BancFirst’s (BANF) Neutral Rating Reiterated at DA Davidson

DA Davidson reiterated their neutral rating on shares of BancFirst (NASDAQ:BANF) in a report published on Monday morning,Benzinga reports. They currently have a $125.00 price objective on the bank’s stock.

Other analysts also recently issued reports about the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of BancFirst in a report on Monday, December 22nd. Keefe, Bruyette & Woods raised their target price on shares of BancFirst from $120.00 to $123.00 and gave the stock a “market perform” rating in a report on Friday, January 23rd. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, BancFirst has a consensus rating of “Hold” and a consensus target price of $124.00.

BancFirst Trading Down 1.2%

Shares of NASDAQ:BANF opened at $107.00 on Monday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.05. BancFirst has a 52-week low of $97.02 and a 52-week high of $138.77. The stock has a market cap of $3.59 billion, a price-to-earnings ratio of 15.03 and a beta of 0.65. The business has a 50-day moving average price of $112.45 and a 200-day moving average price of $116.49.

BancFirst (NASDAQ:BANF) last issued its earnings results on Thursday, January 22nd. The bank reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). BancFirst had a net margin of 25.05% and a return on equity of 13.68%. The firm had revenue of $181.00 million during the quarter, compared to analysts’ expectations of $173.76 million. Equities analysts predict that BancFirst will post 6.52 EPS for the current year.

BancFirst Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be issued a $0.49 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $1.96 dividend on an annualized basis and a yield of 1.8%. BancFirst’s payout ratio is presently 27.53%.

Hedge Funds Weigh In On BancFirst

Several institutional investors have recently made changes to their positions in BANF. Corient Private Wealth LLC lifted its stake in shares of BancFirst by 56.4% in the 4th quarter. Corient Private Wealth LLC now owns 3,623 shares of the bank’s stock valued at $384,000 after purchasing an additional 1,306 shares during the period. Mercer Global Advisors Inc. ADV grew its position in BancFirst by 8.5% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 17,594 shares of the bank’s stock valued at $1,865,000 after buying an additional 1,382 shares during the period. Voloridge Investment Management LLC grew its position in BancFirst by 35.4% during the fourth quarter. Voloridge Investment Management LLC now owns 32,290 shares of the bank’s stock valued at $3,423,000 after buying an additional 8,441 shares during the period. Tudor Investment Corp ET AL increased its holdings in BancFirst by 933.0% in the fourth quarter. Tudor Investment Corp ET AL now owns 31,105 shares of the bank’s stock valued at $3,298,000 after buying an additional 28,094 shares in the last quarter. Finally, Twinbeech Capital LP acquired a new position in shares of BancFirst in the fourth quarter worth about $211,000. 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.