DA Davidson Has Optimistic View of BancFirst FY2025 Earnings

BancFirst Co. (NASDAQ:BANF) – Investment analysts at DA Davidson upped their FY2025 earnings per share estimates for BancFirst in a note issued to investors on Tuesday, January 28th. DA Davidson analyst G. Tenner now anticipates that the bank will post earnings per share of $6.90 for the year, up from their prior forecast of $6.26. DA Davidson currently has a “Neutral” rating and a $110.00 target price on the stock. The consensus estimate for BancFirst’s current full-year earnings is $6.37 per share.

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

BancFirst Stock Up 0.7 %

Shares of BancFirst stock opened at $118.93 on Thursday. The business’s 50 day simple moving average is $121.25 and its 200 day simple moving average is $112.16. BancFirst has a 52-week low of $81.21 and a 52-week high of $132.29. The firm has a market cap of $3.94 billion, a PE ratio of 19.12 and a beta of 1.06. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.98 and a current ratio of 0.98.

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

Hedge Funds Weigh In On BancFirst

A number of institutional investors have recently modified their holdings of BANF. Hsbc Holdings PLC increased its holdings in BancFirst by 16.0% in the 2nd quarter. Hsbc Holdings PLC now owns 2,836 shares of the bank’s stock worth $249,000 after purchasing an additional 392 shares in the last quarter. Marshall Wace LLP acquired a new position in BancFirst in the 2nd quarter worth about $356,000. Cubist Systematic Strategies LLC acquired a new position in BancFirst in the 2nd quarter worth about $935,000. AQR Capital Management LLC acquired a new position in BancFirst in the 2nd quarter worth about $220,000. Finally, Millennium Management LLC increased its holdings in BancFirst by 499.6% in the 2nd quarter. Millennium Management LLC now owns 57,614 shares of the bank’s stock worth $5,053,000 after purchasing an additional 48,006 shares in the last quarter. Institutional investors and hedge funds own 51.72% of the company’s stock.

Insider Transactions at BancFirst

In other news, EVP Dennis Jay Hannah sold 10,543 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $126.58, for a total transaction of $1,334,532.94. Following the completion of the transaction, the executive vice president now owns 1,564 shares of the company’s stock, valued at approximately $197,971.12. The trade was a 87.08 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William Scott Martin sold 15,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $117.00, for a total value of $1,755,000.00. Following the transaction, the director now directly owns 291,904 shares of the company’s stock, valued at $34,152,768. This trade represents a 4.89 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 94,448 shares of company stock worth $11,626,527. 33.89% of the stock is owned by company insiders.

BancFirst Announces Dividend

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