FY2024 Earnings Estimate for BancFirst Co. Issued By DA Davidson (NASDAQ:BANF)

BancFirst Co. (NASDAQ:BANF) – Analysts at DA Davidson increased their FY2024 earnings per share (EPS) estimates for shares of BancFirst in a research report issued on Monday, April 22nd. DA Davidson analyst G. Tenner now anticipates that the bank will post earnings per share of $5.84 for the year, up from their prior estimate of $5.44. DA Davidson currently has a “Neutral” rating and a $92.00 target price on the stock. The consensus estimate for BancFirst’s current full-year earnings is $5.36 per share.

BancFirst Price Performance

Shares of BancFirst stock opened at $92.36 on Wednesday. The company has a market cap of $3.04 billion, a PE ratio of 15.09 and a beta of 1.09. The business has a 50 day moving average of $86.65 and a 200 day moving average of $88.18. BancFirst has a 52 week low of $68.44 and a 52 week high of $104.00. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.06.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. BancFirst Trust & Investment Management increased its stake in shares of BancFirst by 4.2% during the first quarter. BancFirst Trust & Investment Management now owns 1,127,415 shares of the bank’s stock valued at $99,246,000 after purchasing an additional 45,629 shares in the last quarter. Dimensional Fund Advisors LP increased its position in BancFirst by 1.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 963,163 shares of the bank’s stock valued at $93,748,000 after buying an additional 9,751 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its position in BancFirst by 11.5% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 246,742 shares of the bank’s stock valued at $21,400,000 after buying an additional 25,541 shares in the last quarter. Norges Bank purchased a new position in BancFirst during the fourth quarter valued at $23,802,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in BancFirst by 7.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 169,562 shares of the bank’s stock worth $16,503,000 after acquiring an additional 12,457 shares in the last quarter. 51.72% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Dennis Jay Hannah sold 4,000 shares of the stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $88.45, for a total value of $353,800.00. Following the completion of the transaction, the executive vice president now directly owns 28,714 shares of the company’s stock, valued at $2,539,753.30. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, EVP Dennis Jay Hannah sold 4,000 shares of BancFirst stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $88.45, for a total transaction of $353,800.00. Following the sale, the executive vice president now directly owns 28,714 shares in the company, valued at $2,539,753.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kevin Lawrence sold 7,312 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $88.00, for a total value of $643,456.00. Following the completion of the sale, the executive vice president now directly owns 10,000 shares in the company, valued at $880,000. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,000 shares of company stock valued at $1,678,510. Corporate insiders own 33.89% of the company’s stock.

BancFirst Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a $0.43 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.72 annualized dividend and a dividend yield of 1.86%. BancFirst’s dividend payout ratio is 28.10%.

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.