BancFirst Corporation (NASDAQ:BANF) Raises Dividend to $0.52 Per Share

BancFirst Corporation (NASDAQ:BANF – Get Free Report) announced a quarterly dividend on Monday, September 21st. Investors of record on Wednesday, September 30th will be paid a dividend of 0.52 per share by the bank on Thursday, October 15th. This represents a c) dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Wednesday, September 30th. This is a 6.1% increase from BancFirst’s previous quarterly dividend of $0.49.

BancFirst has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 31 years. BancFirst has a dividend payout ratio of 29.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect BancFirst to earn $7.83 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 25.0%.

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BancFirst Price Performance

NASDAQ:BANF traded down $0.55 during trading hours on Wednesday, hitting $107.69. The stock had a trading volume of 43,413 shares, compared to its average volume of 144,794. The firm has a market capitalization of $3.62 billion, a price-to-earnings ratio of 14.53 and a beta of 0.60. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.03 and a quick ratio of 1.02. The company has a 50 day simple moving average of $112.89 and a two-hundred day simple moving average of $111.80. BancFirst has a one year low of $101.48 and a one year high of $132.29.

BancFirst (NASDAQ:BANF – Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The bank reported $1.96 EPS for the quarter, topping the consensus estimate of $1.80 by $0.16. BancFirst had a return on equity of 13.44% and a net margin of 25.61%.The company had revenue of $187.49 million during the quarter, compared to analyst estimates of $178.53 million. Research analysts forecast that BancFirst will post 7.67 earnings per share for the current fiscal year.

BancFirst Company Profile

(Get Free Report)

BancFirst Corporation is a bank holding company headquartered in Oklahoma City, Oklahoma. Its principal subsidiary, BancFirst, provides commercial and consumer banking services to individuals, businesses, agricultural customers and governmental entities.

The company offers deposit accounts, residential and commercial real estate loans, commercial and industrial lending, agricultural financing, consumer loans, treasury management and other traditional banking services. BancFirst also provides trust, investment and wealth management services, along with insurance-related products through affiliated operations.

Founded in 1989, BancFirst has expanded through organic growth and acquisitions and serves communities across Oklahoma through a statewide branch network.

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