Zacks Investment Research upgraded shares of BancFirst (NASDAQ:BANF) from a hold rating to a strong-buy rating in a research note released on Monday morning. Zacks Investment Research currently has $60.00 price objective on the bank’s stock.

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, BidaskClub downgraded BancFirst from a buy rating to a hold rating in a report on Thursday, December 7th.

Shares of BancFirst (BANF) traded up $0.55 during trading hours on Monday, hitting $51.80. The stock had a trading volume of 47,200 shares, compared to its average volume of 48,450. BancFirst has a twelve month low of $42.50 and a twelve month high of $61.05. The stock has a market cap of $1,633.34, a P/E ratio of 19.62, a PEG ratio of 1.72 and a beta of 0.56. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.02 and a quick ratio of 1.02.

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 29th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.84 annualized dividend and a yield of 1.62%. BancFirst’s dividend payout ratio (DPR) is 31.82%.

In related news, EVP Darryl Schmidt sold 2,000 shares of the business’s stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $56.10, for a total transaction of $112,200.00. Following the transaction, the executive vice president now directly owns 2,000 shares in the company, valued at approximately $112,200. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director H E. Rainbolt bought 500 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The shares were acquired at an average price of $53.75 per share, for a total transaction of $26,875.00. Following the completion of the purchase, the director now owns 606 shares in the company, valued at $32,572.50. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 18,741 shares of company stock worth $1,051,262. 42.32% of the stock is owned by company insiders.

A number of hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its stake in BancFirst by 102.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,115,778 shares of the bank’s stock valued at $63,320,000 after purchasing an additional 563,314 shares during the last quarter. Janus Henderson Group PLC grew its stake in BancFirst by 121.2% during the 3rd quarter. Janus Henderson Group PLC now owns 523,227 shares of the bank’s stock valued at $29,693,000 after purchasing an additional 286,641 shares during the last quarter. JPMorgan Chase & Co. grew its stake in BancFirst by 102.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 446,497 shares of the bank’s stock valued at $25,339,000 after purchasing an additional 226,044 shares during the last quarter. Bank of New York Mellon Corp grew its stake in BancFirst by 96.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 291,173 shares of the bank’s stock valued at $16,525,000 after purchasing an additional 142,674 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its stake in BancFirst by 92.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 208,859 shares of the bank’s stock valued at $11,853,000 after purchasing an additional 100,495 shares during the last quarter. Hedge funds and other institutional investors own 33.10% of the company’s stock.

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BancFirst 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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