BancFirst Corporation (NASDAQ:BANF - Get Free Report) Director David Rainbolt sold 29,740 shares of the company's stock in a transaction on Monday, July 27th. The stock was sold at an average price of $116.49, for a total transaction of $3,464,412.60. Following the completion of the transaction, the director directly owned 137,043 shares of the company's stock, valued at $15,964,139.07. This represents a 17.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.
BancFirst Trading Down 0.2%
Shares of BANF stock opened at $115.72 on Wednesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a fifty day simple moving average of $113.17 and a two-hundred day simple moving average of $112.23. The firm has a market capitalization of $3.89 billion, a PE ratio of 15.62 and a beta of 0.59. BancFirst Corporation has a 52-week low of $101.48 and a 52-week high of $138.77.
BancFirst (NASDAQ:BANF - Get Free Report) last released its quarterly earnings data on Friday, July 24th. The bank reported $1.96 earnings per share for the quarter, topping analysts' consensus estimates of $1.80 by $0.16. The firm had revenue of $187.49 million during the quarter, compared to analyst estimates of $178.53 million. BancFirst had a return on equity of 13.64% and a net margin of 31.96%. On average, analysts predict that BancFirst Corporation will post 7.55 EPS for the current fiscal year.
BancFirst Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a $0.49 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $1.96 dividend on an annualized basis and a yield of 1.7%. BancFirst's payout ratio is currently 26.45%.
Hedge Funds Weigh In On BancFirst
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BANF. Edgestream Partners L.P. grew its holdings in BancFirst by 645.7% during the 1st quarter. Edgestream Partners L.P. now owns 32,139 shares of the bank's stock valued at $3,487,000 after buying an additional 27,829 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of BancFirst by 17.1% during the 1st quarter. Royal Bank of Canada now owns 28,169 shares of the bank's stock worth $3,056,000 after acquiring an additional 4,123 shares in the last quarter. Quantinno Capital Management LP boosted its position in shares of BancFirst by 377.1% during the 1st quarter. Quantinno Capital Management LP now owns 23,482 shares of the bank's stock valued at $2,548,000 after acquiring an additional 18,560 shares during the last quarter. Lazard Asset Management LLC boosted its position in shares of BancFirst by 1.8% during the 1st quarter. Lazard Asset Management LLC now owns 11,643 shares of the bank's stock valued at $1,263,000 after acquiring an additional 201 shares during the last quarter. Finally, Entropy Technologies LP grew its holdings in shares of BancFirst by 42.1% in the first quarter. Entropy Technologies LP now owns 7,394 shares of the bank's stock valued at $802,000 after purchasing an additional 2,192 shares in the last quarter. 51.72% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on the stock. DA Davidson reaffirmed a "neutral" rating and set a $125.00 price objective on shares of BancFirst in a report on Friday, June 12th. Wall Street Zen raised shares of BancFirst from a "sell" rating to a "hold" rating in a report on Saturday. Finally, Weiss Ratings lowered shares of BancFirst from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Thursday, July 16th. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $124.00.
Check Out Our Latest Research Report on BancFirst
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.
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