Shares of BancFirst Co. (NASDAQ:BANF) have been given an average broker rating score of 3.00 (Hold) from the three brokers that cover the company, Zacks Investment Research reports. Three investment analysts have rated the stock with a hold recommendation.
Analysts have set a 1 year consensus target price of $63.50 for the company and are forecasting that the company will post $0.91 earnings per share for the current quarter, according to Zacks. Zacks has also assigned BancFirst an industry rank of 204 out of 255 based on the ratings given to related companies.
Several equities research analysts have commented on BANF shares. BidaskClub lowered shares of BancFirst from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 16th. Zacks Investment Research upgraded shares of BancFirst from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a research report on Monday, July 23rd. Finally, ValuEngine lowered shares of BancFirst from a “hold” rating to a “sell” rating in a research report on Monday.
In related news, insider Kevin Lawrence sold 5,000 shares of the business’s stock in a transaction dated Monday, July 23rd. The shares were sold at an average price of $64.00, for a total value of $320,000.00. Following the completion of the transaction, the insider now owns 5,000 shares of the company’s stock, valued at approximately $320,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mark Gish sold 1,500 shares of the business’s stock in a transaction dated Wednesday, July 25th. The shares were sold at an average price of $63.86, for a total transaction of $95,790.00. Following the completion of the transaction, the insider now directly owns 1,000 shares of the company’s stock, valued at approximately $63,860. The disclosure for this sale can be found here. Insiders sold a total of 8,632 shares of company stock worth $550,609 over the last quarter. Insiders own 42.32% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. increased its stake in shares of BancFirst by 8.5% during the 2nd quarter. BlackRock Inc. now owns 1,222,926 shares of the bank’s stock valued at $72,398,000 after acquiring an additional 96,269 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of BancFirst by 2.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,169,077 shares of the bank’s stock valued at $69,210,000 after acquiring an additional 29,538 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of BancFirst by 12.2% during the 2nd quarter. Janus Henderson Group PLC now owns 652,437 shares of the bank’s stock valued at $38,624,000 after acquiring an additional 70,732 shares during the last quarter. Northern Trust Corp increased its stake in shares of BancFirst by 0.4% during the 1st quarter. Northern Trust Corp now owns 505,553 shares of the bank’s stock valued at $26,845,000 after acquiring an additional 1,785 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of BancFirst by 1.5% during the 2nd quarter. Renaissance Technologies LLC now owns 210,900 shares of the bank’s stock valued at $12,485,000 after acquiring an additional 3,100 shares during the last quarter. 33.38% of the stock is owned by institutional investors.
Shares of NASDAQ BANF traded down $0.45 during trading on Monday, hitting $60.55. 46,000 shares of the company were exchanged, compared to its average volume of 41,772. The firm has a market capitalization of $2.02 billion, a P/E ratio of 22.26, a PEG ratio of 1.68 and a beta of 0.67. BancFirst has a 1 year low of $50.80 and a 1 year high of $65.70. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.03 and a current ratio of 1.03.
BancFirst (NASDAQ:BANF) last issued its earnings results on Friday, July 20th. The bank reported $0.91 EPS for the quarter, topping the consensus estimate of $0.85 by $0.06. The company had revenue of $95.32 million for the quarter, compared to analyst estimates of $94.26 million. BancFirst had a net margin of 25.59% and a return on equity of 13.04%. sell-side analysts forecast that BancFirst will post 3.67 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Friday, September 28th will be given a dividend of $0.30 per share. This is a positive change from BancFirst’s previous quarterly dividend of $0.21. This represents a $1.20 annualized dividend and a dividend yield of 1.98%. The ex-dividend date is Thursday, September 27th. BancFirst’s payout ratio is presently 30.88%.
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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