BancFirst Co. (NASDAQ:BANF – Get Free Report) announced a quarterly dividend on Thursday, May 23rd, Wall Street Journal reports. Shareholders of record on Friday, June 28th will be paid a dividend of 0.43 per share by the bank on Monday, July 15th. This represents a $1.72 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend is Friday, June 28th.
BancFirst has raised its dividend by an average of 7.9% per year over the last three years and has increased its dividend annually for the last 30 consecutive years. BancFirst has a dividend payout ratio of 30.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect BancFirst to earn $5.51 per share next year, which means the company should continue to be able to cover its $1.72 annual dividend with an expected future payout ratio of 31.2%.
BancFirst Trading Down 0.1 %
NASDAQ BANF traded down $0.10 on Wednesday, reaching $84.65. The company had a trading volume of 20,072 shares, compared to its average volume of 62,778. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.06. BancFirst has a 52 week low of $79.99 and a 52 week high of $104.00. The stock has a market cap of $2.79 billion, a price-to-earnings ratio of 13.85 and a beta of 1.04. The stock’s 50 day moving average is $87.51 and its 200-day moving average is $88.95.
Insider Buying and Selling
In other news, EVP Dennis Jay Hannah sold 300 shares of the company’s stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $92.06, for a total value of $27,618.00. Following the completion of the transaction, the executive vice president now owns 18,414 shares in the company, valued at $1,695,192.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Dennis Jay Hannah sold 300 shares of the business’s stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $92.06, for a total value of $27,618.00. Following the sale, the executive vice president now directly owns 18,414 shares in the company, valued at $1,695,192.84. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Kevin Lawrence sold 10,000 shares of the stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $90.00, for a total value of $900,000.00. Following the transaction, the executive vice president now owns 10,000 shares of the company’s stock, valued at $900,000. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,000 shares of company stock valued at $1,453,360. 33.89% of the stock is owned by company insiders.
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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