BancFirst Co. (NASDAQ:BANF - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $111.00 and last traded at $109.78, with a volume of 76354 shares trading hands. The stock had previously closed at $106.76.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on BANF. Piper Sandler lifted their target price on BancFirst from $84.50 to $95.00 and gave the stock an "underweight" rating in a research report on Monday, July 22nd. StockNews.com lowered BancFirst from a "hold" rating to a "sell" rating in a research report on Wednesday, September 4th.
Read Our Latest Analysis on BancFirst
BancFirst Stock Performance
The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.06. The stock has a market cap of $3.55 billion, a price-to-earnings ratio of 17.42 and a beta of 1.03. The stock's 50 day moving average is $102.53 and its two-hundred day moving average is $92.38.
BancFirst (NASDAQ:BANF - Get Free Report) last announced its earnings results on Thursday, July 18th. The bank reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.09. The business had revenue of $153.84 million during the quarter, compared to the consensus estimate of $149.75 million. BancFirst had a net margin of 23.46% and a return on equity of 13.89%. Analysts anticipate that BancFirst Co. will post 6.07 earnings per share for the current fiscal year.
BancFirst Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a $0.46 dividend. This is an increase from BancFirst's previous quarterly dividend of $0.43. This represents a $1.84 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend is Monday, September 30th. BancFirst's dividend payout ratio (DPR) is 30.07%.
Insider Activity
In other BancFirst news, Director William Scott Martin sold 5,000 shares of the company's stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $107.50, for a total transaction of $537,500.00. Following the completion of the transaction, the director now owns 326,904 shares in the company, valued at approximately $35,142,180. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director William Scott Martin sold 5,000 shares of the stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $107.50, for a total transaction of $537,500.00. Following the completion of the transaction, the director now directly owns 326,904 shares of the company's stock, valued at approximately $35,142,180. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Randy Foraker sold 2,870 shares of BancFirst stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $107.10, for a total value of $307,377.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 67,564 shares of company stock valued at $7,150,517. Company insiders own 33.89% of the company's stock.
Hedge Funds Weigh In On BancFirst
Institutional investors and hedge funds have recently made changes to their positions in the stock. Norges Bank purchased a new stake in BancFirst during the fourth quarter worth about $23,802,000. Edgestream Partners L.P. purchased a new stake in shares of BancFirst during the 1st quarter worth approximately $4,274,000. Millennium Management LLC grew its holdings in shares of BancFirst by 499.6% in the 2nd quarter. Millennium Management LLC now owns 57,614 shares of the bank's stock worth $5,053,000 after acquiring an additional 48,006 shares during the period. BancFirst Trust & Investment Management increased its stake in BancFirst by 4.2% in the 1st quarter. BancFirst Trust & Investment Management now owns 1,127,415 shares of the bank's stock valued at $99,246,000 after purchasing an additional 45,629 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in BancFirst by 1.7% during the second quarter. Dimensional Fund Advisors LP now owns 1,002,160 shares of the bank's stock worth $87,888,000 after purchasing an additional 16,664 shares during the last quarter. 51.72% of the stock is owned by institutional investors and hedge funds.
BancFirst Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider BancFirst, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BancFirst wasn't on the list.
While BancFirst currently has a "Reduce" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
