DA Davidson Has Negative View of BancFirst FY2025 Earnings

BancFirst Co. (NASDAQ:BANF) – DA Davidson cut their FY2025 earnings per share (EPS) estimates for shares of BancFirst in a report issued on Wednesday, April 2nd. DA Davidson analyst G. Tenner now expects that the bank will post earnings of $6.44 per share for the year, down from their previous estimate of $6.47. The consensus estimate for BancFirst’s current full-year earnings is $6.52 per share.

BancFirst (NASDAQ:BANF) last posted its quarterly earnings results on Thursday, January 23rd. The bank reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.07. BancFirst had a net margin of 23.52% and a return on equity of 14.21%.

Separately, StockNews.com downgraded BancFirst from a “hold” rating to a “sell” rating in a report on Friday.

BancFirst Stock Performance

NASDAQ:BANF opened at $100.43 on Friday. The company has a market cap of $3.34 billion, a price-to-earnings ratio of 15.59 and a beta of 0.82. The company has a fifty day simple moving average of $114.85 and a two-hundred day simple moving average of $115.75. BancFirst has a 52 week low of $81.21 and a 52 week high of $132.29. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.05.

BancFirst Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.46 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.83%. BancFirst’s dividend payout ratio (DPR) is 28.57%.

Insider Activity

In related news, Director F Ford Drummond sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $120.58, for a total value of $602,900.00. Following the completion of the sale, the director now directly owns 6,000 shares in the company, valued at approximately $723,480. The trade was a 45.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William Scott Martin sold 10,000 shares of the company’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $119.13, for a total value of $1,191,300.00. Following the sale, the director now owns 214,499 shares of the company’s stock, valued at $25,553,265.87. This represents a 4.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,000 shares of company stock worth $2,994,350 over the last three months. 33.89% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On BancFirst

Institutional investors and hedge funds have recently modified their holdings of the stock. Norges Bank purchased a new position in BancFirst in the 4th quarter worth approximately $26,649,000. Raymond James Financial Inc. acquired a new position in shares of BancFirst during the fourth quarter worth $11,958,000. State Street Corp boosted its stake in shares of BancFirst by 12.4% in the third quarter. State Street Corp now owns 872,101 shares of the bank’s stock valued at $92,187,000 after purchasing an additional 96,483 shares during the period. Geode Capital Management LLC grew its holdings in BancFirst by 13.7% during the 3rd quarter. Geode Capital Management LLC now owns 482,785 shares of the bank’s stock valued at $50,823,000 after purchasing an additional 58,016 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in BancFirst by 35.8% during the 4th quarter. JPMorgan Chase & Co. now owns 175,457 shares of the bank’s stock worth $20,560,000 after buying an additional 46,253 shares during the period. Hedge funds and other institutional investors own 51.72% of the company’s stock.

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.