BancFirst Corporation (NASDAQ:BANF – Get Free Report) Director David Rainbolt sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $115.00, for a total transaction of $345,000.00. Following the transaction, the director directly owned 8,506 shares of the company’s stock, valued at approximately $978,190. This trade represents a 26.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
BancFirst Price Performance
BANF stock opened at $113.01 on Friday. The stock’s 50 day moving average price is $113.54 and its 200 day moving average price is $112.35. The firm has a market cap of $3.80 billion, a P/E ratio of 15.25 and a beta of 0.61. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.04 and a current ratio of 1.04. BancFirst Corporation has a 1 year low of $101.48 and a 1 year high of $138.77.
BancFirst (NASDAQ:BANF – Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The bank reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.80 by $0.16. BancFirst had a return on equity of 13.64% and a net margin of 31.96%.The company had revenue of $187.49 million during the quarter, compared to the consensus estimate of $178.53 million. On average, sell-side analysts expect that BancFirst Corporation will post 7.67 earnings per share for the current fiscal year.
BancFirst Announces Dividend
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on BANF shares. Keefe, Bruyette & Woods decreased their price target on shares of BancFirst from $123.00 to $121.00 and set a “market perform” rating on the stock in a research note on Wednesday. Wall Street Zen raised shares of BancFirst from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Zacks Research raised shares of BancFirst from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Weiss Ratings lowered shares of BancFirst from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, July 16th. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $125.00 target price on shares of BancFirst in a research note on Friday, June 12th. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, BancFirst currently has a consensus rating of “Moderate Buy” and an average price target of $123.00.
Read Our Latest Stock Analysis on BancFirst
Institutional Trading of BancFirst
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new position in shares of BancFirst during the 2nd quarter worth about $356,054,000. Deutsche Bank AG purchased a new stake in BancFirst in the second quarter valued at approximately $2,750,000. OneDigital Investment Advisors LLC purchased a new stake in BancFirst in the second quarter valued at approximately $701,000. Bank of New York Mellon Corp acquired a new position in BancFirst during the second quarter worth approximately $17,920,000. Finally, State of Wyoming purchased a new position in BancFirst during the second quarter worth approximately $551,000. Hedge funds and other institutional investors own 51.72% of the company’s stock.
About BancFirst
BancFirst Corporation is a regional banking holding company based in Oklahoma City, Oklahoma. As the largest state‐chartered bank in Oklahoma, BancFirst offers a comprehensive suite of financial services to individuals, businesses and government entities. Its core business activities include commercial and consumer banking, mortgage lending, treasury management, equipment financing and electronic banking solutions.
The bank operates a network of more than 60 branches across Oklahoma, serving urban centers such as Oklahoma City and Tulsa, as well as rural communities throughout the state.
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