BancFirst Co. (NASDAQ:BANF) Plans $0.46 Quarterly Dividend

BancFirst Co. (NASDAQ:BANF) announced a quarterly dividend on Thursday, November 21st,Wall Street Journal reports. Shareholders of record on Tuesday, December 31st will be given a dividend of 0.46 per share by the bank on Wednesday, January 15th. This represents a $1.84 annualized dividend and a yield of 1.53%. The ex-dividend date is Tuesday, December 31st.

BancFirst has raised its dividend payment by an average of 7.9% annually over the last three years and has increased its dividend annually for the last 31 consecutive years. BancFirst has a dividend payout ratio of 29.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect BancFirst to earn $6.12 per share next year, which means the company should continue to be able to cover its $1.84 annual dividend with an expected future payout ratio of 30.1%.

BancFirst Trading Down 1.1 %

Shares of BANF stock opened at $119.89 on Friday. The company has a market capitalization of $3.97 billion, a P/E ratio of 19.27 and a beta of 1.05. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.05. The business’s 50 day moving average is $120.63 and its two-hundred day moving average is $106.86. BancFirst has a twelve month low of $81.21 and a twelve month high of $132.29.

BancFirst (NASDAQ:BANF) last announced its quarterly earnings data on Thursday, October 17th. The bank reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.18. The company had revenue of $163.67 million for the quarter, compared to analysts’ expectations of $156.70 million. BancFirst had a net margin of 23.52% and a return on equity of 13.92%. Equities analysts forecast that BancFirst will post 6.37 EPS for the current year.

Insider Activity

In other BancFirst news, Director William Scott Martin sold 5,000 shares of the company’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $113.50, for a total value of $567,500.00. Following the sale, the director now owns 306,904 shares of the company’s stock, valued at approximately $34,833,604. This represents a 1.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Leslie Jeannine Rainbolt sold 2,152 shares of the firm’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $110.47, for a total value of $237,731.44. Following the completion of the transaction, the director now owns 4,942,550 shares of the company’s stock, valued at approximately $546,003,498.50. This represents a 0.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 129,150 shares of company stock worth $15,442,825 in the last 90 days. 33.89% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. DA Davidson boosted their price target on shares of BancFirst from $104.00 to $110.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. Keefe, Bruyette & Woods boosted their target price on BancFirst from $117.00 to $135.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Finally, StockNews.com raised BancFirst from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th.

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. The company operates through BancFirst Metropolitan Banks, BancFirst Community Banks, Pegasus, Worthington, and Other Financial Services segments.