BancFirst (NASDAQ:BANF) Releases Earnings Results, Beats Estimates By $0.08 EPS

BancFirst (NASDAQ:BANF) announced its earnings results on Thursday. The bank reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.08, Zacks reports. BancFirst had a net margin of 25.05% and a return on equity of 13.68%. The business had revenue of $179.00 million for the quarter, compared to analyst estimates of $177.19 million. During the same quarter in the previous year, the firm posted $1.66 earnings per share.

BancFirst Stock Down 1.1%

Shares of BANF opened at $111.67 on Friday. The firm has a market capitalization of $3.75 billion, a price-to-earnings ratio of 15.68 and a beta of 0.61. BancFirst has a 52 week low of $101.48 and a 52 week high of $138.77. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.03 and a current ratio of 1.03. The business’s fifty day moving average price is $111.47 and its two-hundred day moving average price is $112.33.

BancFirst Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were given a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 1.8%. The ex-dividend date was Tuesday, March 31st. BancFirst’s payout ratio is 27.53%.

Hedge Funds Weigh In On BancFirst

Several large investors have recently bought and sold shares of BANF. Corient Private Wealth LLC raised its position in shares of BancFirst by 56.4% during the 4th quarter. Corient Private Wealth LLC now owns 3,623 shares of the bank’s stock valued at $384,000 after acquiring an additional 1,306 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in BancFirst by 8.5% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 17,594 shares of the bank’s stock valued at $1,865,000 after buying an additional 1,382 shares during the period. Voloridge Investment Management LLC boosted its holdings in BancFirst by 35.4% during the fourth quarter. Voloridge Investment Management LLC now owns 32,290 shares of the bank’s stock worth $3,423,000 after buying an additional 8,441 shares during the last quarter. Tudor Investment Corp ET AL grew its position in shares of BancFirst by 933.0% during the 4th quarter. Tudor Investment Corp ET AL now owns 31,105 shares of the bank’s stock worth $3,298,000 after buying an additional 28,094 shares during the period. Finally, Twinbeech Capital LP bought a new stake in shares of BancFirst in the 4th quarter valued at about $211,000. 51.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently commented on BANF shares. Weiss Ratings downgraded shares of BancFirst from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, March 27th. DA Davidson reiterated a “neutral” rating and set a $125.00 target price on shares of BancFirst in a research report on Monday, March 9th. Finally, Keefe, Bruyette & Woods raised their price target on shares of BancFirst from $120.00 to $123.00 and gave the stock a “market perform” rating in a research note on Friday, January 23rd. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat, BancFirst presently has an average rating of “Hold” and a consensus price target of $124.00.

BancFirst Company Profile

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.