A number of other research analysts have also issued reports on BANF. Zacks Investment Research raised BancFirst from a hold rating to a buy rating and set a $60.00 target price on the stock in a report on Friday, September 6th. Sandler O’Neill initiated coverage on BancFirst in a report on Wednesday, August 14th. They issued a hold rating on the stock.
Shares of NASDAQ:BANF traded up $1.20 during trading on Thursday, reaching $58.15. The company had a trading volume of 2,984 shares, compared to its average volume of 42,086. The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of 15.22, a price-to-earnings-growth ratio of 1.98 and a beta of 0.85. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.04 and a quick ratio of 1.04. The stock’s fifty day moving average price is $54.96 and its 200 day moving average price is $55.22. BancFirst has a fifty-two week low of $48.07 and a fifty-two week high of $63.30.
BancFirst (NASDAQ:BANF) last released its earnings results on Thursday, July 18th. The bank reported $1.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.09. The business had revenue of $102.87 million for the quarter, compared to analyst estimates of $99.79 million. BancFirst had a return on equity of 14.34% and a net margin of 29.12%. On average, equities analysts anticipate that BancFirst will post 3.99 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a $0.32 dividend. The ex-dividend date is Friday, September 27th. This is an increase from BancFirst’s previous quarterly dividend of $0.30. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.20%. BancFirst’s payout ratio is 31.41%.
In other BancFirst news, Director Ronald J. Norick purchased 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were purchased at an average cost of $53.00 per share, for a total transaction of $106,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Darryl Schmidt sold 4,000 shares of BancFirst stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $55.05, for a total value of $220,200.00. Following the completion of the sale, the executive vice president now owns 11,000 shares in the company, valued at $605,550. The disclosure for this sale can be found here. 38.27% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of the stock. Parametric Portfolio Associates LLC boosted its position in BancFirst by 1.0% during the second quarter. Parametric Portfolio Associates LLC now owns 28,313 shares of the bank’s stock worth $1,576,000 after purchasing an additional 279 shares in the last quarter. Burney Co. boosted its position in BancFirst by 7.6% during the first quarter. Burney Co. now owns 5,677 shares of the bank’s stock worth $296,000 after purchasing an additional 402 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in BancFirst by 77.7% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,043 shares of the bank’s stock worth $54,000 after purchasing an additional 456 shares in the last quarter. Virginia Retirement Systems ET AL boosted its position in BancFirst by 9.3% during the second quarter. Virginia Retirement Systems ET AL now owns 9,400 shares of the bank’s stock worth $523,000 after purchasing an additional 800 shares in the last quarter. Finally, Quantamental Technologies LLC purchased a new stake in BancFirst during the second quarter worth $47,000. Hedge funds and other institutional investors own 34.25% of the company’s stock.
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.
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