BancFirst Corporation (NASDAQ:BANF – Get Free Report) announced a quarterly dividend on Thursday, May 28th. Stockholders of record on Tuesday, June 30th will be given a dividend of 0.49 per share by the bank on Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, June 30th.
BancFirst has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 31 years. BancFirst has a payout ratio of 29.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect BancFirst to earn $7.67 per share next year, which means the company should continue to be able to cover its $1.96 annual dividend with an expected future payout ratio of 25.6%.
BancFirst Stock Performance
Shares of BancFirst stock opened at $114.58 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a market cap of $3.85 billion, a P/E ratio of 15.70 and a beta of 0.59. The firm has a 50 day simple moving average of $111.95 and a 200 day simple moving average of $111.45. BancFirst has a fifty-two week low of $101.48 and a fifty-two week high of $138.77.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on BANF shares. Weiss Ratings cut BancFirst from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. DA Davidson reaffirmed a “neutral” rating and set a $125.00 price target on shares of BancFirst in a research note on Friday, June 12th. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $124.00.
View Our Latest Stock Report on BANF
About BancFirst
BancFirst Corporation is a regional banking holding company based in Oklahoma City, Oklahoma. As the largest state‐chartered bank in Oklahoma, BancFirst offers a comprehensive suite of financial services to individuals, businesses and government entities. Its core business activities include commercial and consumer banking, mortgage lending, treasury management, equipment financing and electronic banking solutions.
The bank operates a network of more than 60 branches across Oklahoma, serving urban centers such as Oklahoma City and Tulsa, as well as rural communities throughout the state.
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