BancFirst Corporation (NASDAQ:BANF) was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a research note issued on Tuesday, August 1st.
Separately, BidaskClub upgraded BancFirst Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th.
BancFirst Corporation (NASDAQ BANF) traded up 0.72% on Tuesday, reaching $49.00. The company had a trading volume of 32,291 shares. The firm has a market capitalization of $1.56 billion, a PE ratio of 19.31 and a beta of 0.54. BancFirst Corporation has a 12 month low of $33.03 and a 12 month high of $57.90. The stock has a 50 day moving average of $51.06 and a 200 day moving average of $48.10.
BancFirst Corporation (NASDAQ:BANF) last announced its quarterly earnings data on Thursday, July 20th. The bank reported $0.71 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.13. BancFirst Corporation had a return on equity of 11.35% and a net margin of 23.91%. The firm had revenue of $84.42 million for the quarter, compared to analysts’ expectations of $81.12 million. On average, analysts anticipate that BancFirst Corporation will post $2.80 EPS for the current year.
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In other news, Director Dave R. Lopez sold 5,373 shares of the stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $50.26, for a total transaction of $270,046.98. Following the sale, the director now directly owns 4,366 shares in the company, valued at approximately $219,435.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Darryl Schmidt sold 3,000 shares of the stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $53.50, for a total value of $160,500.00. Following the sale, the insider now owns 3,000 shares in the company, valued at $160,500. The disclosure for this sale can be found here. Insiders have sold a total of 14,699 shares of company stock worth $749,476 over the last quarter. Insiders own 44.97% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Creative Planning raised its position in shares of BancFirst Corporation by 0.7% in the first quarter. Creative Planning now owns 4,737 shares of the bank’s stock worth $426,000 after buying an additional 31 shares during the period. Federated Investors Inc. PA raised its position in shares of BancFirst Corporation by 0.6% in the second quarter. Federated Investors Inc. PA now owns 12,477 shares of the bank’s stock worth $1,205,000 after buying an additional 77 shares during the period. Ameritas Investment Partners Inc. raised its position in shares of BancFirst Corporation by 7.1% in the second quarter. Ameritas Investment Partners Inc. now owns 1,301 shares of the bank’s stock worth $125,000 after buying an additional 86 shares during the period. Capital One National Association raised its position in shares of BancFirst Corporation by 0.9% in the first quarter. Capital One National Association now owns 9,968 shares of the bank’s stock worth $896,000 after buying an additional 88 shares during the period. Finally, Parametric Portfolio Associates LLC raised its position in shares of BancFirst Corporation by 0.7% in the first quarter. Parametric Portfolio Associates LLC now owns 13,829 shares of the bank’s stock worth $1,243,000 after buying an additional 101 shares during the period. 16.92% of the stock is owned by institutional investors and hedge funds.
BancFirst Corporation Company Profile
BancFirst Corporation is a financial holding company. The Company conducts its operating activities through its principal subsidiary, BancFirst (the Bank), a state-chartered bank. It has four business units, which include metropolitan banks, community banks, other financial services, and executive, operations and support.
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