BancFirst (NASDAQ:BANF) Given New $123.00 Price Target at Keefe, Bruyette & Woods

BancFirst (NASDAQ:BANF) had its target price upped by Keefe, Bruyette & Woods from $120.00 to $123.00 in a research report released on Friday morning,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the bank’s stock.

A number of other analysts have also commented on BANF. Weiss Ratings reiterated a “buy (b)” rating on shares of BancFirst in a report on Monday, December 22nd. Wall Street Zen cut BancFirst from a “hold” rating to a “sell” rating in a research note on Saturday, October 25th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $129.50.

BancFirst Trading Down 7.6%

NASDAQ:BANF opened at $108.47 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.02 and a quick ratio of 1.02. BancFirst has a one year low of $97.02 and a one year high of $138.77. The company has a market cap of $3.62 billion, a PE ratio of 15.23 and a beta of 0.66. The firm has a 50-day moving average of $110.51 and a 200-day moving average of $119.62.

BancFirst (NASDAQ:BANF) last announced its earnings results on Thursday, January 22nd. The bank reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.78 by ($0.03). The company had revenue of $181.00 million for the quarter, compared to analysts’ expectations of $173.76 million. BancFirst had a net margin of 25.13% and a return on equity of 13.93%. As a group, equities research analysts expect that BancFirst will post 6.52 EPS for the current fiscal year.

BancFirst Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Wednesday, December 31st. BancFirst’s dividend payout ratio (DPR) is 27.80%.

Institutional Investors Weigh In On BancFirst

Several large investors have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC lifted its holdings in shares of BancFirst by 548.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 201 shares of the bank’s stock worth $25,000 after acquiring an additional 170 shares during the last quarter. Quarry LP raised its position in BancFirst by 531.4% during the third quarter. Quarry LP now owns 221 shares of the bank’s stock valued at $28,000 after purchasing an additional 186 shares in the last quarter. Cullen Frost Bankers Inc. bought a new stake in BancFirst during the third quarter worth about $35,000. Allworth Financial LP boosted its holdings in shares of BancFirst by 47.5% in the 3rd quarter. Allworth Financial LP now owns 295 shares of the bank’s stock worth $37,000 after purchasing an additional 95 shares in the last quarter. Finally, Eagle Bay Advisors LLC bought a new position in shares of BancFirst during the 4th quarter valued at about $40,000. Institutional investors own 51.72% of the company’s stock.

About BancFirst

BancFirst Corporation is a regional banking holding company based in Oklahoma City, Oklahoma. As the largest state‐chartered bank in Oklahoma, BancFirst offers a comprehensive suite of financial services to individuals, businesses and government entities. Its core business activities include commercial and consumer banking, mortgage lending, treasury management, equipment financing and electronic banking solutions.

The bank operates a network of more than 60 branches across Oklahoma, serving urban centers such as Oklahoma City and Tulsa, as well as rural communities throughout the state.