BancFirst (BANF) Given “Hold” Rating at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reiterated their hold rating on shares of BancFirst (NASDAQ:BANF) in a research report released on Friday morning. The brokerage currently has a $60.00 target price on the bank’s stock.

Other equities analysts also recently issued reports about the stock. BidaskClub raised shares of BancFirst from a hold rating to a buy rating in a research note on Friday, April 6th. ValuEngine downgraded shares of BancFirst from a hold rating to a sell rating in a research note on Monday, April 2nd. Finally, Zacks Investment Research downgraded shares of BancFirst from a buy rating to a hold rating in a research note on Wednesday, March 21st.

Shares of NASDAQ:BANF traded up $3.45 during midday trading on Friday, hitting $58.30. 159,157 shares of the stock traded hands, compared to its average volume of 34,148. The company has a market cap of $1,794.05, a price-to-earnings ratio of 21.43, a price-to-earnings-growth ratio of 1.62 and a beta of 0.70. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. BancFirst has a one year low of $45.74 and a one year high of $61.05.

BancFirst (NASDAQ:BANF) last issued its quarterly earnings data on Thursday, April 19th. The bank reported $0.95 EPS for the quarter, beating the consensus estimate of $0.82 by $0.13. The firm had revenue of $93.15 million during the quarter, compared to the consensus estimate of $90.57 million. BancFirst had a net margin of 23.61% and a return on equity of 12.87%. research analysts forecast that BancFirst will post 3.38 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 13th. Stockholders of record on Friday, March 30th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend was Wednesday, March 28th. BancFirst’s dividend payout ratio (DPR) is 30.88%.

In related news, EVP Kevin Lawrence sold 2,000 shares of the stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $56.30, for a total value of $112,600.00. Following the completion of the transaction, the executive vice president now directly owns 2,000 shares of the company’s stock, valued at $112,600. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Banking Ltd Ptnrshp R sold 44,590 shares of the stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $56.03, for a total transaction of $2,498,377.70. Following the completion of the transaction, the insider now directly owns 10,902,651 shares of the company’s stock, valued at $610,875,535.53. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 231,841 shares of company stock valued at $13,005,503. Insiders own 42.32% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. MetLife Investment Advisors LLC bought a new position in BancFirst in the fourth quarter worth about $367,000. Guggenheim Capital LLC raised its stake in BancFirst by 57.8% in the fourth quarter. Guggenheim Capital LLC now owns 35,761 shares of the bank’s stock worth $1,829,000 after buying an additional 13,100 shares in the last quarter. Deutsche Bank AG raised its stake in BancFirst by 134.7% in the fourth quarter. Deutsche Bank AG now owns 38,908 shares of the bank’s stock worth $1,988,000 after buying an additional 22,327 shares in the last quarter. BlackRock Inc. raised its stake in BancFirst by 2.1% in the fourth quarter. BlackRock Inc. now owns 1,131,701 shares of the bank’s stock worth $57,888,000 after buying an additional 22,802 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in BancFirst by 0.7% in the fourth quarter. Bank of New York Mellon Corp now owns 293,208 shares of the bank’s stock worth $14,997,000 after buying an additional 2,035 shares in the last quarter. 33.15% of the stock is owned by institutional investors.

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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. 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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