DA Davidson Has Optimistic View of BancFirst FY2025 Earnings

BancFirst Co. (NASDAQ:BANF) – DA Davidson increased their FY2025 EPS estimates for shares of BancFirst in a research note 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 estimate 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.

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

BancFirst Stock Up 1.4 %

Shares of BANF 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. BancFirst has a 52-week low of $81.21 and a 52-week high of $132.29. The stock has a fifty day simple moving average of $119.79 and a two-hundred day simple moving average of $105.61. The company has a market capitalization of $3.94 billion, a PE ratio of 19.11 and a beta of 1.05.

BancFirst (NASDAQ:BANF) last posted its quarterly earnings results on Thursday, October 17th. The bank reported $1.75 EPS for the quarter, beating 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 firm had revenue of $163.67 million during the quarter, compared to analysts’ expectations of $156.70 million.

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 paid a dividend of $0.46 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.84 dividend on an annualized basis and a yield of 1.55%. BancFirst’s dividend payout ratio is presently 29.58%.

Insider Activity

In other news, major shareholder Main Street Banking Partners L sold 778 shares of the business’s stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $110.00, for a total transaction of $85,580.00. Following the transaction, the insider now directly owns 4,941,772 shares in the company, valued at $543,594,920. The trade was a 0.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Dennis L. Brand sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $126.50, for a total value of $506,000.00. Following the completion of the sale, the executive vice president now directly owns 33,000 shares of the company’s stock, valued at $4,174,500. This represents a 10.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 129,150 shares of company stock valued at $15,442,825 in the last ninety days. 33.89% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On BancFirst

Several hedge funds have recently bought and sold shares of BANF. Louisiana State Employees Retirement System increased its stake in shares of BancFirst by 1.4% during the 2nd quarter. Louisiana State Employees Retirement System now owns 7,300 shares of the bank’s stock worth $640,000 after purchasing an additional 100 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of BancFirst by 49.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,058 shares of the bank’s stock worth $444,000 after buying an additional 1,675 shares during the period. Victory Capital Management Inc. lifted its position in shares of BancFirst by 8.6% during the second quarter. Victory Capital Management Inc. now owns 8,798 shares of the bank’s stock worth $772,000 after purchasing an additional 700 shares in the last quarter. Arizona State Retirement System grew its stake in shares of BancFirst by 1.9% during the second quarter. Arizona State Retirement System now owns 5,993 shares of the bank’s stock valued at $526,000 after acquiring an additional 112 shares in the last quarter. Finally, Wakefield Asset Management LLLP purchased a new position in shares of BancFirst during the 2nd quarter valued at approximately $906,000. 51.72% of the stock is owned by hedge funds and other institutional investors.

BancFirst Company Profile

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.