BancFirst Corporation (BANF) Upgraded by ValuEngine to Strong-Buy
ValuEngine upgraded shares of BancFirst Corporation (NASDAQ:BANF) from a buy rating to a strong-buy rating in a research report released on Tuesday morning.
Separately, BidaskClub upgraded BancFirst Corporation from a sell rating to a hold rating in a research report on Friday, June 16th.
BancFirst Corporation (NASDAQ BANF) traded up 0.2695% during midday trading on Tuesday, hitting $52.3407. 21,361 shares of the stock traded hands. The firm has a market cap of $1.67 billion, a PE ratio of 20.6309 and a beta of 0.54. BancFirst Corporation has a 12 month low of $32.28 and a 12 month high of $57.90. The company’s 50 day moving average price is $50.19 and its 200 day moving average price is $47.76.
BancFirst Corporation (NASDAQ:BANF) last released its quarterly earnings data on Thursday, July 20th. The bank reported $0.71 EPS for the quarter, topping 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 business had revenue of $84.42 million for the quarter, compared to analyst estimates of $81.12 million. Equities research analysts predict that BancFirst Corporation will post $2.78 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were given a dividend of $0.19 per share. The ex-dividend date was Wednesday, June 28th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.46%. BancFirst Corporation’s dividend payout ratio (DPR) is 29.98%.
In other news, 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 transaction of $160,500.00. Following the transaction, the insider now owns 3,000 shares in the company, valued at approximately $160,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman H E. Rainbolt bought 400 shares of the firm’s stock in a transaction dated Tuesday, May 23rd. The shares were acquired at an average price of $94.84 per share, for a total transaction of $37,936.00. Following the transaction, the chairman now directly owns 453 shares in the company, valued at $42,962.52. The disclosure for this purchase can be found here. Company insiders own 44.97% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in BANF. Ameritas Investment Partners Inc. raised its position in shares of BancFirst Corporation by 115.4% in the first quarter. Ameritas Investment Partners Inc. now owns 1,215 shares of the bank’s stock worth $109,000 after buying an additional 651 shares during the period. BNP Paribas Arbitrage SA raised its position in shares of BancFirst Corporation by 336.5% in the second quarter. BNP Paribas Arbitrage SA now owns 1,314 shares of the bank’s stock worth $127,000 after buying an additional 1,013 shares during the period. SG Americas Securities LLC acquired a new position in shares of BancFirst Corporation during the first quarter worth about $133,000. Two Sigma Securities LLC acquired a new position in shares of BancFirst Corporation during the first quarter worth about $209,000. Finally, Karp Capital Management Corp acquired a new position in shares of BancFirst Corporation during the first quarter worth about $211,000. Hedge funds and other institutional investors own 33.69% of the company’s stock.
About BancFirst Corporation
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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