BancFirst Co. (NASDAQ:BANF) Director Joe Goyne acquired 500 shares of the stock in a transaction on Thursday, September 10th. The shares were bought at an average cost of $44.25 per share, for a total transaction of $22,125.00. Following the purchase, the director now directly owns 4,000 shares of the company’s stock, valued at approximately $177,000. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.
NASDAQ BANF opened at $43.74 on Wednesday. BancFirst Co. has a 1-year low of $26.00 and a 1-year high of $63.96. The company has a market capitalization of $1.46 billion, a P/E ratio of 12.94 and a beta of 1.26. The business has a 50 day moving average price of $44.34 and a 200 day moving average price of $39.38. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.01 and a quick ratio of 1.00.
BancFirst (NASDAQ:BANF) last released its quarterly earnings data on Thursday, July 16th. The bank reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.15. The firm had revenue of $109.29 million during the quarter, compared to the consensus estimate of $108.05 million. BancFirst had a return on equity of 11.34% and a net margin of 23.55%. On average, research analysts expect that BancFirst Co. will post 3.14 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be given a dividend of $0.34 per share. This is an increase from BancFirst’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Tuesday, September 29th. This represents a $1.36 annualized dividend and a yield of 3.11%. BancFirst’s dividend payout ratio (DPR) is presently 31.07%.
A number of institutional investors have recently added to or reduced their stakes in BANF. Vanguard Group Inc. grew its position in shares of BancFirst by 14.5% in the second quarter. Vanguard Group Inc. now owns 2,406,789 shares of the bank’s stock valued at $97,644,000 after purchasing an additional 303,975 shares during the period. BlackRock Inc. boosted its holdings in BancFirst by 8.3% in the first quarter. BlackRock Inc. now owns 1,530,935 shares of the bank’s stock valued at $51,087,000 after acquiring an additional 117,669 shares during the last quarter. Geode Capital Management LLC boosted its holdings in BancFirst by 4.7% in the first quarter. Geode Capital Management LLC now owns 380,023 shares of the bank’s stock valued at $12,680,000 after acquiring an additional 16,916 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in BancFirst by 2.8% in the first quarter. JPMorgan Chase & Co. now owns 379,196 shares of the bank’s stock valued at $12,654,000 after acquiring an additional 10,350 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in BancFirst by 117.1% in the second quarter. Charles Schwab Investment Management Inc. now owns 246,779 shares of the bank’s stock valued at $10,012,000 after acquiring an additional 133,104 shares during the last quarter. 35.09% of the stock is owned by institutional investors.
Several equities research analysts have weighed in on the company. Zacks Investment Research downgraded BancFirst from a “buy” rating to a “hold” rating in a report on Tuesday, July 7th. BidaskClub raised BancFirst from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 9th. Two analysts have rated the stock with a sell rating and two have issued a hold rating to the company. The stock has an average rating of “Hold” and a consensus price target of $54.50.
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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