Zacks: BancFirst Co. (BANF) Given $55.75 Consensus Price Target by Brokerages

Shares of BancFirst Co. (NASDAQ:BANF) have been given an average broker rating score of 3.00 (Hold) from the three brokers that provide coverage for the company, Zacks Investment Research reports. Three equities research analysts have rated the stock with a hold rating.

Brokers have set a twelve-month consensus price target of $55.75 for the company and are anticipating that the company will post $0.76 EPS for the current quarter, according to Zacks. Zacks has also assigned BancFirst an industry rank of 18 out of 265 based on the ratings given to its competitors.

A number of research firms have issued reports on BANF. BidaskClub cut shares of BancFirst from a “buy” rating to a “hold” rating in a research report on Thursday, December 7th. Zacks Investment Research upgraded shares of BancFirst from a “hold” rating to a “strong-buy” rating and set a $60.00 price objective on the stock in a research report on Monday, January 1st.

In related news, Director H E. Rainbolt purchased 500 shares of BancFirst stock in a transaction that occurred on Monday, December 11th. The shares were bought at an average price of $53.75 per share, for a total transaction of $26,875.00. Following the completion of the transaction, the director now directly owns 606 shares of the company’s stock, valued at $32,572.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Banking Ltd Ptnrshp R sold 10,700 shares of the business’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $56.38, for a total transaction of $603,266.00. Following the transaction, the insider now owns 10,989,300 shares in the company, valued at approximately $619,576,734. The disclosure for this sale can be found here. Insiders sold 18,741 shares of company stock worth $1,051,262 in the last 90 days. Corporate insiders own 42.32% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. purchased a new position in shares of BancFirst during the second quarter valued at about $1,635,000. Prudential Financial Inc. increased its position in shares of BancFirst by 90.7% during the third quarter. Prudential Financial Inc. now owns 65,692 shares of the bank’s stock valued at $3,728,000 after buying an additional 31,251 shares during the period. Vanguard Group Inc. increased its position in shares of BancFirst by 1.3% during the second quarter. Vanguard Group Inc. now owns 803,896 shares of the bank’s stock valued at $77,657,000 after buying an additional 10,658 shares during the period. Teachers Advisors LLC increased its position in shares of BancFirst by 15.3% during the second quarter. Teachers Advisors LLC now owns 15,525 shares of the bank’s stock valued at $1,500,000 after buying an additional 2,059 shares during the period. Finally, Ray Gerald L & Associates Ltd. increased its position in shares of BancFirst by 100.0% during the third quarter. Ray Gerald L & Associates Ltd. now owns 12,000 shares of the bank’s stock valued at $681,000 after buying an additional 6,000 shares during the period. Institutional investors own 33.10% of the company’s stock.

Shares of BancFirst (NASDAQ BANF) traded up $0.80 during trading hours on Friday, reaching $56.00. 146,328 shares of the company were exchanged, compared to its average volume of 46,122. The stock has a market cap of $1,759.23, a PE ratio of 21.13, a PEG ratio of 1.76 and a beta of 0.56. BancFirst has a one year low of $42.50 and a one year high of $61.05. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.02.

BancFirst (NASDAQ:BANF) last issued its earnings results on Thursday, October 19th. The bank reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.04). BancFirst had a return on equity of 11.83% and a net margin of 24.35%. equities research analysts predict that BancFirst will post 3.14 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 15th. Shareholders of record on Friday, December 29th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend was Thursday, December 28th. BancFirst’s payout ratio is 31.70%.

TRADEMARK VIOLATION NOTICE: This report was first published by American Banking News and is the sole property of of American Banking News. If you are viewing this report on another website, it was copied illegally and reposted in violation of U.S. and international copyright and trademark law. The original version of this report can be read at https://www.americanbankingnews.com/2018/01/20/zacks-bancfirst-co-banf-given-55-75-consensus-price-target-by-brokerages.html.

BancFirst 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.

Get a free copy of the Zacks research report on BancFirst (BANF)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for BancFirst Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BancFirst and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply