BancFirst Co. (NASDAQ:BANF) has earned an average broker rating score of 3.00 (Hold) from the three analysts that provide coverage for the company, Zacks Investment Research reports. Three analysts have rated the stock with a hold recommendation.
Brokers have set a 1-year consensus target price of $61.00 for the company and are predicting that the company will post $0.94 EPS for the current quarter, according to Zacks. Zacks has also assigned BancFirst an industry rank of 102 out of 256 based on the ratings given to related companies.
Several research firms have issued reports on BANF. BidaskClub raised BancFirst from a “strong sell” rating to a “sell” rating in a report on Saturday, May 4th. Zacks Investment Research raised BancFirst from a “hold” rating to a “buy” rating and set a $63.00 price target on the stock in a report on Tuesday, April 23rd. Finally, ValuEngine cut BancFirst from a “hold” rating to a “sell” rating in a report on Wednesday, March 6th.
In other news, Director Ronald J. Norick bought 2,000 shares of the business’s stock in a transaction on Tuesday, May 28th. The shares were bought at an average cost of $53.74 per share, with a total value of $107,480.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 38.27% of the stock is owned by insiders.
A number of large investors have recently made changes to their positions in the business. Marshall Wace LLP acquired a new position in shares of BancFirst in the first quarter worth $527,000. Zebra Capital Management LLC increased its stake in shares of BancFirst by 14.5% in the first quarter. Zebra Capital Management LLC now owns 12,429 shares of the bank’s stock worth $648,000 after acquiring an additional 1,576 shares during the last quarter. Oxford Asset Management LLP increased its stake in shares of BancFirst by 39.2% in the first quarter. Oxford Asset Management LLP now owns 65,727 shares of the bank’s stock worth $3,428,000 after acquiring an additional 18,516 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of BancFirst by 5.3% in the first quarter. Geode Capital Management LLC now owns 335,773 shares of the bank’s stock worth $17,510,000 after acquiring an additional 16,751 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of BancFirst by 1.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 127,436 shares of the bank’s stock worth $6,646,000 after acquiring an additional 2,390 shares during the last quarter. 34.04% of the stock is currently owned by institutional investors.
Shares of NASDAQ BANF traded up $0.21 during trading on Friday, hitting $57.56. The company had a trading volume of 60,327 shares, compared to its average volume of 47,526. The stock has a market capitalization of $1.88 billion, a P/E ratio of 15.05, a P/E/G ratio of 2.10 and a beta of 0.83. BancFirst has a 52 week low of $48.07 and a 52 week high of $65.70. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.99 and a current ratio of 0.99.
BancFirst (NASDAQ:BANF) last posted its quarterly earnings results on Thursday, April 18th. The bank reported $0.96 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.04. The company had revenue of $98.90 million for the quarter, compared to analysts’ expectations of $98.50 million. BancFirst had a return on equity of 14.31% and a net margin of 29.07%. On average, research analysts forecast that BancFirst will post 3.89 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.08%. The ex-dividend date is Thursday, June 27th. BancFirst’s dividend payout ratio (DPR) is currently 31.41%.
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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