFirst from a “hold” rating to a “sell” rating in a research report on Wednesday, November 28th.
BancFirst stock traded down $1.16 during mid-day trading on Wednesday, reaching $53.32. 28,384 shares of the company traded hands, compared to its average volume of 43,930. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.03. The company has a market cap of $1.78 billion, a P/E ratio of 13.96, a PEG ratio of 2.12 and a beta of 0.79. BancFirst has a 52-week low of $48.07 and a 52-week high of $65.70.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 29th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date of this dividend is Thursday, March 28th. BancFirst’s dividend payout ratio is presently 31.41%.
Large investors have recently added to or reduced their stakes in the company. Acadian Asset Management LLC purchased a new stake in shares of BancFirst in the 4th quarter worth about $61,000. Citadel Advisors LLC purchased a new stake in shares of BancFirst in the 3rd quarter worth about $212,000. Wakefield Asset Management LLLP purchased a new stake in shares of BancFirst in the 3rd quarter worth about $235,000. Brown Advisory Inc. purchased a new stake in shares of BancFirst in the 3rd quarter worth about $244,000. Finally, D. E. Shaw & Co. Inc. bought a new position in BancFirst in the 4th quarter worth about $224,000. 33.62% of the stock is currently owned by hedge funds and other institutional investors.
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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