Shares of BancFirst Co. (NASDAQ:BANF) have been assigned a consensus 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 rating.
Brokerages have set a twelve-month consensus price target of $58.00 for the company and are forecasting that the company will post $0.85 EPS for the current quarter, according to Zacks. Zacks has also assigned BancFirst an industry rank of 87 out of 255 based on the ratings given to its competitors.
BANF has been the topic of a number of analyst reports. Zacks Investment Research raised BancFirst from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a research report on Monday, April 23rd. BidaskClub raised BancFirst from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 7th. ValuEngine raised BancFirst from a “sell” rating to a “hold” rating in a research report on Wednesday, May 2nd. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $60.00 price objective on shares of BancFirst in a report on Friday, April 20th.
Shares of BancFirst opened at $61.60 on Friday, according to MarketBeat Ratings. BancFirst has a 1 year low of $46.78 and a 1 year high of $63.55. The stock has a market cap of $2.03 billion, a PE ratio of 22.65, a price-to-earnings-growth ratio of 1.76 and a beta of 0.70. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.02.
BancFirst (NASDAQ:BANF) last announced its earnings results on Thursday, April 19th. The bank reported $0.95 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.13. BancFirst had a return on equity of 12.56% and a net margin of 24.74%. The business had revenue of $93.15 million for the quarter, compared to analyst estimates of $90.57 million. equities research analysts anticipate that BancFirst will post 3.54 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 13th. Investors of record on Friday, June 29th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend is Thursday, June 28th. BancFirst’s dividend payout ratio is currently 30.88%.
In related news, EVP Kevin Lawrence sold 5,000 shares of the business’s stock in a transaction dated Monday, April 23rd. The stock was sold at an average price of $58.02, for a total value of $290,100.00. Following the completion of the sale, the executive vice president now directly owns 5,000 shares of the company’s stock, valued at $290,100. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Ken Starks sold 3,000 shares of the business’s stock in a transaction dated Wednesday, June 6th. The shares were sold at an average price of $62.38, for a total value of $187,140.00. Following the completion of the sale, the insider now directly owns 3,000 shares of the company’s stock, valued at $187,140. The disclosure for this sale can be found here. Over the last three months, insiders sold 50,470 shares of company stock valued at $2,879,850. 42.32% of the stock is owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. grew its holdings in shares of BancFirst by 3.4% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 128,995 shares of the bank’s stock valued at $6,599,000 after purchasing an additional 4,298 shares during the last quarter. Comerica Bank grew its holdings in shares of BancFirst by 33.0% during the fourth quarter. Comerica Bank now owns 20,766 shares of the bank’s stock valued at $1,161,000 after purchasing an additional 5,157 shares during the last quarter. Teacher Retirement System of Texas bought a new position in shares of BancFirst during the fourth quarter valued at approximately $308,000. California Public Employees Retirement System grew its holdings in shares of BancFirst by 43.0% during the fourth quarter. California Public Employees Retirement System now owns 16,716 shares of the bank’s stock valued at $855,000 after purchasing an additional 5,030 shares during the last quarter. Finally, First Trust Advisors LP grew its holdings in shares of BancFirst by 3.2% during the fourth quarter. First Trust Advisors LP now owns 72,779 shares of the bank’s stock valued at $3,723,000 after purchasing an additional 2,239 shares during the last quarter. 32.60% of the stock is owned by hedge funds and other institutional investors.
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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