BancFirst Corporation (NASDAQ:BANF) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Tuesday.

According to Zacks, “BancFirst Corporation is a bank holding company for BancFirst. BancFirst Corporation also owns 100% of the common securities of BFC Capital Trust I, and First State Bank. BancFirst’s strategy focuses on providing a full range of commercial banking services to retail customers and small to medium-sized businesses both in the non-metropolitan trade centers and the metropolitan markets. BancFirst operates as a super community bank, managing their community banking offices on a decentralized basis, which permits them to be responsive to local customer needs. “

BANF has been the subject of a number of other reports. ValuEngine downgraded BancFirst Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. BidaskClub upgraded BancFirst Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th.

BancFirst Corporation (NASDAQ BANF) traded up 1.35% during trading on Tuesday, reaching $56.30. 55,552 shares of the company were exchanged. The firm’s 50 day moving average is $54.86 and its 200 day moving average is $50.59. The stock has a market capitalization of $1.79 billion, a PE ratio of 22.19 and a beta of 0.56. BancFirst Corporation has a 52-week low of $34.62 and a 52-week high of $61.05.

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In other news, Director Dave R. Lopez sold 5,373 shares of the stock in a transaction on Friday, August 11th. The stock was sold at an average price of $50.26, for a total value of $270,046.98. Following the completion of the transaction, the director now owns 4,366 shares of the company’s stock, valued at $219,435.16. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Darryl Schmidt sold 2,000 shares of the stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $56.10, for a total value of $112,200.00. Following the completion of the transaction, the executive vice president now directly owns 2,000 shares of the company’s stock, valued at approximately $112,200. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,699 shares of company stock valued at $861,676. 44.97% of the stock is owned by company insiders.

Several large investors have recently added to or reduced their stakes in BANF. Wells Fargo & Company MN grew its stake in shares of BancFirst Corporation by 3.3% in the first quarter. Wells Fargo & Company MN now owns 11,582 shares of the bank’s stock worth $1,041,000 after purchasing an additional 367 shares in the last quarter. Swiss National Bank grew its stake in shares of BancFirst Corporation by 3.6% in the first quarter. Swiss National Bank now owns 11,659 shares of the bank’s stock worth $1,048,000 after purchasing an additional 400 shares in the last quarter. Karp Capital Management Corp bought a new position in shares of BancFirst Corporation in the first quarter worth $211,000. Parametric Portfolio Associates LLC grew its stake in shares of BancFirst Corporation by 0.7% in the first quarter. Parametric Portfolio Associates LLC now owns 13,829 shares of the bank’s stock worth $1,243,000 after purchasing an additional 101 shares in the last quarter. Finally, Ameritas Investment Partners Inc. grew its stake 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 purchasing an additional 651 shares in the last quarter. 16.85% of the stock is owned by institutional investors.

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.

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