FY2025 Earnings Forecast for BancFirst Issued By DA Davidson

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

BancFirst (NASDAQ:BANF) last posted its quarterly earnings results on Thursday, January 23rd. The bank reported $1.68 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%.

Other analysts also recently issued research reports about the stock. 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 lowered BancFirst from a “hold” rating to a “sell” rating in a research note on Friday, January 24th.

BancFirst Price Performance

BancFirst stock opened at $118.15 on Thursday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.05. The stock has a market cap of $3.91 billion, a P/E ratio of 19.00 and a beta of 1.06. The company has a 50-day moving average price of $121.33 and a 200 day moving average price of $112.11. BancFirst has a 12-month low of $81.21 and a 12-month high of $132.29.

BancFirst Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a $0.46 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.84 annualized dividend and a dividend yield of 1.56%. BancFirst’s dividend payout ratio is currently 29.58%.

Insider Buying and Selling

In related news, Director William Scott Martin sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $123.00, for a total transaction of $3,075,000.00. Following the sale, the director now directly owns 249,106 shares of the company’s stock, valued at $30,640,038. This represents a 9.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Dennis Jay Hannah sold 10,543 shares of the stock in a transaction that occurred 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 sale, the executive vice president now owns 1,564 shares in the company, valued at approximately $197,971.12. This trade represents a 87.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 94,448 shares of company stock valued at $11,626,527. Company insiders own 33.89% of the company’s stock.

Institutional Trading of BancFirst

Several hedge funds have recently modified their holdings of the stock. Tectonic Advisors LLC grew its stake in BancFirst by 11.3% during the 4th quarter. Tectonic Advisors LLC now owns 11,383 shares of the bank’s stock worth $1,334,000 after purchasing an additional 1,157 shares in the last quarter. Hodges Capital Management Inc. grew its position in shares of BancFirst by 81.6% during the fourth quarter. Hodges Capital Management Inc. now owns 73,000 shares of the bank’s stock worth $8,554,000 after buying an additional 32,800 shares in the last quarter. KBC Group NV raised its holdings in BancFirst by 85.6% in the fourth quarter. KBC Group NV now owns 1,162 shares of the bank’s stock valued at $136,000 after acquiring an additional 536 shares in the last quarter. Liberty One Investment Management LLC purchased a new position in BancFirst in the fourth quarter worth approximately $660,000. Finally, Ameritas Advisory Services LLC lifted its position in shares of BancFirst by 110.0% during the 4th quarter. Ameritas Advisory Services LLC now owns 5,020 shares of the bank’s stock worth $588,000 after purchasing an additional 2,630 shares during the last quarter. 51.72% of the stock is currently owned by institutional investors and hedge funds.

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.