BancFirst Corp. (BANF) Hits New 12-Month High at $69.12
BancFirst Corp. (NASDAQ:BANF)’s share price reached a new 52-week high on Friday . The stock traded as high as $69.12 and last traded at $69.11, with a volume of 13,328 shares changing hands. The stock had previously closed at $68.32.
Several research firms have weighed in on BANF. Zacks Investment Research raised BancFirst Corp. from a “hold” rating to a “buy” rating and set a $74.00 target price for the company in a research report on Monday, July 25th. Keefe, Bruyette & Woods boosted their price objective on BancFirst Corp. from $59.00 to $64.00 and gave the stock a “market perform” rating in a research report on Monday, July 25th.
The company has a 50 day moving average of $66.21 and a 200-day moving average of $61.18. The company has a market capitalization of $1.08 billion and a price-to-earnings ratio of 16.77.
BancFirst Corp. (NASDAQ:BANF) last posted its earnings results on Thursday, July 21st. The company reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.06. On average, equities analysts forecast that BancFirst Corp. will post $4.41 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be paid a $0.38 dividend. This is a boost from BancFirst Corp.’s previous quarterly dividend of $0.36. The ex-dividend date is Wednesday, September 28th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.20%.
In other news, insider David R. Harlow sold 1,117 shares of the stock in a transaction dated Wednesday, August 24th. The stock was sold at an average price of $67.00, for a total value of $74,839.00. Following the completion of the sale, the insider now owns 1,117 shares in the company, valued at $74,839. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Scott Copeland sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of $66.40, for a total value of $265,600.00. Following the sale, the insider now owns 4,250 shares of the company’s stock, valued at approximately $282,200. The disclosure for this sale can be found here.
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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