BancFirst Co. (NASDAQ:BANF) Director Ronald J. Norick purchased 2,000 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was bought at an average cost of $53.00 per share, with a total value of $106,000.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.
Shares of BancFirst stock traded up $0.78 during midday trading on Monday, reaching $54.57. The company had a trading volume of 132 shares, compared to its average volume of 55,338. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of 14.29, a price-to-earnings-growth ratio of 1.90 and a beta of 0.83. The stock has a fifty day simple moving average of $56.27 and a 200 day simple moving average of $55.49. BancFirst Co. has a 1-year low of $48.07 and a 1-year high of $65.25.
BancFirst (NASDAQ:BANF) last issued its quarterly earnings results on Thursday, July 18th. The bank reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.09. The business had revenue of $102.87 million during the quarter, compared to analyst estimates of $99.79 million. BancFirst had a net margin of 29.12% and a return on equity of 14.34%. Sell-side analysts expect that BancFirst Co. will post 3.99 earnings per share for the current year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in BancFirst during the 1st quarter worth $34,000. Quantamental Technologies LLC acquired a new stake in BancFirst during the 2nd quarter worth $47,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in BancFirst by 77.7% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,043 shares of the bank’s stock worth $54,000 after acquiring an additional 456 shares during the period. Parallel Advisors LLC acquired a new stake in BancFirst during the 2nd quarter worth $78,000. Finally, Bank of Montreal Can acquired a new stake in BancFirst during the 2nd quarter worth $87,000. 33.65% of the stock is owned by hedge funds and other institutional investors.
A number of analysts recently weighed in on the stock. Zacks Investment Research raised shares of BancFirst from a “hold” rating to a “buy” rating and set a $62.00 price target for the company in a report on Tuesday, July 9th. Sandler O’Neill assumed coverage on shares of BancFirst in a report on Wednesday, August 14th. They issued a “hold” rating for the company. Finally, BidaskClub lowered shares of BancFirst from a “hold” rating to a “sell” rating in a report on Monday, June 24th.
BancFirst Company Profile
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.
See Also: Why is cost of goods sold important?
Receive News & Ratings for BancFirst Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BancFirst and related companies with MarketBeat.com's FREE daily email newsletter.