Keefe, Bruyette & Woods Issues Positive Forecast for BancFirst (NASDAQ:BANF) Stock Price

BancFirst (NASDAQ:BANF) had its price objective lifted by Keefe, Bruyette & Woods from $117.00 to $135.00 in a research report report published on Wednesday morning,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the bank’s stock.

Several other analysts have also commented on BANF. StockNews.com upgraded BancFirst from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. DA Davidson increased their price objective on BancFirst from $104.00 to $110.00 and gave the company a “neutral” rating in a report on Monday, October 21st.

BancFirst Stock Up 2.1 %

Shares of NASDAQ BANF opened at $128.68 on Wednesday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $4.26 billion, a PE ratio of 20.69 and a beta of 1.05. The stock’s fifty day simple moving average is $114.17 and its two-hundred day simple moving average is $102.42. BancFirst has a 12-month low of $81.21 and a 12-month high of $132.29.

BancFirst (NASDAQ:BANF) last issued its quarterly earnings data on Thursday, October 17th. The bank reported $1.75 EPS for the quarter, beating the consensus estimate of $1.57 by $0.18. BancFirst had a return on equity of 13.92% and a net margin of 23.52%. The firm had revenue of $163.67 million during the quarter, compared to analyst estimates of $156.70 million. As a group, analysts expect that BancFirst will post 6.37 EPS for the current fiscal year.

BancFirst Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a $0.46 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.84 dividend on an annualized basis and a yield of 1.43%. BancFirst’s dividend payout ratio (DPR) is 29.58%.

Insider Buying and Selling

In other BancFirst news, Director David E. Rainbolt sold 1,391 shares of BancFirst stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $105.01, for a total transaction of $146,068.91. Following the completion of the transaction, the director now owns 215,024 shares in the company, valued at approximately $22,579,670.24. This trade represents a 0.64 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director William Scott Martin sold 24,607 shares of BancFirst stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $124.70, for a total value of $3,068,492.90. Following the transaction, the director now owns 224,499 shares of the company’s stock, valued at $27,995,025.30. The trade was a 9.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 159,054 shares of company stock worth $18,507,146 in the last 90 days. Insiders own 33.89% of the company’s stock.

Hedge Funds Weigh In On BancFirst

A number of institutional investors have recently modified their holdings of BANF. Price T Rowe Associates Inc. MD raised its stake in shares of BancFirst by 9.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,104 shares of the bank’s stock valued at $802,000 after buying an additional 776 shares during the last quarter. SG Americas Securities LLC grew its position in shares of BancFirst by 367.6% during the 2nd quarter. SG Americas Securities LLC now owns 7,299 shares of the bank’s stock valued at $640,000 after acquiring an additional 5,738 shares during the period. Curated Wealth Partners LLC grew its position in shares of BancFirst by 180.4% during the 2nd quarter. Curated Wealth Partners LLC now owns 2,433 shares of the bank’s stock valued at $213,000 after acquiring an additional 5,460 shares during the period. Diversified Trust Co grew its position in shares of BancFirst by 2.6% during the 2nd quarter. Diversified Trust Co now owns 4,972 shares of the bank’s stock valued at $436,000 after acquiring an additional 128 shares during the period. Finally, AlphaMark Advisors LLC acquired a new stake in shares of BancFirst during the 2nd quarter valued at about $297,000. Hedge funds and other institutional investors own 51.72% of the company’s stock.

BancFirst Company Profile

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.