Research analysts at Sandler O’Neill initiated coverage on shares of BancFirst (NASDAQ:BANF) in a report issued on Wednesday, The Fly reports. The firm set a “hold” rating on the bank’s stock.
Several other brokerages also recently issued reports on BANF. BidaskClub downgraded shares of BancFirst from a “hold” rating to a “sell” rating in a research report on Monday, June 24th. Zacks Investment Research raised shares of BancFirst from a “hold” rating to a “buy” rating and set a $62.00 price objective on the stock in a research report on Tuesday, July 9th.
Shares of BancFirst stock opened at $54.25 on Wednesday. BancFirst has a 1 year low of $48.07 and a 1 year high of $65.25. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.04 and a quick ratio of 1.04. The stock has a market cap of $1.80 billion, a P/E ratio of 14.20, a P/E/G ratio of 1.98 and a beta of 0.83. The stock’s fifty day simple moving average is $56.37.
BancFirst (NASDAQ:BANF) last issued its quarterly earnings data on Thursday, July 18th. The bank reported $1.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.09. BancFirst had a net margin of 29.12% and a return on equity of 14.34%. The company had revenue of $102.87 million for the quarter, compared to the consensus estimate of $99.79 million. As a group, sell-side analysts anticipate that BancFirst will post 3.99 earnings per share for the current year.
In related news, Director Ronald J. Norick bought 2,000 shares of BancFirst stock in a transaction dated Tuesday, May 28th. The shares were bought at an average cost of $53.74 per share, with a total value of $107,480.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 38.27% of the stock is owned by corporate insiders.
Several hedge funds have recently made changes to their positions in BANF. Norges Bank acquired a new position in shares of BancFirst during the 4th quarter worth about $12,917,000. Allianz Asset Management GmbH bought a new stake in shares of BancFirst in the second quarter valued at $5,572,000. BlackRock Inc. raised its stake in shares of BancFirst by 5.3% in the second quarter. BlackRock Inc. now owns 1,368,722 shares of the bank’s stock valued at $76,182,000 after buying an additional 69,030 shares during the period. Janus Henderson Group PLC raised its stake in shares of BancFirst by 13.5% in the second quarter. Janus Henderson Group PLC now owns 501,864 shares of the bank’s stock valued at $27,934,000 after buying an additional 59,513 shares during the period. Finally, Granite Investment Partners LLC raised its stake in shares of BancFirst by 31.5% in the first quarter. Granite Investment Partners LLC now owns 171,669 shares of the bank’s stock valued at $8,953,000 after buying an additional 41,076 shares during the period. Institutional investors and hedge funds own 34.05% of the company’s stock.
BancFirst Corporation operates as the bank holding company for BancFirst that provides a range of commercial banking services to retail customers, and small to medium-sized businesses. It operates through Metropolitan Banks, Community Banks, and Other Financial Services segments. The company offers checking accounts, negotiable order of withdrawal accounts, savings accounts, money market accounts, sweep accounts, club accounts, individual retirement accounts, and certificates of deposit, as well as overdraft protection and auto draft services.
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