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

BancFirst Co. (NASDAQ:BANF) declared 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 payment by an average of 7.9% annually over the last three years and has raised its dividend annually for the last 31 consecutive years. BancFirst has a 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

Shares of NASDAQ:BANF traded up $1.81 during midday trading on Monday, hitting $128.09. The company had a trading volume of 142,197 shares, compared to its average volume of 85,540. The business’s 50-day simple moving average is $111.42 and its 200-day simple moving average is $100.65. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a market cap of $4.24 billion, a price-to-earnings ratio of 20.79 and a beta of 1.02. BancFirst has a twelve month low of $81.21 and a twelve month high of $132.29.

BancFirst (NASDAQ:BANF) last released its quarterly earnings results on Thursday, October 17th. The bank reported $1.75 EPS for the quarter, topping the consensus estimate of $1.57 by $0.18. The business had revenue of $163.67 million during the quarter, compared to analyst estimates of $156.70 million. BancFirst had a return on equity of 13.92% and a net margin of 23.52%. On average, research analysts predict that BancFirst will post 6.37 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently commented 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 upped their target price on BancFirst from $104.00 to $110.00 and gave the company a “neutral” rating in a research note on Monday, October 21st.

Insider Transactions at BancFirst

In related news, Director David E. Rainbolt sold 18,376 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $106.22, for a total value of $1,951,898.72. Following the completion of the transaction, the director now owns 223,874 shares of the company’s stock, valued at approximately $23,779,896.28. This trade represents a 7.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Randy Foraker sold 2,870 shares of BancFirst 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 181,714 shares of company stock valued at $20,915,712. Insiders own 33.89% of the company’s stock.

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.