BancFirst Co. (NASDAQ:BANF) has been assigned a consensus broker rating score of 3.00 (Hold) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two analysts have rated the stock with a hold recommendation.
Brokers have set a 12 month consensus price objective of $61.00 for the company and are forecasting that the company will post $1.00 EPS for the current quarter, according to Zacks. Zacks has also given BancFirst an industry rank of 201 out of 256 based on the ratings given to related companies.
Several equities research analysts recently issued reports on BANF shares. BidaskClub lowered Walgreens Boots Alliance from a “sell” rating to a “strong sell” rating in a research report on Monday, June 24th. Zacks Investment Research raised DLH from a “sell” rating to a “hold” rating in a research report on Tuesday, July 9th.
Shares of BancFirst stock traded up $0.06 during trading on Tuesday, hitting $56.62. The stock had a trading volume of 745 shares, compared to its average volume of 70,587. BancFirst has a 12 month low of $48.07 and a 12 month high of $65.25. The company has a fifty day simple moving average of $56.03. The firm has a market capitalization of $1.84 billion, a PE ratio of 14.77, a PEG ratio of 2.13 and a beta of 0.83. 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 announced its quarterly earnings data on Thursday, July 18th. The bank reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.09. The company had revenue of $102.87 million during the quarter, compared to analyst estimates of $99.79 million. BancFirst had a net margin of 29.07% and a return on equity of 14.54%. Analysts forecast that BancFirst will post 3.89 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were issued a $0.30 dividend. The ex-dividend date was Thursday, June 27th. This represents a $1.20 annualized dividend and a dividend yield of 2.12%. BancFirst’s dividend payout ratio (DPR) is 31.41%.
In related news, Director Ronald J. Norick bought 2,000 shares of BancFirst stock in a transaction dated Tuesday, May 28th. The stock was acquired at an average cost of $53.74 per share, with a total value of $107,480.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 38.27% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in BANF. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of BancFirst during the 1st quarter valued at approximately $34,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in BancFirst by 77.7% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,043 shares of the bank’s stock valued at $54,000 after buying an additional 456 shares in the last quarter. Amundi Pioneer Asset Management Inc. purchased a new stake in shares of BancFirst during the first quarter valued at $141,000. SG Americas Securities LLC purchased a new stake in shares of BancFirst during the first quarter valued at $157,000. Finally, Meeder Asset Management Inc. lifted its stake in BancFirst by 47.3% in the 1st quarter. Meeder Asset Management Inc. now owns 3,331 shares of the bank’s stock worth $174,000 after acquiring an additional 1,070 shares in the last quarter. 34.00% of the stock is owned by institutional investors and hedge funds.
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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