DA Davidson Has Optimistic View of BancFirst FY2025 Earnings

BancFirst Co. (NASDAQ:BANF) – Equities researchers at DA Davidson boosted their FY2025 earnings estimates for BancFirst in a research report issued to clients and investors on Tuesday, January 28th. DA Davidson analyst G. Tenner now forecasts that the bank will post earnings of $6.90 per share for the year, up from their previous estimate of $6.26. 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.

Other equities analysts also recently issued research reports about the company. Keefe, Bruyette & Woods upped their target price on BancFirst from $117.00 to $135.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. StockNews.com cut BancFirst from a “hold” rating to a “sell” rating in a research note on Friday, January 24th.

BancFirst Price Performance

Shares of BANF opened at $118.93 on Thursday. The company has a market capitalization of $3.94 billion, a price-to-earnings ratio of 19.12 and a beta of 1.06. BancFirst has a fifty-two week low of $81.21 and a fifty-two week high of $132.29. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.98 and a quick ratio of 0.98. The business’s 50-day moving average is $121.25 and its 200-day moving average is $112.16.

BancFirst (NASDAQ:BANF) last posted its quarterly earnings data on Thursday, January 23rd. The bank reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.07. BancFirst had a return on equity of 13.92% and a net margin of 23.52%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of BANF. Citigroup Inc. boosted its holdings in BancFirst by 39.1% in the third 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 last quarter. Sanctuary Advisors LLC boosted its holdings in BancFirst by 3.5% in the third quarter. Sanctuary Advisors LLC now owns 3,214 shares of the bank’s stock valued at $338,000 after acquiring an additional 110 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in BancFirst by 40.2% in the third quarter. Principal Financial Group Inc. now owns 101,276 shares of the bank’s stock valued at $10,659,000 after acquiring an additional 29,050 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in BancFirst by 33.8% in the third quarter. JPMorgan Chase & Co. now owns 129,204 shares of the bank’s stock valued at $13,599,000 after acquiring an additional 32,636 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in BancFirst by 13.7% in the third quarter. Geode Capital Management LLC now owns 482,785 shares of the bank’s stock valued at $50,823,000 after acquiring an additional 58,016 shares during the last quarter. 51.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at BancFirst

In other BancFirst news, Director William Scott Martin sold 15,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $117.00, for a total transaction of $1,755,000.00. Following the completion of the transaction, the director now directly owns 291,904 shares in the company, valued at $34,152,768. This represents a 4.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director F Ford Drummond sold 5,000 shares of the stock in a transaction on Wednesday, January 29th. The stock was sold at an average price of $117.97, for a total value of $589,850.00. Following the transaction, the director now owns 6,000 shares of the company’s stock, valued at $707,820. This represents a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 94,448 shares of company stock worth $11,626,527. 33.89% of the stock is owned by corporate insiders.

BancFirst Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $0.46 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.55%. BancFirst’s payout ratio is 28.57%.

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.