Equities Analysts Offer Predictions for BancFirst Co.’s Q2 2024 Earnings (NASDAQ:BANF)

BancFirst Co. (NASDAQ:BANF) – Stock analysts at DA Davidson issued their Q2 2024 EPS estimates for BancFirst in a research note issued on Monday, April 22nd. DA Davidson analyst G. Tenner forecasts that the bank will earn $1.46 per share for the quarter. DA Davidson has a “Neutral” rating and a $92.00 price objective on the stock. The consensus estimate for BancFirst’s current full-year earnings is $5.36 per share. DA Davidson also issued estimates for BancFirst’s FY2025 earnings at $5.48 EPS.

BancFirst Trading Up 2.2 %

Shares of BANF stock opened at $91.28 on Tuesday. The stock has a market capitalization of $3.01 billion, a P/E ratio of 14.92 and a beta of 1.09. BancFirst has a fifty-two week low of $68.44 and a fifty-two week high of $104.00. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.95 and a current ratio of 0.95. The company has a 50 day moving average price of $86.51 and a 200 day moving average price of $88.15.

BancFirst Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a $0.43 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.72 dividend on an annualized basis and a yield of 1.88%. BancFirst’s dividend payout ratio (DPR) is presently 28.10%.

Insider Buying and Selling

In other news, EVP Dennis Jay Hannah sold 1,000 shares of BancFirst stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $90.07, for a total value of $90,070.00. Following the completion of the transaction, the executive vice president now owns 23,714 shares in the company, valued at approximately $2,135,919.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other BancFirst news, EVP Kevin Lawrence sold 1,529 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $88.00, for a total value of $134,552.00. Following the sale, the executive vice president now directly owns 10,000 shares in the company, valued at $880,000. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Dennis Jay Hannah sold 1,000 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $90.07, for a total value of $90,070.00. Following the transaction, the executive vice president now directly owns 23,714 shares of the company’s stock, valued at $2,135,919.98. The disclosure for this sale can be found here. Insiders sold 19,000 shares of company stock valued at $1,678,510 in the last three months. 33.89% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On BancFirst

Hedge funds and other institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC purchased a new position in BancFirst in the fourth quarter valued at approximately $25,000. Covestor Ltd boosted its holdings in shares of BancFirst by 13.9% in the 3rd quarter. Covestor Ltd now owns 1,250 shares of the bank’s stock valued at $108,000 after buying an additional 153 shares in the last quarter. National Bank of Canada FI purchased a new position in shares of BancFirst in the 3rd quarter valued at $140,000. D.A. Davidson & CO. acquired a new stake in BancFirst during the 4th quarter worth $216,000. Finally, Pathstone Family Office LLC purchased a new stake in BancFirst in the third quarter valued at $219,000. Institutional investors and hedge funds own 51.72% 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.