BancFirst Corp. (BANF) Shares Gap Up to $61.24
BancFirst Corp. (NASDAQ:BANF)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $60.91, but opened at $61.24. BancFirst Corp. shares last traded at $62.78, with a volume of 10,916 shares traded.
A number of research firms have weighed in on BANF. Zacks Investment Research downgraded shares of BancFirst Corp. from a “buy” rating to a “hold” rating in a research note on Monday, June 27th. Keefe, Bruyette & Woods cut their target price on shares of BancFirst Corp. from $65.00 to $62.00 and set a “market perform” rating on the stock in a research note on Tuesday, March 22nd.
The firm has a market cap of $975.51 million and a price-to-earnings ratio of 14.98. The company’s 50-day moving average price is $61.38 and its 200 day moving average price is $58.47.
BancFirst Corp. (NASDAQ:BANF) last released its earnings results on Thursday, April 21st. The company reported $1.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.06. On average, analysts forecast that BancFirst Corp. will post $4.22 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 15th. Shareholders of record on Thursday, June 30th will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend is Tuesday, June 28th.
In other BancFirst Corp. news, Director J Ralph Mccalmont sold 10,000 shares of the business’s stock in a transaction on Tuesday, May 3rd. The shares were sold at an average price of $61.07, for a total value of $610,700.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Darryl Schmidt sold 2,000 shares of the business’s stock in a transaction on Thursday, June 2nd. The shares were sold at an average price of $63.03, for a total transaction of $126,060.00. Following the completion of the sale, the executive vice president now directly owns 4,500 shares in the company, valued at approximately $283,635. The disclosure for this sale can be found here.
Other large investors have made changes to their positions in the company. Dimensional Fund Advisors LP raised its stake in shares of BancFirst Corp. by 3.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 457,478 shares of the company’s stock valued at $26,818,000 after buying an additional 13,531 shares during the period. Mutual of America Capital Management LLC raised its stake in shares of BancFirst Corp. by 9.9% in the fourth quarter. Mutual of America Capital Management LLC now owns 73,050 shares of the company’s stock valued at $4,282,000 after buying an additional 6,590 shares during the period. First Trust Advisors LP raised its stake in shares of BancFirst Corp. by 93.8% in the fourth quarter. First Trust Advisors LP now owns 18,919 shares of the company’s stock valued at $1,109,000 after buying an additional 9,156 shares during the period. Finally, Nationwide Fund Advisors raised its stake in shares of BancFirst Corp. by 193.0% in the fourth quarter. Nationwide Fund Advisors now owns 17,627 shares of the company’s stock valued at $1,033,000 after buying an additional 11,610 shares during the period.
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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