BancFirst Corporation (BANF) to Distribute Quarterly Dividend of $0.49 on July 15th

BancFirst Corporation (NASDAQ:BANF) declared a quarterly dividend on Thursday, May 28th. Stockholders of record on Tuesday, June 30th will be given a dividend of 0.49 per share by the bank on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, June 30th.

BancFirst has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 31 consecutive years. BancFirst has a dividend payout ratio of 29.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect BancFirst to earn $7.67 per share next year, which means the company should continue to be able to cover its $1.96 annual dividend with an expected future payout ratio of 25.6%.

BancFirst Trading Up 1.1%

NASDAQ BANF opened at $114.58 on Friday. The stock has a market cap of $3.85 billion, a PE ratio of 15.70 and a beta of 0.59. BancFirst has a 12 month low of $101.48 and a 12 month high of $138.77. The company’s 50-day moving average price is $111.95 and its 200-day moving average price is $111.45. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.05.

BancFirst (NASDAQ:BANF) last announced its quarterly earnings data on Thursday, April 16th. The bank reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.08. The company had revenue of $179.00 million during the quarter, compared to analyst estimates of $177.19 million. BancFirst had a net margin of 25.50% and a return on equity of 13.62%. During the same quarter last year, the business posted $1.66 EPS. Equities research analysts forecast that BancFirst will post 7.39 earnings per share for the current year.

About BancFirst

BancFirst Corporation is a regional banking holding company based in Oklahoma City, Oklahoma. As the largest state‐chartered bank in Oklahoma, BancFirst offers a comprehensive suite of financial services to individuals, businesses and government entities. Its core business activities include commercial and consumer banking, mortgage lending, treasury management, equipment financing and electronic banking solutions.

The bank operates a network of more than 60 branches across Oklahoma, serving urban centers such as Oklahoma City and Tulsa, as well as rural communities throughout the state.