BancFirst (BANF) Stock Rating Upgraded by BidaskClub
BancFirst (NASDAQ:BANF) was upgraded by investment analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a report released on Thursday.
Separately, Zacks Investment Research lowered BancFirst from a “buy” rating to a “hold” rating in a research note on Tuesday, October 24th.
Shares of BancFirst (NASDAQ:BANF) opened at $53.90 on Thursday. BancFirst has a 12 month low of $42.50 and a 12 month high of $61.05. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $1,690.00, a price-to-earnings ratio of 20.42, a price-to-earnings-growth ratio of 1.78 and a beta of 0.55.
In other news, major shareholder Banking Ltd Ptnrshp R sold 10,700 shares of the firm’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $56.38, for a total transaction of $603,266.00. Following the completion of the transaction, the insider now owns 10,989,300 shares in the company, valued at $619,576,734. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director H E. Rainbolt acquired 500 shares of the business’s stock in a transaction dated Monday, December 11th. The shares were purchased at an average price of $53.75 per share, with a total value of $26,875.00. Following the transaction, the director now owns 606 shares of the company’s stock, valued at $32,572.50. The disclosure for this purchase can be found here. Insiders sold a total of 18,741 shares of company stock valued at $1,051,262 in the last quarter. 42.32% of the stock is currently owned by company insiders.
Institutional investors have recently modified their holdings of the company. Ameritas Investment Partners Inc. grew its position in shares of BancFirst by 7.1% during the second quarter. Ameritas Investment Partners Inc. now owns 1,301 shares of the bank’s stock valued at $125,000 after purchasing an additional 86 shares in the last quarter. BNP Paribas Arbitrage SA grew its position in shares of BancFirst by 336.5% during the second quarter. BNP Paribas Arbitrage SA now owns 1,314 shares of the bank’s stock valued at $127,000 after purchasing an additional 1,013 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of BancFirst during the third quarter valued at about $134,000. Great West Life Assurance Co. Can grew its position in shares of BancFirst by 100.0% during the third quarter. Great West Life Assurance Co. Can now owns 2,630 shares of the bank’s stock valued at $149,000 after purchasing an additional 1,315 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System purchased a new position in shares of BancFirst during the third quarter valued at about $201,000. Hedge funds and other institutional investors own 33.10% of the company’s stock.
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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