BancFirst (NASDAQ:BANF) Upgraded by Wall Street Zen to “Hold” Rating

BancFirst (NASDAQ:BANF) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

Other analysts have also recently issued reports about the stock. DA Davidson reissued a “neutral” rating and set a $125.00 target price on shares of BancFirst in a report on Friday, June 12th. Weiss Ratings lowered BancFirst from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, July 16th. Four investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, BancFirst has an average rating of “Hold” and a consensus price target of $124.00.

BancFirst Trading Up 1.4%

NASDAQ:BANF opened at $116.58 on Friday. The company has a market cap of $3.92 billion, a PE ratio of 15.73 and a beta of 0.59. The business’s 50 day moving average is $112.86 and its two-hundred day moving average is $112.09. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.05. BancFirst has a 52 week low of $101.48 and a 52 week high of $138.77.

BancFirst (NASDAQ:BANF) last issued its quarterly earnings results on Friday, July 24th. The bank reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.80 by $0.16. BancFirst had a return on equity of 13.64% and a net margin of 25.50%.The business had revenue of $187.49 million during the quarter, compared to the consensus estimate of $178.53 million. On average, analysts predict that BancFirst will post 7.39 EPS for the current year.

Insiders Place Their Bets

In related news, Director David E. Rainbolt sold 9,001 shares of the company’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $115.11, for a total value of $1,036,105.11. Following the completion of the sale, the director owned 166,783 shares of the company’s stock, valued at $19,198,391.13. This represents a 5.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold a total of 40,040 shares of company stock valued at $4,619,565 over the last three months. Corporate insiders own 31.67% of the company’s stock.

Institutional Trading of BancFirst

Institutional investors have recently made changes to their positions in the stock. Signaturefd LLC lifted its holdings in shares of BancFirst by 5.2% in the fourth quarter. Signaturefd LLC now owns 1,873 shares of the bank’s stock valued at $199,000 after purchasing an additional 93 shares in the last quarter. Allworth Financial LP grew its position in BancFirst by 47.5% during the third quarter. Allworth Financial LP now owns 295 shares of the bank’s stock valued at $37,000 after purchasing an additional 95 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of BancFirst by 2.1% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 4,752 shares of the bank’s stock valued at $504,000 after buying an additional 100 shares during the period. Advisors Asset Management Inc. raised its holdings in shares of BancFirst by 9.5% during the fourth quarter. Advisors Asset Management Inc. now owns 1,245 shares of the bank’s stock worth $132,000 after acquiring an additional 108 shares in the last quarter. Finally, ProShare Advisors LLC grew its stake in BancFirst by 3.2% in the fourth quarter. ProShare Advisors LLC now owns 4,058 shares of the bank’s stock valued at $430,000 after purchasing an additional 127 shares in the last quarter. 51.72% of the stock is owned by institutional investors and hedge funds.

BancFirst Company Profile

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.