BancFirst (NASDAQ:BANF) Upgraded by ValuEngine to “Sell”

ValuEngine upgraded shares of BancFirst (NASDAQ:BANF) from a strong sell rating to a sell rating in a research note issued to investors on Thursday, ValuEngine reports.

BANF has been the topic of a number of other research reports. Zacks Investment Research lowered BancFirst from a buy rating to a hold rating in a research report on Monday, December 23rd. Piper Sandler upped their target price on BancFirst from $63.00 to $66.00 and gave the company a neutral rating in a research report on Tuesday. Finally, BidaskClub upgraded BancFirst from a sell rating to a hold rating in a research report on Wednesday, January 15th. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. BancFirst presently has an average rating of Hold and a consensus target price of $68.00.

NASDAQ BANF traded down $0.82 during trading hours on Thursday, reaching $60.51. The stock had a trading volume of 40,631 shares, compared to its average volume of 60,633. The stock has a fifty day moving average of $61.99 and a 200 day moving average of $57.88. The stock has a market cap of $2.01 billion, a P/E ratio of 14.94 and a beta of 0.86. BancFirst has a 52-week low of $50.19 and a 52-week high of $63.96. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.01 and a current ratio of 1.01.

BancFirst (NASDAQ:BANF) last issued its earnings results on Friday, January 17th. The bank reported $1.07 EPS for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.03. The firm had revenue of $109.46 million for the quarter, compared to analyst estimates of $108.60 million. BancFirst had a return on equity of 14.37% and a net margin of 28.48%. On average, equities research analysts forecast that BancFirst will post 4 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $0.32 dividend. The ex-dividend date was Monday, December 30th. This represents a $1.28 annualized dividend and a yield of 2.12%. BancFirst’s dividend payout ratio is presently 31.07%.

In other BancFirst news, insider David R. Harlow sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $60.00, for a total value of $1,200,000.00. Following the sale, the insider now owns 20,000 shares in the company, valued at approximately $1,200,000. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Mark Gish sold 8,500 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $58.50, for a total value of $497,250.00. Following the completion of the sale, the insider now owns 8,500 shares in the company, valued at approximately $497,250. The disclosure for this sale can be found here. In the last 90 days, insiders sold 36,000 shares of company stock worth $2,139,750. Insiders own 38.27% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. CWM LLC boosted its position in BancFirst by 1,267.6% in the 3rd quarter. CWM LLC now owns 465 shares of the bank’s stock worth $26,000 after purchasing an additional 431 shares in the last quarter. Bank of Montreal Can acquired a new position in shares of BancFirst during the 2nd quarter worth approximately $87,000. Venturi Wealth Management LLC acquired a new position in shares of BancFirst during the 3rd quarter worth approximately $141,000. Amundi Pioneer Asset Management Inc. acquired a new position in shares of BancFirst during the 1st quarter worth approximately $141,000. Finally, Alberta Investment Management Corp acquired a new position in shares of BancFirst during the 2nd quarter worth approximately $223,000. Institutional investors and hedge funds own 35.06% of the company’s stock.

BancFirst Company Profile

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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