Shares of BancFirst Co. (NASDAQ:BANF) have received a consensus broker rating score of 3.00 (Hold) from the three analysts that provide coverage for the stock, Zacks Investment Research reports. Three research analysts have rated the stock with a hold recommendation.
Brokerages have set a 12 month consensus price objective of $61.00 for the company and are forecasting that the company will post $0.94 earnings per share for the current quarter, according to Zacks. Zacks has also assigned BancFirst an industry rank of 185 out of 256 based on the ratings given to related companies.
A number of equities analysts recently weighed in on the company. Zacks Investment Research upgraded DLH from a “sell” rating to a “hold” rating in a research report on Tuesday. BidaskClub lowered Walgreens Boots Alliance from a “sell” rating to a “strong sell” rating in a research report on Monday, June 24th.
In other BancFirst news, Director Ronald J. Norick acquired 2,000 shares of the firm’s stock in a transaction on Tuesday, May 28th. The stock was purchased at an average cost of $53.74 per share, for a total transaction of $107,480.00. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 38.27% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. raised its stake in shares of BancFirst by 3.7% during the 4th quarter. BlackRock Inc. now owns 1,311,440 shares of the bank’s stock worth $65,441,000 after purchasing an additional 47,303 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of BancFirst by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,171,060 shares of the bank’s stock worth $58,436,000 after purchasing an additional 8,825 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of BancFirst by 4.6% during the 4th quarter. Geode Capital Management LLC now owns 319,022 shares of the bank’s stock worth $15,919,000 after purchasing an additional 14,030 shares in the last quarter. Norges Bank purchased a new stake in shares of BancFirst during the 4th quarter worth about $12,917,000. Finally, Granite Investment Partners LLC raised its stake in shares of BancFirst by 31.5% during the 1st quarter. Granite Investment Partners LLC now owns 171,669 shares of the bank’s stock worth $8,953,000 after purchasing an additional 41,076 shares in the last quarter. Hedge funds and other institutional investors own 33.97% of the company’s stock.
Shares of NASDAQ:BANF traded up $0.48 during midday trading on Monday, reaching $55.86. The company had a trading volume of 50,751 shares, compared to its average volume of 70,594. 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 has a 1-year low of $48.07 and a 1-year high of $65.70. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of 14.62, a price-to-earnings-growth ratio of 2.03 and a beta of 0.83. The company has a fifty day simple moving average of $55.47.
BancFirst (NASDAQ:BANF) last released its quarterly earnings results on Thursday, April 18th. The bank reported $0.96 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.04. BancFirst had a return on equity of 14.31% and a net margin of 29.07%. The business had revenue of $98.90 million during the quarter, compared to analyst estimates of $98.50 million. As a group, sell-side analysts forecast that BancFirst will post 3.89 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, June 27th. This represents a $1.20 dividend on an annualized basis and a yield of 2.15%. BancFirst’s payout ratio is presently 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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