BancFirst Co. (BANF) Declares Quarterly Dividend of $0.30

BancFirst Co. (NASDAQ:BANF) announced a quarterly dividend on Monday, March 4th, Wall Street Journal reports. Stockholders of record on Friday, March 29th will be paid a dividend of 0.30 per share by the bank on Monday, April 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date is Thursday, March 28th.

BancFirst has increased its dividend by an average of 10.5% annually over the last three years and has raised its dividend every year for the last 17 years. BancFirst has a dividend payout ratio of 32.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect BancFirst to earn $3.83 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 31.3%.

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Shares of BANF traded down $0.38 during mid-day trading on Monday, reaching $56.25. The company’s stock had a trading volume of 36,138 shares, compared to its average volume of 41,982. The firm has a market cap of $1.87 billion, a price-to-earnings ratio of 14.76, a PEG ratio of 2.16 and a beta of 0.77. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.02. BancFirst has a 52 week low of $48.07 and a 52 week high of $65.70.

BancFirst (NASDAQ:BANF) last announced its quarterly earnings data on Thursday, January 17th. The bank reported $0.98 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.04. BancFirst had a net margin of 27.17% and a return on equity of 14.86%. The firm had revenue of $100.74 million during the quarter, compared to analyst estimates of $97.57 million. As a group, equities research analysts predict that BancFirst will post 3.76 earnings per share for the current year.

Several equities research analysts have recently commented on BANF shares. BidaskClub raised shares of BancFirst from a “strong sell” rating to a “sell” rating in a research report on Tuesday, December 25th. Zacks Investment Research raised shares of BancFirst from a “hold” rating to a “buy” rating and set a $63.00 price target for the company in a research report on Thursday, November 29th. Finally, ValuEngine raised shares of BancFirst from a “sell” rating to a “hold” rating in a research report on Monday, February 4th.

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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. It operates through Metropolitan Banks, Community Banks, and Other Financial Services segments. The company offers checking accounts, negotiable order of withdrawal accounts, savings accounts, money market accounts, sweep accounts, club accounts, individual retirement accounts, and certificates of deposit, as well as overdraft protection and auto draft services.

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