BancFirst (NASDAQ:BANF) Announces Quarterly Earnings Results, Beats Estimates By $0.30 EPS


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BancFirst (NASDAQ:BANF) announced its earnings results on Wednesday. The bank reported $1.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.30, MarketWatch Earnings reports. BancFirst had a return on equity of 9.72% and a net margin of 21.31%.

Shares of NASDAQ BANF traded up $0.48 during mid-day trading on Friday, hitting $69.89. 760 shares of the company traded hands, compared to its average volume of 85,191. BancFirst has a 1 year low of $29.50 and a 1 year high of $77.38. The stock has a market capitalization of $2.29 billion, a price-to-earnings ratio of 23.06 and a beta of 1.39. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.03. The business has a 50 day moving average of $70.92 and a two-hundred day moving average of $59.22.

The business also recently announced a quarterly dividend, which was paid on Thursday, April 15th. Stockholders of record on Wednesday, March 31st were issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend was Tuesday, March 30th. BancFirst’s dividend payout ratio is 33.01%.

In related news, Director Joe Goyne acquired 600 shares of the stock in a transaction dated Friday, January 29th. The shares were acquired at an average price of $58.00 per share, with a total value of $34,800.00. Following the acquisition, the director now owns 4,600 shares in the company, valued at approximately $266,800. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Kelly Foster sold 2,500 shares of the stock in a transaction dated Wednesday, January 27th. The shares were sold at an average price of $60.68, for a total value of $151,700.00. Following the transaction, the senior vice president now directly owns 2,500 shares in the company, valued at approximately $151,700. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 141,266 shares of company stock valued at $9,428,486. 38.45% of the stock is currently owned by company insiders.

Separately, Zacks Investment Research cut BancFirst from a “buy” rating to a “hold” rating in a research note on Thursday, April 1st.

About BancFirst

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, Pegasus Bank, 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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Earnings History for BancFirst (NASDAQ:BANF)

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