BancFirst (NASDAQ:BANF) Earns Neutral Rating from DA Davidson

BancFirst (NASDAQ:BANF)‘s stock had its “neutral” rating restated by equities research analysts at DA Davidson in a report released on Friday,Benzinga reports. They presently have a $125.00 target price on the bank’s stock. DA Davidson’s price objective points to a potential upside of 7.82% from the stock’s current price.

Separately, Weiss Ratings cut shares of BancFirst from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $124.00.

BancFirst Trading Up 1.6%

BANF traded up $1.78 during mid-day trading on Friday, hitting $115.93. 54,168 shares of the stock were exchanged, compared to its average volume of 135,660. The firm’s fifty day moving average is $111.73 and its two-hundred day moving average is $111.31. BancFirst has a 1-year low of $101.48 and a 1-year high of $138.77. The company has a market cap of $3.89 billion, a PE ratio of 15.88 and a beta of 0.59. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.05.

BancFirst (NASDAQ:BANF) last released its earnings results on Thursday, April 16th. The bank reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.08. BancFirst had a return on equity of 13.62% and a net margin of 25.50%.The company had revenue of $179.00 million during the quarter, compared to the consensus estimate of $177.19 million. During the same period in the previous year, the company posted $1.66 EPS. Equities analysts forecast that BancFirst will post 7.36 earnings per share for the current fiscal year.

Insider Buying and Selling at BancFirst

In related news, Director David E. Rainbolt sold 9,001 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $115.11, for a total value of $1,036,105.11. Following the sale, the director owned 166,783 shares of the company’s stock, valued at $19,198,391.13. This trade represents a 5.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 58,217 shares of company stock worth $6,719,223 in the last 90 days. 31.67% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On BancFirst

A number of large investors have recently modified their holdings of the company. Quarry LP lifted its position in shares of BancFirst by 531.4% during the 3rd quarter. Quarry LP now owns 221 shares of the bank’s stock worth $28,000 after purchasing an additional 186 shares during the last quarter. Allworth Financial LP increased its holdings in BancFirst by 47.5% in the third quarter. Allworth Financial LP now owns 295 shares of the bank’s stock valued at $37,000 after buying an additional 95 shares during the last quarter. Eagle Bay Advisors LLC purchased a new position in BancFirst in the fourth quarter valued at $40,000. Kestra Advisory Services LLC acquired a new stake in BancFirst in the fourth quarter valued at $41,000. Finally, Smartleaf Asset Management LLC raised its stake in BancFirst by 55.0% in the third quarter. Smartleaf Asset Management LLC now owns 341 shares of the bank’s stock valued at $44,000 after buying an additional 121 shares in the last quarter. 51.72% of the stock is owned by hedge funds and other institutional investors.

BancFirst Company Profile

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.