BancFirst (NASDAQ:BANF - Get Free Report) was downgraded by investment analysts at StockNews.com from a "hold" rating to a "sell" rating in a research note issued on Friday.
BancFirst Stock Performance
Shares of NASDAQ:BANF traded up $6.52 during trading on Friday, hitting $108.60. 33,234 shares of the stock were exchanged, compared to its average volume of 100,276. The company's fifty day simple moving average is $113.85 and its 200-day simple moving average is $115.68. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market capitalization of $3.61 billion, a price-to-earnings ratio of 16.95 and a beta of 0.82. BancFirst has a 1-year low of $81.21 and a 1-year high of $132.29.
BancFirst (NASDAQ:BANF - Get Free Report) last announced its quarterly earnings data on Thursday, January 23rd. The bank reported $1.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.61 by $0.07. BancFirst had a net margin of 23.52% and a return on equity of 14.21%. Sell-side analysts expect that BancFirst will post 6.52 EPS for the current fiscal year.
Insider Buying and Selling
In related news, EVP Darryl Schmidt sold 5,000 shares of the firm's stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $122.06, for a total transaction of $610,300.00. Following the completion of the sale, the executive vice president now directly owns 43,564 shares of the company's stock, valued at $5,317,421.84. This trade represents a 10.30 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director William Scott Martin sold 10,000 shares of the company's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $119.13, for a total transaction of $1,191,300.00. Following the transaction, the director now owns 214,499 shares in the company, valued at approximately $25,553,265.87. This trade represents a 4.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 25,000 shares of company stock worth $2,994,350 in the last 90 days. 33.89% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. increased its stake in shares of BancFirst by 16.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 192,320 shares of the bank's stock valued at $20,242,000 after buying an additional 26,707 shares during the period. FMR LLC raised its holdings in BancFirst by 11.0% during the 3rd quarter. FMR LLC now owns 66,533 shares of the bank's stock worth $7,003,000 after purchasing an additional 6,599 shares during the last quarter. Quantbot Technologies LP lifted its holdings in BancFirst by 83.5% in the third quarter. Quantbot Technologies LP now owns 1,464 shares of the bank's stock valued at $154,000 after buying an additional 666 shares during the period. BNP Paribas Financial Markets grew its holdings in BancFirst by 15.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 7,657 shares of the bank's stock worth $806,000 after acquiring an additional 1,047 shares during the period. Finally, State Street Corp raised its position in shares of BancFirst by 12.4% during the 3rd quarter. State Street Corp now owns 872,101 shares of the bank's stock valued at $92,187,000 after acquiring an additional 96,483 shares during the last quarter. Institutional investors own 51.72% of the company's stock.
BancFirst Company Profile
(
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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. The company operates through BancFirst Metropolitan Banks, BancFirst Community Banks, Pegasus, Worthington, and Other Financial Services segments.
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