BancFirst Corporation (NASDAQ:BANF - Get Free Report) Director David Rainbolt sold 205 shares of the company's stock in a transaction on Monday, April 27th. The stock was sold at an average price of $115.01, for a total value of $23,577.05. Following the sale, the director owned 206,618 shares of the company's stock, valued at $23,763,136.18. The trade was a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
BancFirst Stock Down 0.6%
NASDAQ BANF opened at $114.15 on Wednesday. The business has a fifty day moving average price of $110.94 and a two-hundred day moving average price of $111.54. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.03 and a quick ratio of 1.03. BancFirst Corporation has a fifty-two week low of $101.48 and a fifty-two week high of $138.77. The stock has a market capitalization of $3.83 billion, a PE ratio of 15.64 and a beta of 0.61.
BancFirst (NASDAQ:BANF - Get Free Report) last announced its quarterly earnings results on Thursday, April 16th. The bank reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.08. The company had revenue of $179.00 million during the quarter, compared to the consensus estimate of $177.19 million. BancFirst had a net margin of 31.71% and a return on equity of 13.84%. During the same period in the prior year, the business earned $1.66 earnings per share. Equities analysts expect that BancFirst Corporation will post 7.36 earnings per share for the current fiscal year.
BancFirst Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were issued a dividend of $0.49 per share. The ex-dividend date was Tuesday, March 31st. This represents a $1.96 annualized dividend and a dividend yield of 1.7%. BancFirst's dividend payout ratio is 26.85%.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on the company. DA Davidson restated a "neutral" rating and set a $125.00 price target on shares of BancFirst in a report on Monday, April 20th. Weiss Ratings raised BancFirst from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, April 16th. Finally, Keefe, Bruyette & Woods upped their price objective on BancFirst from $120.00 to $123.00 and gave the company a "market perform" rating in a research note on Friday, January 23rd. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $124.00.
Read Our Latest Report on BancFirst
Institutional Trading of BancFirst
Institutional investors and hedge funds have recently bought and sold shares of the stock. Envestnet Asset Management Inc. increased its holdings in BancFirst by 49.4% in the third quarter. Envestnet Asset Management Inc. now owns 45,208 shares of the bank's stock valued at $5,717,000 after purchasing an additional 14,947 shares during the period. Principal Financial Group Inc. increased its holdings in BancFirst by 14.5% in the third quarter. Principal Financial Group Inc. now owns 113,346 shares of the bank's stock valued at $14,333,000 after purchasing an additional 14,333 shares during the period. Clark Capital Management Group Inc. increased its holdings in BancFirst by 37.6% in the third quarter. Clark Capital Management Group Inc. now owns 62,605 shares of the bank's stock valued at $7,916,000 after purchasing an additional 17,092 shares during the period. SG Americas Securities LLC increased its holdings in BancFirst by 1,012.1% in the fourth quarter. SG Americas Securities LLC now owns 11,722 shares of the bank's stock valued at $1,243,000 after purchasing an additional 10,668 shares during the period. Finally, Public Sector Pension Investment Board increased its holdings in BancFirst by 18.4% in the third quarter. Public Sector Pension Investment Board now owns 80,535 shares of the bank's stock valued at $10,184,000 after purchasing an additional 12,535 shares during the period. 51.72% of the stock is currently owned by institutional investors and hedge funds.
BancFirst Company Profile
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
