DA Davidson Has Optimistic View of BancFirst FY2025 Earnings

BancFirst Co. (NASDAQ:BANF) – Stock analysts at DA Davidson lifted their FY2025 earnings per share (EPS) estimates for shares of BancFirst in a research note issued on Tuesday, October 22nd. DA Davidson analyst G. Tenner now expects that the bank will post earnings per share of $6.19 for the year, up from their previous forecast of $5.76. DA Davidson currently has a “Neutral” rating and a $110.00 price objective on the stock. The consensus estimate for BancFirst’s current full-year earnings is $6.09 per share.

Several other research firms also recently issued reports on BANF. Piper Sandler lifted their price target on BancFirst from $84.50 to $95.00 and gave the company an “underweight” rating in a research note on Monday, July 22nd. StockNews.com downgraded BancFirst from a “hold” rating to a “sell” rating in a research note on Wednesday, September 4th.

BancFirst Stock Performance

BANF opened at $110.10 on Thursday. The business’s 50-day moving average price is $105.54 and its two-hundred day moving average price is $95.97. BancFirst has a 1 year low of $79.99 and a 1 year high of $115.62. The company has a market capitalization of $3.63 billion, a price-to-earnings ratio of 17.99 and a beta of 1.03. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.97 and a quick ratio of 0.97.

Hedge Funds Weigh In On BancFirst

A number of institutional investors have recently bought and sold shares of the business. Blue Trust Inc. increased its position in BancFirst by 33.9% during the third quarter. Blue Trust Inc. now owns 391 shares of the bank’s stock worth $41,000 after buying an additional 99 shares during the last quarter. Louisiana State Employees Retirement System increased its position in BancFirst by 1.4% during the second quarter. Louisiana State Employees Retirement System now owns 7,300 shares of the bank’s stock worth $640,000 after buying an additional 100 shares during the last quarter. Arizona State Retirement System increased its position in BancFirst by 1.9% during the second quarter. Arizona State Retirement System now owns 5,993 shares of the bank’s stock worth $526,000 after buying an additional 112 shares during the last quarter. Diversified Trust Co increased its position in BancFirst by 2.6% during the second quarter. Diversified Trust Co now owns 4,972 shares of the bank’s stock worth $436,000 after buying an additional 128 shares during the last quarter. Finally, Inspire Investing LLC boosted its holdings in shares of BancFirst by 3.9% during the first quarter. Inspire Investing LLC now owns 4,070 shares of the bank’s stock worth $358,000 after acquiring an additional 152 shares during the period. Institutional investors and hedge funds own 51.72% of the company’s stock.

Insider Activity at BancFirst

In related news, Director David E. Rainbolt sold 5,601 shares of BancFirst stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $110.21, for a total value of $617,286.21. Following the sale, the director now owns 208,723 shares of the company’s stock, valued at approximately $23,003,361.83. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director David E. Rainbolt sold 5,601 shares of BancFirst stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $110.21, for a total value of $617,286.21. Following the sale, the director now owns 208,723 shares of the company’s stock, valued at approximately $23,003,361.83. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Randy Foraker sold 2,870 shares of BancFirst stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $107.10, for a total value of $307,377.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 66,095 shares of company stock valued at $7,021,614. 33.89% of the stock is owned by insiders.

BancFirst Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a $0.46 dividend. The ex-dividend date was Monday, September 30th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.67%. This is an increase from BancFirst’s previous quarterly dividend of $0.43. BancFirst’s payout ratio is currently 30.07%.

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.