BancFirst Corporation (NASDAQ:BANF) Plans $0.49 Quarterly Dividend

BancFirst Corporation (NASDAQ:BANF - Get Free Report) announced a quarterly dividend on Thursday, November 20th. Shareholders of record on Wednesday, December 31st will be given a dividend of 0.49 per share by the bank on Thursday, January 15th. This represents a c) dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Wednesday, December 31st.

BancFirst has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 31 consecutive years. BancFirst has a dividend payout ratio of 29.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect BancFirst to earn $6.10 per share next year, which means the company should continue to be able to cover its $1.96 annual dividend with an expected future payout ratio of 32.1%.

BancFirst Stock Up 4.7%

Shares of BancFirst stock traded up $4.98 during trading hours on Friday, hitting $111.48. The company had a trading volume of 105,194 shares, compared to its average volume of 115,561. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.01 and a quick ratio of 1.01. The company's 50-day moving average is $118.94 and its two-hundred day moving average is $123.91. The company has a market cap of $3.72 billion, a P/E ratio of 15.81 and a beta of 0.78. BancFirst has a twelve month low of $97.02 and a twelve month high of $138.77.

BancFirst (NASDAQ:BANF - Get Free Report) last released its quarterly earnings data on Friday, October 17th. The bank reported $1.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.87 by ($0.02). BancFirst had a net margin of 24.94% and a return on equity of 14.19%. The company had revenue of $175.48 million during the quarter, compared to analyst estimates of $174.60 million. Analysts anticipate that BancFirst will post 6.52 earnings per share for the current fiscal year.

Institutional Investors Weigh In On BancFirst

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BancFirst Trust & Investment Management increased its stake in BancFirst by 0.8% in the 3rd quarter. BancFirst Trust & Investment Management now owns 886,571 shares of the bank's stock valued at $113,224,000 after purchasing an additional 7,056 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of BancFirst by 0.6% during the 2nd quarter. Geode Capital Management LLC now owns 501,163 shares of the bank's stock worth $61,962,000 after buying an additional 2,759 shares during the last quarter. Norges Bank acquired a new stake in BancFirst in the 2nd quarter valued at about $32,326,000. American Century Companies Inc. increased its holdings in BancFirst by 648.6% during the 2nd quarter. American Century Companies Inc. now owns 164,160 shares of the bank's stock valued at $20,294,000 after acquiring an additional 142,232 shares in the last quarter. Finally, Invesco Ltd. raised its position in BancFirst by 73.4% during the third quarter. Invesco Ltd. now owns 163,512 shares of the bank's stock worth $20,676,000 after acquiring an additional 69,192 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.

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