BancFirst (NASDAQ:BANF) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

BANF has been the topic of several other reports. ValuEngine cut BancFirst from a “hold” rating to a “sell” rating in a research report on Monday, September 17th. Zacks Investment Research upgraded BancFirst from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a research report on Monday, July 23rd.

Shares of BancFirst stock opened at $57.53 on Friday. BancFirst has a 52-week low of $50.80 and a 52-week high of $65.70. The stock has a market capitalization of $1.96 billion, a P/E ratio of 21.15, a PEG ratio of 1.63 and a beta of 0.67. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.04.

BancFirst (NASDAQ:BANF) last announced its quarterly earnings results on Friday, July 20th. The bank reported $0.91 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.06. BancFirst had a return on equity of 13.04% and a net margin of 25.59%. The firm had revenue of $95.32 million for the quarter, compared to analysts’ expectations of $94.26 million. As a group, sell-side analysts forecast that BancFirst will post 3.67 EPS for the current year.

In other BancFirst news, Director H E. Rainbolt acquired 1,000 shares of the business’s stock in a transaction dated Friday, July 27th. The stock was bought at an average price of $63.25 per share, with a total value of $63,250.00. Following the completion of the acquisition, the director now owns 1,006 shares of the company’s stock, valued at $63,629.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider David Seat sold 528 shares of the business’s stock in a transaction dated Thursday, September 13th. The stock was sold at an average price of $61.25, for a total value of $32,340.00. Following the transaction, the insider now directly owns 8,028 shares of the company’s stock, valued at approximately $491,715. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,632 shares of company stock worth $550,609. Company insiders own 40.14% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of BANF. Millennium Management LLC purchased a new position in shares of BancFirst during the first quarter worth about $9,751,000. BlackRock Inc. grew its holdings in shares of BancFirst by 8.5% during the second quarter. BlackRock Inc. now owns 1,222,926 shares of the bank’s stock worth $72,398,000 after purchasing an additional 96,269 shares in the last quarter. Janus Henderson Group PLC grew its holdings in shares of BancFirst by 12.2% during the second quarter. Janus Henderson Group PLC now owns 652,437 shares of the bank’s stock worth $38,624,000 after purchasing an additional 70,732 shares in the last quarter. Cornerstone Wealth Management LLC purchased a new position in shares of BancFirst during the second quarter worth about $978,000. Finally, Dimensional Fund Advisors LP grew its holdings in shares of BancFirst by 2.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,169,077 shares of the bank’s stock worth $69,210,000 after purchasing an additional 29,538 shares in the last quarter. 33.38% of the stock is 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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