BidaskClub Lowers BancFirst (NASDAQ:BANF) to Sell

BancFirst (NASDAQ:BANF) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday, BidAskClub reports.

Several other research analysts have also recently issued reports on the company. Zacks Investment Research raised BancFirst from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a report on Friday, September 6th. Sandler O’Neill assumed coverage on BancFirst in a report on Wednesday, August 14th. They issued a “hold” rating on the stock. Finally, ValuEngine cut BancFirst from a “sell” rating to a “strong sell” rating in a report on Friday, November 1st.

NASDAQ BANF opened at $58.31 on Tuesday. The stock has a market capitalization of $1.93 billion, a P/E ratio of 15.26 and a beta of 0.85. BancFirst has a 1 year low of $48.07 and a 1 year high of $60.10. The business’s fifty day moving average is $57.22 and its two-hundred day moving average is $56.02. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.04 and a current ratio of 1.01.

BancFirst (NASDAQ:BANF) last posted its quarterly earnings results on Thursday, October 17th. The bank reported $1.00 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.01 by ($0.01). The company had revenue of $107.91 million during the quarter, compared to the consensus estimate of $104.77 million. BancFirst had a net margin of 28.48% and a return on equity of 14.27%. On average, research analysts forecast that BancFirst will post 4.08 earnings per share for the current year.

In other BancFirst news, EVP Darryl Schmidt sold 4,000 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $55.05, for a total value of $220,200.00. Following the transaction, the executive vice president now owns 11,000 shares of the company’s stock, valued at $605,550. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Kelly Foster sold 2,500 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $60.00, for a total transaction of $150,000.00. Following the sale, the senior vice president now directly owns 2,500 shares in the company, valued at $150,000. The disclosure for this sale can be found here. Insiders sold 29,000 shares of company stock worth $1,692,570 in the last ninety days. 38.27% of the stock is owned by corporate insiders.

A number of large investors have recently made changes to their positions in BANF. First Trust Advisors LP raised its stake in BancFirst by 18.6% during the 1st quarter. First Trust Advisors LP now owns 70,698 shares of the bank’s stock valued at $3,687,000 after purchasing an additional 11,086 shares during the period. Amundi Pioneer Asset Management Inc. acquired a new stake in BancFirst during the 1st quarter valued at $141,000. Denali Advisors LLC raised its stake in BancFirst by 199.2% during the 2nd quarter. Denali Advisors LLC now owns 15,200 shares of the bank’s stock valued at $846,000 after purchasing an additional 10,119 shares during the period. Campbell & CO Investment Adviser LLC acquired a new stake in BancFirst during the 2nd quarter valued at $205,000. Finally, Virginia Retirement Systems ET AL raised its stake in BancFirst by 9.3% during the 2nd quarter. Virginia Retirement Systems ET AL now owns 9,400 shares of the bank’s stock valued at $523,000 after purchasing an additional 800 shares during the period. 34.73% of the stock is currently owned by institutional investors.

BancFirst Company Profile

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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