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

BancFirst Co. (NASDAQ:BANF) announced a quarterly dividend on Monday, November 25th,Wall Street Journal reports. Shareholders of record on Tuesday, December 31st will be paid a dividend of 0.46 per share by the bank on Wednesday, January 15th. This represents a $1.84 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend is Tuesday, December 31st.

BancFirst has raised its dividend by an average of 7.9% annually over the last three years and has increased its dividend every year for the last 31 years. BancFirst has a dividend payout ratio of 29.8% 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 Price Performance

BancFirst stock opened at $128.09 on Tuesday. The stock has a market capitalization of $4.24 billion, a P/E ratio of 20.59 and a beta of 1.02. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.98 and a current ratio of 0.98. BancFirst has a 52 week low of $81.21 and a 52 week high of $132.29. The stock has a fifty day moving average of $111.87 and a 200-day moving average of $100.91.

BancFirst (NASDAQ:BANF) last issued its earnings results on Thursday, October 17th. The bank reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.18. The firm had revenue of $163.67 million for the quarter, compared to analyst estimates of $156.70 million. BancFirst had a net margin of 23.52% and a return on equity of 13.92%. On average, sell-side analysts expect that BancFirst will post 6.37 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. StockNews.com upgraded BancFirst from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th. DA Davidson boosted their price target on BancFirst from $104.00 to $110.00 and gave the stock a “neutral” rating in a report on Monday, October 21st.

Insider Buying and Selling

In other BancFirst news, EVP Randy Foraker sold 2,870 shares of the company’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $107.10, for a total transaction of $307,377.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director David E. Rainbolt sold 1,391 shares of the business’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $105.01, for a total value of $146,068.91. Following the completion of the transaction, the director now directly owns 215,024 shares in the company, valued at $22,579,670.24. This represents a 0.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 181,714 shares of company stock valued at $20,915,712 in the last three months. Insiders own 33.89% of the company’s stock.

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