BancFirst (BANF) Downgraded by BidaskClub to Strong Sell
BidaskClub downgraded shares of BancFirst (NASDAQ:BANF) from a sell rating to a strong sell rating in a report published on Thursday.
Separately, Zacks Investment Research upgraded shares of BancFirst from a hold rating to a strong-buy rating and set a $60.00 price target for the company in a report on Monday, January 1st.
BancFirst (NASDAQ:BANF) traded up $0.35 during trading hours on Thursday, reaching $52.85. 43,800 shares of the company were exchanged, compared to its average volume of 47,875. BancFirst has a 52 week low of $42.50 and a 52 week high of $61.05. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.04. The company has a market cap of $1,684.33, a price-to-earnings ratio of 20.02, a P/E/G ratio of 1.78 and a beta of 0.56.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.84 annualized dividend and a yield of 1.59%. BancFirst’s dividend payout ratio (DPR) is presently 31.82%.
In other BancFirst news, insider Darryl Schmidt sold 2,420 shares of the company’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $55.00, for a total value of $133,100.00. Following the completion of the transaction, the insider now directly owns 2,420 shares in the company, valued at approximately $133,100. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director H E. Rainbolt acquired 500 shares of the firm’s stock in a transaction on Monday, December 11th. The stock was bought at an average price of $53.75 per share, with a total value of $26,875.00. Following the completion of the acquisition, the director now directly owns 606 shares in the company, valued at approximately $32,572.50. The disclosure for this purchase can be found here. Insiders sold a total of 18,741 shares of company stock valued at $1,051,262 over the last 90 days. Company insiders own 42.32% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. Ameritas Investment Partners Inc. grew its position in shares of BancFirst by 7.1% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,301 shares of the bank’s stock worth $125,000 after buying an additional 86 shares during the period. BNP Paribas Arbitrage SA grew its position in shares of BancFirst by 336.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,314 shares of the bank’s stock worth $127,000 after buying an additional 1,013 shares during the period. SG Americas Securities LLC purchased a new stake in shares of BancFirst in the 3rd quarter worth about $134,000. Great West Life Assurance Co. Can grew its position in shares of BancFirst by 100.0% in the 3rd quarter. Great West Life Assurance Co. Can now owns 2,630 shares of the bank’s stock worth $149,000 after buying an additional 1,315 shares during the period. Finally, State Board of Administration of Florida Retirement System purchased a new stake in shares of BancFirst in the 3rd quarter worth about $201,000. Institutional investors and hedge funds own 33.10% of the company’s stock.
BancFirst Company Profile
BancFirst Corporation is a financial holding company. The Company conducts its operating activities through its principal subsidiary, BancFirst (the Bank), a state-chartered bank. It has four business units, which include metropolitan banks, community banks, other financial services, and executive, operations and support.
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