BancFirst Co. (NASDAQ:BANF)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $59.92 and last traded at $59.88, with a volume of 276 shares. The stock had previously closed at $59.45.
Several research analysts have issued reports on BANF shares. ValuEngine lowered BancFirst from a “sell” rating to a “strong sell” rating in a report on Friday, November 1st. Zacks Investment Research raised BancFirst from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a research note on Friday, September 6th. Sandler O’Neill started coverage on BancFirst in a research note on Wednesday, August 14th. They issued a “hold” rating for the company. Finally, BidaskClub downgraded BancFirst from a “buy” rating to a “hold” rating in a research note on Friday, November 1st.
The stock has a market capitalization of $1.92 billion, a PE ratio of 15.54 and a beta of 0.85. The firm has a 50 day moving average price of $56.67 and a 200 day moving average price of $55.86. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.03.
BancFirst (NASDAQ:BANF) last issued its quarterly earnings data on Thursday, October 17th. The bank reported $1.00 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.01). The company had revenue of $107.91 million during the quarter, compared to analysts’ expectations of $104.77 million. BancFirst had a return on equity of 14.47% and a net margin of 29.12%. On average, equities analysts forecast that BancFirst Co. will post 4.08 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $0.32 dividend. The ex-dividend date was Friday, September 27th. This is an increase from BancFirst’s previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a dividend yield of 2.16%. BancFirst’s dividend payout ratio is 33.51%.
In related news, EVP Darryl Schmidt sold 4,000 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $55.05, for a total transaction of $220,200.00. Following the completion of the sale, the executive vice president now directly owns 11,000 shares of the company’s stock, valued at $605,550. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ronald J. Norick purchased 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were acquired at an average cost of $53.00 per share, with a total value of $106,000.00. The disclosure for this purchase can be found here. Over the last three months, insiders sold 26,500 shares of company stock valued at $1,542,570. Company insiders own 38.27% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of BancFirst by 3.5% during the second quarter. Vanguard Group Inc. now owns 1,916,877 shares of the bank’s stock valued at $106,693,000 after acquiring an additional 65,569 shares during the last quarter. BlackRock Inc. increased its position in shares of BancFirst by 5.3% during the second quarter. BlackRock Inc. now owns 1,368,722 shares of the bank’s stock valued at $76,182,000 after acquiring an additional 69,030 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of BancFirst by 13.5% during the second quarter. Janus Henderson Group PLC now owns 501,864 shares of the bank’s stock valued at $27,934,000 after acquiring an additional 59,513 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of BancFirst by 5.2% during the second quarter. Charles Schwab Investment Management Inc. now owns 134,065 shares of the bank’s stock valued at $7,463,000 after acquiring an additional 6,629 shares during the last quarter. Finally, Allianz Asset Management GmbH purchased a new stake in shares of BancFirst during the second quarter valued at approximately $5,572,000. 34.49% of the stock is owned by institutional investors.
BancFirst Company Profile (NASDAQ:BANF)
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. It operates through Metropolitan Banks, Community Banks, and Other Financial Services segments. The company offers checking accounts, negotiable order of withdrawal accounts, savings accounts, money market accounts, sweep accounts, club accounts, individual retirement accounts, and certificates of deposit, as well as overdraft protection and auto draft services.
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