Zacks: BancFirst Co. (BANF) Receives Average Recommendation of “Hold” from Brokerages

BancFirst Co. (NASDAQ:BANF) has been given a consensus broker rating score of 3.00 (Hold) from the three analysts that provide coverage for the stock, Zacks Investment Research reports. Three analysts have rated the stock with a hold recommendation.

Brokerages have set a twelve-month consensus target price of $58.00 for the company and are forecasting that the company will post $0.82 EPS for the current quarter, according to Zacks. Zacks has also given BancFirst an industry rank of 21 out of 265 based on the ratings given to its competitors.

A number of equities analysts have recently issued reports on BANF shares. BidaskClub downgraded shares of BancFirst from a “hold” rating to a “sell” rating in a report on Wednesday, December 13th. Zacks Investment Research downgraded shares of BancFirst from a “buy” rating to a “hold” rating in a report on Tuesday, October 24th.

In other BancFirst news, major shareholder Banking Ltd Ptnrshp R sold 10,700 shares of the firm’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 completion of the transaction, the insider now directly owns 10,989,300 shares in the company, valued at approximately $619,576,734. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director H E. Rainbolt bought 500 shares of the company’s stock in a transaction on Monday, December 11th. The shares were acquired at an average price of $53.75 per share, with a total value of $26,875.00. Following the completion of the acquisition, the director now directly owns 606 shares in the company, valued at approximately $32,572.50. The disclosure for this purchase can be found here. Insiders have sold a total of 104,849 shares of company stock valued at $5,875,284 over the last 90 days. 42.32% of the stock is currently owned by insiders.

A number of large investors have recently bought and sold shares of BANF. Wells Fargo & Company MN increased its holdings in BancFirst by 8.3% during the 2nd quarter. Wells Fargo & Company MN now owns 12,544 shares of the bank’s stock valued at $1,212,000 after acquiring an additional 962 shares in the last quarter. Alliancebernstein L.P. increased its holdings in BancFirst by 17.6% during the 2nd quarter. Alliancebernstein L.P. now owns 10,000 shares of the bank’s stock valued at $966,000 after acquiring an additional 1,500 shares in the last quarter. Teachers Advisors LLC increased its holdings in BancFirst by 15.3% during the 2nd quarter. Teachers Advisors LLC now owns 15,525 shares of the bank’s stock valued at $1,500,000 after acquiring an additional 2,059 shares in the last quarter. TIAA CREF Investment Management LLC increased its holdings in BancFirst by 4.5% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 24,173 shares of the bank’s stock valued at $2,335,000 after acquiring an additional 1,043 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in BancFirst by 1.8% during the 2nd quarter. Northern Trust Corp now owns 255,910 shares of the bank’s stock valued at $24,719,000 after acquiring an additional 4,482 shares in the last quarter. Hedge funds and other institutional investors own 33.03% of the company’s stock.

BancFirst (BANF) opened at $54.20 on Monday. 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 stock has a market cap of $1,730.00, a PE ratio of 20.45, a PEG ratio of 1.61 and a beta of 0.66. BancFirst has a twelve month low of $42.50 and a twelve month high of $61.05.

BancFirst (NASDAQ:BANF) last announced its quarterly earnings results on Friday, January 19th. The bank reported $0.66 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.70 by ($0.04). The company had revenue of $91.53 million during the quarter, compared to analysts’ expectations of $86.53 million. BancFirst had a net margin of 24.35% and a return on equity of 11.83%. analysts forecast that BancFirst will post 3.38 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, January 15th. Shareholders of record on Friday, December 29th were issued a dividend of $0.21 per share. The ex-dividend date was Thursday, December 28th. This represents a $0.84 annualized dividend and a yield of 1.55%. BancFirst’s dividend payout ratio (DPR) is currently 31.70%.

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About BancFirst

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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