Fintel reports that on July 24, 2023, DA Davidson maintained coverage of Bancfirst (NASDAQ:BANF) with a Neutral recommendation.
Analyst Price Forecast Suggests 15.31% Downside
As of July 6, 2023, the average one-year price target for Bancfirst is 84.66. The forecasts range from a low of 73.73 to a high of $94.50. The average price target represents a decrease of 15.31% from its latest reported closing price of 99.97.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Bancfirst is 642MM, an increase of 5.58%. The projected annual non-GAAP EPS is 6.66.
Bancfirst Declares $0.40 Dividend
On May 25, 2023 the company declared a regular quarterly dividend of $0.40 per share ($1.60 annualized). Shareholders of record as of June 30, 2023 received the payment on July 17, 2023. Previously, the company paid $0.40 per share.
At the current share price of $99.97 / share, the stock's dividend yield is 1.60%.
Looking back five years and taking a sample every week, the average dividend yield has been 2.19%, the lowest has been 1.23%, and the highest has been 4.02%. The standard deviation of yields is 0.54 (n=235).
The current dividend yield is 1.10 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.23. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.25%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 449 funds or institutions reporting positions in Bancfirst. This is a decrease of 25 owner(s) or 5.27% in the last quarter. Average portfolio weight of all funds dedicated to BANF is 0.23%, an increase of 18.41%. Total shares owned by institutions increased in the last three months by 1.52% to 16,256K shares. 
The put/call ratio of BANF is 0.01, indicating a bullish outlook.
What are Other Shareholders Doing?
Kayne Anderson Rudnick Investment Management holds 2,234K shares representing 6.78% ownership of the company. In it's prior filing, the firm reported owning 2,187K shares, representing an increase of 2.11%. The firm decreased its portfolio allocation in BANF by 9.27% over the last quarter.
IJR - iShares Core S&P Small-Cap ETF holds 1,271K shares representing 3.86% ownership of the company. In it's prior filing, the firm reported owning 1,291K shares, representing a decrease of 1.59%. The firm decreased its portfolio allocation in BANF by 9.87% over the last quarter.
BancFirst Trust & Investment Management holds 1,122K shares representing 3.41% ownership of the company. In it's prior filing, the firm reported owning 1,129K shares, representing a decrease of 0.57%. The firm increased its portfolio allocation in BANF by 9.39% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 557K shares representing 1.69% ownership of the company. In it's prior filing, the firm reported owning 553K shares, representing an increase of 0.62%. The firm decreased its portfolio allocation in BANF by 12.44% over the last quarter.
NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 474K shares representing 1.44% ownership of the company. In it's prior filing, the firm reported owning 466K shares, representing an increase of 1.69%. The firm decreased its portfolio allocation in BANF by 8.00% over the last quarter.
Bancfirst Background Information
(This description is provided by the company.)
BancFirst Corporation is a corporation which operates under the name BancFirst, a state chartered bank in Oklahoma, United States.
Additional reading:
- BANCFIRST CORPORATION REPORTS SECOND QUARTER EARNINGS
- BANCFIRST CORPORATION 2023 Restricted Stock Unit Plan ARTICLE I
- Amended and Restated By-Laws of BancFirst Corporation.
- BANCFIRST CORPORATION REPORTS FIRST QUARTER EARNINGS
- BancFirst Corporation 2023 Restricted Stock Unit Plan
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
