BancFirst Corporation (NASDAQ:BANF - Get Free Report) Director David Rainbolt sold 11,497 shares of the business's stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $115.09, for a total value of $1,323,189.73. Following the sale, the director directly owned 31,336 shares in the company, valued at $3,606,460.24. The trade was a 26.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
BancFirst Trading Up 0.5%
Shares of BANF stock opened at $114.59 on Wednesday. The company has a market cap of $3.85 billion, a PE ratio of 15.46 and a beta of 0.61. BancFirst Corporation has a 1 year low of $101.48 and a 1 year high of $138.77. The stock's 50 day simple moving average is $113.36 and its two-hundred day simple moving average is $112.34. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.04 and a quick ratio of 1.04.
BancFirst (NASDAQ:BANF - Get Free Report) last announced its earnings results on Friday, July 24th. The bank reported $1.96 EPS 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 analysts' expectations of $178.53 million. BancFirst had a return on equity of 13.64% and a net margin of 31.96%. Research analysts predict that BancFirst Corporation will post 7.67 earnings per share for the current year.
BancFirst Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a $0.49 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $1.96 dividend on an annualized basis and a yield of 1.7%. BancFirst's dividend payout ratio (DPR) is currently 26.45%.
Analysts Set New Price Targets
A number of research firms have weighed in on BANF. DA Davidson reiterated a "neutral" rating and set a $125.00 price objective on shares of BancFirst in a research report on Friday, June 12th. Weiss Ratings lowered shares of BancFirst from a "buy (b-)" rating to a "hold (c+)" rating in a report on Thursday, July 16th. Wall Street Zen raised shares of BancFirst from a "sell" rating to a "hold" rating in a research note on Saturday, July 25th. Finally, Zacks Research upgraded shares of BancFirst from a "hold" rating to a "strong-buy" rating in a report on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, BancFirst has an average rating of "Moderate Buy" and a consensus price target of $124.00.
View Our Latest Report on BANF
Institutional Investors Weigh In On BancFirst
A number of institutional investors and hedge funds have recently modified their holdings of BANF. Signaturefd LLC boosted its holdings in BancFirst by 5.2% during the 4th quarter. Signaturefd LLC now owns 1,873 shares of the bank's stock valued at $199,000 after acquiring an additional 93 shares during the period. Oregon Public Employees Retirement Fund increased its stake in BancFirst by 2.1% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,752 shares of the bank's stock worth $504,000 after purchasing an additional 100 shares during the period. Advisors Asset Management Inc. increased its stake in BancFirst by 9.5% in the fourth quarter. Advisors Asset Management Inc. now owns 1,245 shares of the bank's stock worth $132,000 after purchasing an additional 108 shares during the period. ProShare Advisors LLC lifted its position in shares of BancFirst by 3.2% during the fourth quarter. ProShare Advisors LLC now owns 4,058 shares of the bank's stock worth $430,000 after purchasing an additional 127 shares during the last quarter. Finally, Parallel Advisors LLC lifted its position in shares of BancFirst by 17.7% during the first quarter. Parallel Advisors LLC now owns 1,082 shares of the bank's stock worth $117,000 after purchasing an additional 163 shares during the last quarter. 51.72% of the stock is owned by institutional investors.
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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