Zacks Investment Research lowered shares of BancFirst (NASDAQ:BANF) from a buy rating to a hold rating in a research note released on Tuesday morning, Zacks.com reports.
According to Zacks, “BancFirst Corporation is a bank holding company for BancFirst. BancFirst Corporation also owns 100% of the common securities of BFC Capital Trust I, and First State Bank. BancFirst’s strategy focuses on providing a full range of commercial banking services to retail customers and small to medium-sized businesses both in the non-metropolitan trade centers and the metropolitan markets. BancFirst operates as a super community bank, managing their community banking offices on a decentralized basis, which permits them to be responsive to local customer needs. “
Other equities analysts have also issued research reports about the stock. TheStreet lowered shares of BancFirst from a b- rating to a c rating in a research report on Wednesday, March 18th. BidaskClub upgraded shares of BancFirst from a strong sell rating to a sell rating in a research note on Wednesday, April 22nd. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $54.50.
BancFirst stock opened at $36.99 on Tuesday. BancFirst has a 52-week low of $26.00 and a 52-week high of $63.96. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of 9.81 and a beta of 1.27. The firm has a 50-day moving average price of $38.79 and a two-hundred day moving average price of $45.43.
BancFirst (NASDAQ:BANF) last announced its earnings results on Tuesday, April 21st. The bank reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.14). BancFirst had a net margin of 26.17% and a return on equity of 12.91%. The business had revenue of $109.22 million for the quarter, compared to the consensus estimate of $104.05 million. Research analysts expect that BancFirst will post 3.17 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Monday, June 29th. This represents a $1.28 dividend on an annualized basis and a yield of 3.46%. BancFirst’s dividend payout ratio is currently 31.07%.
In other news, EVP Dennis L. Brand bought 1,000 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were acquired at an average cost of $30.00 per share, with a total value of $30,000.00. Following the completion of the transaction, the executive vice president now directly owns 26,000 shares in the company, valued at approximately $780,000. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 38.34% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Wedge Capital Management L L P NC raised its stake in BancFirst by 124.6% during the 2nd quarter. Wedge Capital Management L L P NC now owns 185,751 shares of the bank’s stock valued at $7,536,000 after purchasing an additional 103,063 shares during the period. Guggenheim Capital LLC lifted its stake in BancFirst by 21.7% in the 1st quarter. Guggenheim Capital LLC now owns 51,741 shares of the bank’s stock worth $1,727,000 after acquiring an additional 9,235 shares in the last quarter. Caxton Associates LP acquired a new stake in BancFirst during the 1st quarter worth about $216,000. Engineers Gate Manager LP purchased a new position in BancFirst during the 1st quarter valued at about $274,000. Finally, Squarepoint Ops LLC purchased a new position in BancFirst during the 1st quarter valued at about $465,000. Hedge funds and other institutional investors own 34.44% of the company’s stock.
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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