Q3 2023 EPS Estimates for BancFirst Co. (NASDAQ:BANF) Decreased by DA Davidson

BancFirst Co. (NASDAQ:BANF) – Research analysts at DA Davidson dropped their Q3 2023 EPS estimates for shares of BancFirst in a report issued on Monday, September 18th. DA Davidson analyst G. Tenner now expects that the bank will post earnings per share of $1.57 for the quarter, down from their prior estimate of $1.59. DA Davidson currently has a “Neutral” rating and a $91.00 target price on the stock. The consensus estimate for BancFirst’s current full-year earnings is $6.27 per share.

Several other research analysts also recently issued reports on BANF. StockNews.com initiated coverage on BancFirst in a research report on Thursday, August 17th. They set a “sell” rating for the company. Piper Sandler lifted their price objective on BancFirst from $73.00 to $82.00 and gave the stock an “underweight” rating in a research report on Monday, July 24th.

BancFirst Trading Down 2.1 %

Shares of BancFirst stock opened at $87.48 on Tuesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.94 and a quick ratio of 0.94. BancFirst has a 1 year low of $68.44 and a 1 year high of $104.00. The company has a market capitalization of $2.88 billion, a P/E ratio of 13.04 and a beta of 1.07. The business has a 50 day moving average price of $96.31 and a 200 day moving average price of $88.96.

BancFirst (NASDAQ:BANF) last issued its quarterly earnings data on Thursday, July 20th. The bank reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.03. BancFirst had a return on equity of 17.66% and a net margin of 30.43%. The firm had revenue of $153.90 million during the quarter, compared to the consensus estimate of $153.91 million.

BancFirst Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be paid a $0.43 dividend. This is a boost from BancFirst’s previous quarterly dividend of $0.40. This represents a $1.72 annualized dividend and a yield of 1.97%. The ex-dividend date is Thursday, September 28th. BancFirst’s payout ratio is presently 23.85%.

Institutional Trading of BancFirst

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bessemer Group Inc. grew its stake in shares of BancFirst by 1,221.1% during the 1st quarter. Bessemer Group Inc. now owns 502 shares of the bank’s stock valued at $42,000 after buying an additional 464 shares during the period. M&R Capital Management Inc. purchased a new stake in shares of BancFirst during the 2nd quarter valued at $53,000. Royal Bank of Canada grew its stake in shares of BancFirst by 19.4% during the 3rd quarter. Royal Bank of Canada now owns 745 shares of the bank’s stock valued at $66,000 after buying an additional 121 shares during the period. Steward Partners Investment Advisory LLC grew its stake in shares of BancFirst by 45.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 987 shares of the bank’s stock valued at $87,000 after buying an additional 309 shares during the period. Finally, Covestor Ltd lifted its holdings in shares of BancFirst by 43.0% during the 2nd quarter. Covestor Ltd now owns 1,097 shares of the bank’s stock valued at $101,000 after acquiring an additional 330 shares in the last quarter. 44.97% of the stock is owned by hedge funds and other institutional investors.

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 Metropolitan Banks, Community Banks, Pegasus, Worthington, and Other Financial Services segments.