Wall Street Zen Upgrades BancFirst (NASDAQ:BANF) to “Hold”

BancFirst (NASDAQ:BANF) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday.

Several other analysts also recently weighed in on the company. Weiss Ratings downgraded BancFirst from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, July 16th. DA Davidson restated a “neutral” rating and issued a $125.00 target price on shares of BancFirst in a report on Friday, June 12th. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $124.00.

BancFirst Price Performance

BANF opened at $116.58 on Friday. BancFirst has a 12 month low of $101.48 and a 12 month high of $138.77. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.05. The business’s 50-day moving average price is $112.86 and its 200-day moving average price is $112.13. The company has a market cap of $3.92 billion, a P/E ratio of 15.73 and a beta of 0.59.

BancFirst (NASDAQ:BANF) last issued its earnings results on Friday, July 24th. The bank reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.80 by $0.16. BancFirst had a return on equity of 13.64% and a net margin of 31.96%.The company had revenue of $187.49 million during the quarter, compared to analysts’ expectations of $178.53 million. On average, equities analysts expect that BancFirst will post 7.39 EPS for the current year.

Insider Transactions at BancFirst

In related news, Director David E. Rainbolt sold 24,614 shares of the business’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $115.55, for a total transaction of $2,844,147.70. Following the transaction, the director owned 182,004 shares in the company, valued at $21,030,562.20. The trade was a 11.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders sold 39,835 shares of company stock worth $4,595,988. 31.67% of the stock is owned by insiders.

Institutional Investors Weigh In On BancFirst

Large investors have recently made changes to their positions in the business. SG Americas Securities LLC raised its holdings in shares of BancFirst by 1,012.1% during the fourth quarter. SG Americas Securities LLC now owns 11,722 shares of the bank’s stock valued at $1,243,000 after acquiring an additional 10,668 shares in the last quarter. Mitchell & Pahl Private Wealth LLC purchased a new stake in BancFirst in the fourth quarter worth $1,039,000. Fifth Third Bancorp boosted its holdings in BancFirst by 16,173.1% in the first quarter. Fifth Third Bancorp now owns 12,693 shares of the bank’s stock valued at $1,377,000 after acquiring an additional 12,615 shares in the last quarter. Norges Bank bought a new stake in BancFirst in the fourth quarter valued at $27,723,000. Finally, Verition Fund Management LLC increased its position in BancFirst by 30.8% during the 4th quarter. Verition Fund Management LLC now owns 168,591 shares of the bank’s stock valued at $17,874,000 after purchasing an additional 39,672 shares during the period. 51.72% of the stock is currently owned by 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.