Zacks: Analysts Set $55.75 Price Target for BancFirst Corporation (BANF)
Shares of BancFirst Corporation (NASDAQ:BANF) have been given a consensus broker rating score of 3.00 (Hold) from the three analysts that provide coverage for the company, Zacks Investment Research reports. Three investment analysts have rated the stock with a hold recommendation.
Brokerages have set a 12 month consensus target price of $55.75 for the company and are forecasting that the company will post $0.68 earnings per share for the current quarter, according to Zacks. Zacks has also assigned BancFirst Corporation an industry rank of 123 out of 265 based on the ratings given to its competitors.
Several research firms have recently issued reports on BANF. Zacks Investment Research cut BancFirst Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, October 24th. ValuEngine upgraded BancFirst Corporation from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st.
In related news, EVP Darryl Schmidt sold 2,000 shares of BancFirst Corporation 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 transaction, the executive vice president now owns 2,000 shares in the company, valued at $112,200. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dave R. Lopez sold 5,373 shares of BancFirst Corporation stock in a transaction on Friday, August 11th. The shares were 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 in the company, valued at approximately $219,435.16. The disclosure for this sale can be found here. Insiders have sold 13,699 shares of company stock worth $701,176 in the last 90 days. Insiders own 44.97% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Ameritas Investment Partners Inc. boosted its holdings in BancFirst Corporation by 7.1% in the second quarter. Ameritas Investment Partners Inc. now owns 1,301 shares of the bank’s stock valued at $125,000 after acquiring an additional 86 shares during the last quarter. BNP Paribas Arbitrage SA boosted its holdings in BancFirst Corporation by 336.5% in the second quarter. BNP Paribas Arbitrage SA now owns 1,314 shares of the bank’s stock valued at $127,000 after acquiring an additional 1,013 shares during the last quarter. SG Americas Securities LLC acquired a new position in BancFirst Corporation in the first quarter valued at $133,000. State Board of Administration of Florida Retirement System acquired a new position in BancFirst Corporation in the third quarter valued at $201,000. Finally, Victory Capital Management Inc. boosted its holdings in BancFirst Corporation by 17.6% in the second quarter. Victory Capital Management Inc. now owns 2,090 shares of the bank’s stock valued at $202,000 after acquiring an additional 313 shares during the last quarter. Hedge funds and other institutional investors own 17.27% of the company’s stock.
BancFirst Corporation (BANF) traded up $0.37 during mid-day trading on Friday, hitting $54.70. The stock had a trading volume of 40,153 shares, compared to its average volume of 40,659. BancFirst Corporation has a 1-year low of $34.88 and a 1-year 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 firm has a market capitalization of $1.74 billion, a PE ratio of 21.08, a price-to-earnings-growth ratio of 2.03 and a beta of 0.55.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Friday, September 29th were issued a dividend of $0.21 per share. This is a boost from BancFirst Corporation’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.84 annualized dividend and a dividend yield of 1.54%. BancFirst Corporation’s dividend payout ratio (DPR) is 31.82%.
BancFirst Corporation Company Profile
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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