Key Points
- David Rainbolt sold 6,219 shares of BancFirst on May 6 at an average price of $115.07 for about $715,620, trimming his holding by 3.42% to 175,784 shares valued at roughly $20.23M.
- BancFirst beat quarterly expectations, reporting $1.85 EPS vs. $1.77 expected and $179M in revenue, pays a $0.49 quarterly dividend (1.7% yield), and carries a $3.8B market cap with a consensus Wall Street rating of "Hold" and a $124 price target.
BancFirst Corporation (NASDAQ:BANF - Get Free Report) Director David Rainbolt sold 6,219 shares of the company's stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $115.07, for a total value of $715,620.33. Following the transaction, the director directly owned 175,784 shares in the company, valued at $20,227,464.88. This represents a 3.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
BancFirst Stock Down 1.1%
Shares of NASDAQ BANF opened at $113.24 on Friday. BancFirst Corporation has a one year low of $101.48 and a one year high of $138.77. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.03 and a quick ratio of 1.03. The business's fifty day moving average price is $110.84 and its 200-day moving average price is $111.32. The stock has a market capitalization of $3.80 billion, a PE ratio of 15.51 and a beta of 0.60.
BancFirst (NASDAQ:BANF - Get Free Report) last issued its quarterly earnings results on Thursday, April 16th. The bank reported $1.85 EPS for the quarter, beating analysts' consensus estimates of $1.77 by $0.08. BancFirst had a return on equity of 13.84% and a net margin of 31.71%.The firm had revenue of $179.00 million for the quarter, compared to analysts' expectations of $177.19 million. During the same quarter in the prior year, the firm earned $1.66 EPS. On average, equities research analysts anticipate that BancFirst Corporation will post 7.36 EPS for the current year.
BancFirst Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Tuesday, March 31st. BancFirst's payout ratio is presently 26.85%.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on the company. Weiss Ratings upgraded BancFirst from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, April 16th. Keefe, Bruyette & Woods boosted 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. Finally, DA Davidson reiterated a "neutral" rating and set a $125.00 price objective on shares of BancFirst in a research note on Monday, April 20th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $124.00.
Read Our Latest Research Report on BANF
Institutional Trading of BancFirst
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Advisors Asset Management Inc. increased its stake in BancFirst by 108.6% in the 1st quarter. Advisors Asset Management Inc. now owns 559 shares of the bank's stock worth $61,000 after acquiring an additional 291 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in BancFirst by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,844 shares of the bank's stock worth $1,301,000 after acquiring an additional 505 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in BancFirst by 8.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 46,396 shares of the bank's stock worth $5,098,000 after acquiring an additional 3,433 shares during the last quarter. Jane Street Group LLC bought a new position in BancFirst in the 1st quarter worth about $3,646,000. Finally, Cetera Investment Advisers bought a new position in BancFirst in the 2nd quarter worth about $207,000. 51.72% of the stock is currently owned by institutional investors.
About BancFirst
(
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.
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