BancFirst Co. (NASDAQ:BANF) Raises Dividend to $0.46 Per Share

BancFirst Co. (NASDAQ:BANF) declared a quarterly dividend on Thursday, August 22nd, Zacks reports. Investors of record on Monday, September 30th will be given a dividend of 0.46 per share by the bank on Tuesday, October 15th. This represents a $1.84 annualized dividend and a yield of 1.76%. The ex-dividend date is Monday, September 30th. This is a boost from BancFirst’s previous quarterly dividend of $0.43.

BancFirst has raised its dividend by an average of 7.9% per year over the last three years and has raised its dividend every year for the last 31 years. BancFirst has a dividend payout ratio of 30.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect BancFirst to earn $5.83 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 31.6%.

BancFirst Stock Up 0.4 %

BancFirst stock opened at $104.54 on Friday. BancFirst has a fifty-two week low of $79.99 and a fifty-two week high of $111.00. The firm has a market capitalization of $3.45 billion, a price-to-earnings ratio of 17.08 and a beta of 1.03. The stock’s fifty day moving average is $104.23 and its two-hundred day moving average is $93.37. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.97 and a current ratio of 0.97.

BancFirst (NASDAQ:BANF) last issued its quarterly earnings data on Thursday, July 18th. The bank reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.09. The firm had revenue of $153.84 million for the quarter, compared to analysts’ expectations of $149.75 million. BancFirst had a net margin of 23.46% and a return on equity of 13.89%. Analysts predict that BancFirst will post 6.07 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently issued reports on BANF shares. Piper Sandler lifted their price objective on BancFirst from $84.50 to $95.00 and gave the stock an “underweight” rating in a research report on Monday, July 22nd. StockNews.com cut BancFirst from a “hold” rating to a “sell” rating in a report on Wednesday, September 4th.

Insider Transactions at BancFirst

In related news, Director Dave R. Lopez sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $102.13, for a total transaction of $102,130.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director Dave R. Lopez sold 1,000 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $102.13, for a total value of $102,130.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Leslie Jeannine Rainbolt sold 10,371 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $105.02, for a total value of $1,089,162.42. Following the completion of the sale, the director now directly owns 4,944,702 shares in the company, valued at $519,292,604.04. The disclosure for this sale can be found here. Insiders sold a total of 67,564 shares of company stock worth $7,150,517 over the last ninety days. 33.89% of the stock is currently owned by corporate insiders.

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.