BancFirst (NASDAQ:BANF) Announces Quarterly Earnings Results

BancFirst (NASDAQ:BANF) released its earnings results on Thursday. The bank reported $1.51 EPS for the quarter, beating the consensus estimate of $1.42 by $0.09, Yahoo Finance reports. BancFirst had a net margin of 24.65% and a return on equity of 14.10%.

BancFirst Trading Up 5.0 %

Shares of BancFirst stock traded up $5.01 during trading on Friday, hitting $104.88. The stock had a trading volume of 251,041 shares, compared to its average volume of 91,300. The stock has a 50 day simple moving average of $87.87 and a 200 day simple moving average of $88.35. The company has a market capitalization of $3.46 billion, a PE ratio of 17.14 and a beta of 1.04. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.06. BancFirst has a 1 year low of $79.99 and a 1 year high of $107.64.

BancFirst Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were given a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend was Friday, June 28th. BancFirst’s dividend payout ratio (DPR) is currently 28.10%.

Insider Transactions at BancFirst

In other news, EVP Dennis Jay Hannah sold 3,000 shares of BancFirst stock in a transaction that occurred on Friday, July 19th. The shares were sold at an average price of $106.50, for a total value of $319,500.00. Following the transaction, the executive vice president now directly owns 7,714 shares of the company’s stock, valued at $821,541. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, EVP Kevin Lawrence sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $90.00, for a total transaction of $900,000.00. Following the completion of the sale, the executive vice president now directly owns 10,000 shares in the company, valued at $900,000. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Dennis Jay Hannah sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, July 19th. The stock was sold at an average price of $106.50, for a total transaction of $319,500.00. Following the sale, the executive vice president now owns 7,714 shares of the company’s stock, valued at $821,541. The disclosure for this sale can be found here. Insiders have sold a total of 19,000 shares of company stock valued at $1,772,860 over the last ninety days. Corporate insiders own 33.89% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of BancFirst from a “sell” rating to a “hold” rating in a research note on Friday.

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.