BancFirst Corp. (BANF) Given $66.00 Average Price Target by Analysts
Shares of BancFirst Corp. (NASDAQ:BANF) have earned a consensus broker rating score of 3.00 (Hold) from the four analysts that provide coverage for the stock, Zacks Investment Research reports. Four analysts have rated the stock with a hold recommendation.
Analysts have set a one year consensus price objective of $66.00 for the company and are forecasting that the company will post $1.14 EPS for the current quarter, according to Zacks. Zacks has also given BancFirst Corp. an industry rank of 222 out of 265 based on the ratings given to its competitors.
Several analysts have issued reports on the company. Zacks Investment Research upgraded BancFirst Corp. from a “hold” rating to a “buy” rating and set a $69.00 target price for the company in a report on Wednesday, June 22nd. Keefe, Bruyette & Woods upped their target price on BancFirst Corp. from $59.00 to $64.00 and gave the company a “market perform” rating in a report on Monday, July 25th.
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In other news, insider Robert M. Neville sold 5,250 shares of the stock in a transaction on Tuesday, September 13th. The stock was sold at an average price of $68.00, for a total transaction of $357,000.00. Following the completion of the transaction, the insider now directly owns 17,832 shares in the company, valued at approximately $1,212,576. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider David R. Harlow sold 9,200 shares of the stock in a transaction on Tuesday, August 23rd. The stock was sold at an average price of $67.11, for a total value of $617,412.00. Following the transaction, the insider now owns 9,200 shares of the company’s stock, valued at $617,412. The disclosure for this sale can be found here. Insiders own 44.97% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position in BancFirst Corp. by 2.9% in the first quarter. JPMorgan Chase & Co. now owns 204,588 shares of the company’s stock worth $11,667,000 after buying an additional 5,773 shares in the last quarter. Zebra Capital Management LLC acquired a new position in BancFirst Corp. during the first quarter worth $543,000. Jacobs Levy Equity Management Inc. boosted its position in BancFirst Corp. by 34.3% in the first quarter. Jacobs Levy Equity Management Inc. now owns 10,016 shares of the company’s stock worth $571,000 after buying an additional 2,560 shares in the last quarter. Creative Planning boosted its position in BancFirst Corp. by 0.7% in the second quarter. Creative Planning now owns 4,641 shares of the company’s stock worth $280,000 after buying an additional 33 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new position in BancFirst Corp. during the second quarter worth $518,000. Institutional investors and hedge funds own 29.89% of the company’s stock.
BancFirst Corp. (NASDAQ:BANF) traded down 0.6285% during mid-day trading on Tuesday, hitting $72.7399. The company had a trading volume of 28,162 shares. BancFirst Corp. has a 52-week low of $51.14 and a 52-week high of $75.14. The company has a market capitalization of $1.13 billion, a P/E ratio of 17.6553 and a beta of 0.78. The company has a 50-day moving average price of $69.93 and a 200 day moving average price of $63.74.
BancFirst Corp. (NASDAQ:BANF) last issued its earnings results on Thursday, July 21st. The company reported $1.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.06. BancFirst Corp. had a return on equity of 9.91% and a net margin of 20.79%. On average, analysts forecast that BancFirst Corp. will post $4.41 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be issued a dividend of $0.38 per share. The ex-dividend date is Wednesday, September 28th. This is a boost from BancFirst Corp.’s previous quarterly dividend of $0.36. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.08%. BancFirst Corp.’s dividend payout ratio is currently 36.89%.
About BancFirst Corp.
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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