DA Davidson Forecasts BancFirst’s Q1 Earnings (NASDAQ:BANF)

BancFirst Co. (NASDAQ:BANF) – Investment analysts at DA Davidson issued their Q1 2025 EPS estimates for shares of BancFirst in a report released on Tuesday, January 28th. DA Davidson analyst G. Tenner forecasts that the bank will post earnings of $1.60 per share for the quarter. DA Davidson has a “Neutral” rating and a $110.00 price objective on the stock. The consensus estimate for BancFirst’s current full-year earnings is $6.37 per share.

BancFirst (NASDAQ:BANF) last posted its 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 net margin of 23.52% and a return on equity of 13.92%.

Several other brokerages have also recently issued reports on BANF. StockNews.com cut BancFirst from a “hold” rating to a “sell” rating in a research report on Friday, January 24th. Keefe, Bruyette & Woods lifted their price objective 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.

BancFirst Stock Performance

Shares of BANF opened at $118.93 on Wednesday. The firm has a market capitalization of $3.94 billion, a P/E ratio of 19.12 and a beta of 1.06. BancFirst has a 52 week low of $81.21 and a 52 week high of $132.29. The stock has a 50 day moving average price of $121.25 and a two-hundred day moving average price of $112.16. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date was Tuesday, December 31st. BancFirst’s payout ratio is 28.57%.

Insider Buying and Selling

In related news, EVP Dennis Jay Hannah sold 10,543 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $126.58, for a total transaction of $1,334,532.94. Following the completion of 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Dennis L. Brand sold 4,000 shares of BancFirst stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $126.50, for a total transaction of $506,000.00. Following the completion of the sale, the executive vice president now directly owns 33,000 shares in the company, valued at approximately $4,174,500. This represents a 10.81 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 94,448 shares of company stock worth $11,626,527. 33.89% of the stock is owned by company insiders.

Hedge Funds Weigh In On BancFirst

Institutional investors and hedge funds have recently bought and sold shares of the company. Tectonic Advisors LLC raised its stake in shares of BancFirst by 11.3% in the fourth quarter. Tectonic Advisors LLC now owns 11,383 shares of the bank’s stock valued at $1,334,000 after buying an additional 1,157 shares during the period. Hodges Capital Management Inc. raised its stake in BancFirst by 81.6% in the 4th quarter. Hodges Capital Management Inc. now owns 73,000 shares of the bank’s stock valued at $8,554,000 after acquiring an additional 32,800 shares during the period. KBC Group NV raised its stake in BancFirst by 85.6% in the 4th quarter. KBC Group NV now owns 1,162 shares of the bank’s stock valued at $136,000 after acquiring an additional 536 shares during the period. Liberty One Investment Management LLC purchased a new stake in BancFirst during the fourth quarter valued at about $660,000. Finally, Ameritas Advisory Services LLC boosted its position in BancFirst by 110.0% during the fourth 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 period. 51.72% of the stock is owned by 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 BancFirst Metropolitan Banks, BancFirst Community Banks, Pegasus, Worthington, and Other Financial Services segments.