BancFirst Co. (NASDAQ:BANF – Get Free Report) EVP Randy Foraker sold 2,870 shares of BancFirst stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $107.10, for a total value of $307,377.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
BancFirst Price Performance
BancFirst stock traded down $1.85 during midday trading on Thursday, hitting $104.74. 2,106 shares of the company’s stock were exchanged, compared to its average volume of 71,210. BancFirst Co. has a 52-week low of $79.99 and a 52-week high of $110.79. The stock has a 50-day moving average price of $97.25 and a two-hundred day moving average price of $90.72. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.95 and a current ratio of 0.96. The company has a market cap of $3.46 billion, a P/E ratio of 17.42 and a beta of 1.04.
BancFirst (NASDAQ:BANF – Get Free Report) last posted its earnings results on Thursday, July 18th. The bank reported $1.51 EPS for the quarter, topping the consensus estimate of $1.42 by $0.09. BancFirst had a return on equity of 14.10% and a net margin of 29.64%. The business had revenue of $153.84 million during the quarter, compared to analysts’ expectations of $149.75 million. On average, equities research analysts forecast that BancFirst Co. will post 6.07 earnings per share for the current year.
BancFirst Increases Dividend
Institutional Investors Weigh In On BancFirst
Hedge funds have recently added to or reduced their stakes in the company. Point72 Asset Management L.P. bought a new stake in shares of BancFirst in the 2nd quarter valued at about $114,000. Creative Planning lifted its stake in shares of BancFirst by 47.8% in the 2nd quarter. Creative Planning now owns 9,210 shares of the bank’s stock valued at $808,000 after acquiring an additional 2,979 shares during the last quarter. Algert Global LLC lifted its stake in shares of BancFirst by 42.0% in the 2nd quarter. Algert Global LLC now owns 11,445 shares of the bank’s stock valued at $1,004,000 after acquiring an additional 3,387 shares during the last quarter. Millennium Management LLC lifted its stake in shares of BancFirst by 499.6% in the 2nd quarter. Millennium Management LLC now owns 57,614 shares of the bank’s stock valued at $5,053,000 after acquiring an additional 48,006 shares during the last quarter. Finally, AQR Capital Management LLC bought a new stake in shares of BancFirst in the 2nd quarter valued at about $220,000. Institutional investors own 51.72% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on BANF shares. StockNews.com upgraded BancFirst from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. Piper Sandler boosted their target price on BancFirst from $84.50 to $95.00 and gave the stock an “underweight” rating in a research report on Monday, July 22nd.
Check Out Our Latest Research Report on BancFirst
About BancFirst
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. The company operates through BancFirst Metropolitan Banks, BancFirst Community Banks, Pegasus, Worthington, and Other Financial Services segments.
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