BancFirst Corp. (NASDAQ:BANF) has been given a consensus broker rating score of 3.00 (Hold) from the four analysts that cover the stock, Zacks Investment Research reports. Four investment analysts have rated the stock with a hold rating.
Brokers have set a 12 month consensus price objective of $66.00 for the company and are predicting that the company will post $1.14 earnings per share for the current quarter, according to Zacks. Zacks has also assigned BancFirst Corp. an industry rank of 114 out of 265 based on the ratings given to its competitors.
Several equities research analysts recently commented on the stock. Zacks Investment Research lowered shares of BancFirst Corp. from a “buy” rating to a “hold” rating in a research note on Monday, September 26th. Keefe, Bruyette & Woods lifted their price target on shares of BancFirst Corp. from $59.00 to $64.00 and gave the stock a “market perform” rating in a research note on Monday, July 25th.
In related news, insider Scott Copeland sold 4,000 shares of BancFirst Corp. stock in a transaction on Friday, August 5th. The shares were sold at an average price of $66.40, for a total transaction of $265,600.00. Following the sale, the insider now directly owns 4,250 shares in the company, valued at approximately $282,200. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Darryl Schmidt sold 5,000 shares of BancFirst Corp. stock in a transaction on Monday, July 25th. The stock was sold at an average price of $66.10, for a total transaction of $330,500.00. Following the sale, the insider now owns 5,000 shares in the company, valued at $330,500. The disclosure for this sale can be found here. Corporate insiders own 44.97% of the company’s stock.
A number of large investors have recently made changes to their positions in the company. BlackRock Inc. raised its stake in shares of BancFirst Corp. by 304.5% in the second quarter. BlackRock Inc. now owns 1,792 shares of the company’s stock valued at $108,000 after buying an additional 1,349 shares in the last quarter. BlackRock Group LTD raised its stake in shares of BancFirst Corp. by 47.0% in the second quarter. BlackRock Group LTD now owns 2,982 shares of the company’s stock valued at $180,000 after buying an additional 954 shares in the last quarter. AQR Capital Management LLC bought a new stake in shares of BancFirst Corp. during the second quarter valued at approximately $229,000. BlackRock Advisors LLC raised its stake in shares of BancFirst Corp. by 12.0% in the second quarter. BlackRock Advisors LLC now owns 3,822 shares of the company’s stock valued at $231,000 after buying an additional 409 shares in the last quarter. Finally, American International Group Inc. raised its stake in shares of BancFirst Corp. by 5.7% in the second quarter. American International Group Inc. now owns 4,508 shares of the company’s stock valued at $272,000 after buying an additional 242 shares in the last quarter. Hedge funds and other institutional investors own 29.89% of the company’s stock.
BancFirst Corp. (NASDAQ:BANF) opened at 71.20 on Tuesday. BancFirst Corp. has a 12 month low of $51.14 and a 12 month high of $75.14. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of 17.28 and a beta of 0.78. The stock’s 50 day moving average price is $70.45 and its 200-day moving average price is $64.01.
BancFirst Corp. (NASDAQ:BANF) last announced its quarterly earnings results on Thursday, July 21st. The company reported $1.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.06. BancFirst Corp. had a net margin of 20.79% and a return on equity of 9.91%. Equities analysts expect that BancFirst Corp. will post $4.41 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, October 14th. Investors of record on Friday, September 30th were paid a dividend of $0.38 per share. This is a positive change from BancFirst Corp.’s previous quarterly dividend of $0.36. This represents a $1.52 annualized dividend and a yield of 2.13%. The ex-dividend date of this dividend was Wednesday, September 28th. BancFirst Corp.’s dividend payout ratio (DPR) is currently 36.89%.
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.
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