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. “
Separately, Keefe, Bruyette & Woods boosted their price objective on BancFirst Corp. from $59.00 to $64.00 and gave the company a market perform rating in a research note on Monday, July 25th.
BancFirst Corp. (NASDAQ:BANF) opened at 70.16 on Monday. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 17.03 and a beta of 0.81. The stock’s 50 day moving average price is $68.37 and its 200-day moving average price is $62.69. BancFirst Corp. has a 12 month low of $51.14 and a 12 month high of $72.37.
BancFirst Corp. (NASDAQ:BANF) last issued its quarterly earnings data on Thursday, July 21st. The company reported $1.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.06. BancFirst Corp. had a return on equity of 9.91% and a net margin of 20.79%. Equities research analysts predict that BancFirst Corp. will post $4.41 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.17%. This is a positive change from BancFirst Corp.’s previous quarterly dividend of $0.36. BancFirst Corp.’s payout ratio is presently 34.95%.
In other news, insider Scott Copeland sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of $66.40, for a total value of $265,600.00. Following the transaction, the insider now owns 4,250 shares of the company’s stock, valued at $282,200. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Robert M. Neville sold 5,250 shares of the company’s stock in a transaction on Tuesday, September 13th. The stock was sold at an average price of $68.00, for a total value of $357,000.00. Following the transaction, the insider now directly owns 17,832 shares in the company, valued at approximately $1,212,576. The disclosure for this sale can be found here. 44.97% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in BANF. Emerald Acquisition Ltd. acquired a new position in shares of BancFirst Corp. during the second quarter worth $1,775,000. Mutual of America Capital Management LLC raised its position in shares of BancFirst Corp. by 2.6% in the second quarter. Mutual of America Capital Management LLC now owns 74,972 shares of the company’s stock worth $4,522,000 after buying an additional 1,922 shares in the last quarter. Swiss National Bank raised its position in shares of BancFirst Corp. by 18.5% in the second quarter. Swiss National Bank now owns 11,259 shares of the company’s stock worth $679,000 after buying an additional 1,759 shares in the last quarter. California State Teachers Retirement System raised its position in shares of BancFirst Corp. by 5.5% in the second quarter. California State Teachers Retirement System now owns 16,421 shares of the company’s stock worth $991,000 after buying an additional 860 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of BancFirst Corp. by 4.8% in the second quarter. Bank of New York Mellon Corp now owns 69,339 shares of the company’s stock worth $4,183,000 after buying an additional 3,168 shares in the last quarter. 29.89% of the stock is currently owned by hedge funds and other institutional investors.
BancFirst Corp. Company Profile
BancFirst Corporation is a financial holding company. The Company conducts its operating activities through its principal subsidiary, BancFirst (the Bank), a state-chartered bank. It has four business units, which include metropolitan banks, community banks, other financial services, and executive, operations and support.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for BancFirst Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BancFirst Corp. and related companies with MarketBeat.com's FREE daily email newsletter.