DA Davidson Issues Positive Outlook for BancFirst Earnings

BancFirst Co. (NASDAQ:BANF) – Investment analysts at DA Davidson boosted their FY2025 EPS estimates for BancFirst in a report issued on Thursday, December 19th. DA Davidson analyst G. Tenner now expects that the bank will earn $6.26 per share for the year, up from their prior forecast of $6.19. DA Davidson has a “Neutral” rating and a $110.00 price objective on the stock. The consensus estimate for BancFirst’s current full-year earnings is $6.37 per share.

Several other research firms also recently issued reports on BANF. StockNews.com upgraded BancFirst from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th. Keefe, Bruyette & Woods upped their target price on BancFirst from $117.00 to $135.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th.

BancFirst Stock Performance

Shares of BancFirst stock opened at $118.84 on Friday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.05. The company has a market cap of $3.94 billion, a PE ratio of 19.11 and a beta of 1.05. The business has a 50 day moving average price of $119.54 and a 200-day moving average price of $105.37. BancFirst has a 52 week low of $81.21 and a 52 week high of $132.29.

BancFirst (NASDAQ:BANF) last announced its earnings results on Thursday, October 17th. The bank reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.18. BancFirst had a return on equity of 13.92% and a net margin of 23.52%. The business had revenue of $163.67 million during the quarter, compared to analyst estimates of $156.70 million.

Hedge Funds Weigh In On BancFirst

Institutional investors and hedge funds have recently modified their holdings of the stock. Citigroup Inc. boosted its holdings in BancFirst by 39.1% during the 3rd quarter. Citigroup Inc. now owns 37,107 shares of the bank’s stock valued at $3,906,000 after acquiring an additional 10,425 shares during the period. Blue Trust Inc. grew its stake in BancFirst by 33.9% in the 3rd quarter. Blue Trust Inc. now owns 391 shares of the bank’s stock worth $41,000 after acquiring an additional 99 shares in the last quarter. Intech Investment Management LLC bought a new stake in shares of BancFirst during the third quarter valued at approximately $671,000. Raymond James & Associates boosted its holdings in shares of BancFirst by 4.1% in the third quarter. Raymond James & Associates now owns 95,076 shares of the bank’s stock valued at $10,007,000 after purchasing an additional 3,720 shares during the period. Finally, FMR LLC grew its stake in BancFirst by 11.0% in the third quarter. FMR LLC now owns 66,533 shares of the bank’s stock worth $7,003,000 after purchasing an additional 6,599 shares in the last quarter. Hedge funds and other institutional investors own 51.72% of the company’s stock.

Insider Activity

In other news, Director William Scott Martin sold 5,000 shares of the company’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $113.50, for a total value of $567,500.00. Following the completion of the transaction, the director now owns 306,904 shares of the company’s stock, valued at $34,833,604. This represents a 1.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Leslie Jeannine Rainbolt sold 2,152 shares of the stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $110.47, for a total transaction of $237,731.44. Following the sale, the director now directly owns 4,942,550 shares of the company’s stock, valued at approximately $546,003,498.50. This trade represents a 0.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 129,150 shares of company stock valued at $15,442,825 over the last ninety days. 33.89% of the stock is currently owned by corporate insiders.

BancFirst Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend is Tuesday, December 31st. BancFirst’s dividend payout ratio (DPR) is currently 29.58%.

About BancFirst

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.