BancFirst Corporation (BANF) Receives Consensus Recommendation of “Hold” from Analysts
Shares of BancFirst Corporation (NASDAQ:BANF) have been assigned an average broker rating score of 3.00 (Hold) from the three brokers that provide coverage for the company, Zacks Investment Research reports. Three equities research analysts have rated the stock with a hold recommendation.
Brokerages have set a 12 month consensus price target of $55.75 for the company and are expecting that the company will post $0.68 EPS for the current quarter, according to Zacks. Zacks has also given BancFirst Corporation an industry rank of 175 out of 265 based on the ratings given to related companies.
A number of research firms have weighed in on BANF. Zacks Investment Research cut BancFirst Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, October 24th. ValuEngine upgraded BancFirst Corporation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st.
In related news, EVP Darryl Schmidt sold 2,000 shares of the business’s stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $56.10, for a total value of $112,200.00. Following the transaction, the executive vice president now owns 2,000 shares in the company, valued at approximately $112,200. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 42.32% of the company’s stock.
Several large investors have recently made changes to their positions in the company. Federated Investors Inc. PA boosted its stake in shares of BancFirst Corporation by 0.6% during the 2nd quarter. Federated Investors Inc. PA now owns 12,477 shares of the bank’s stock worth $1,205,000 after acquiring an additional 77 shares in the last quarter. Ameritas Investment Partners Inc. raised its position in shares of BancFirst Corporation by 7.1% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,301 shares of the bank’s stock worth $125,000 after purchasing an additional 86 shares during the last quarter. Heritage Trust Co raised its position in shares of BancFirst Corporation by 11.2% during the 2nd quarter. Heritage Trust Co now owns 2,918 shares of the bank’s stock worth $282,000 after purchasing an additional 295 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of BancFirst Corporation by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 2,090 shares of the bank’s stock worth $202,000 after purchasing an additional 313 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in shares of BancFirst Corporation by 5.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,307 shares of the bank’s stock worth $305,000 after purchasing an additional 324 shares during the last quarter. 24.46% of the stock is currently owned by institutional investors and hedge funds.
BancFirst Corporation (BANF) traded up $0.10 during trading on Friday, reaching $54.90. The company’s stock had a trading volume of 35,500 shares, compared to its average volume of 51,884. BancFirst Corporation has a one year low of $40.63 and a one year high of $61.05. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market capitalization of $1,750.00, a PE ratio of 20.76, a PEG ratio of 2.00 and a beta of 0.55.
The business also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 29th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend is Thursday, December 28th. BancFirst Corporation’s dividend payout ratio (DPR) is presently 31.82%.
About BancFirst Corporation
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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