Zacks Investment Research downgraded shares of BancFirst (NASDAQ:BANF) from a buy rating to a hold rating in a report published on Wednesday.

According to Zacks, “BancFirst Corporation is a bank holding company for BancFirst. BancFirst Corporation also owns 100% of the common securities of BFC Capital Trust I, and First State Bank. BancFirst’s strategy focuses on providing a full range of commercial banking services to retail customers and small to medium-sized businesses both in the non-metropolitan trade centers and the metropolitan markets. BancFirst operates as a super community bank, managing their community banking offices on a decentralized basis, which permits them to be responsive to local customer needs. “

Other research analysts have also recently issued research reports about the company. BidaskClub cut BancFirst from a hold rating to a sell rating in a research report on Thursday, August 30th. ValuEngine cut BancFirst from a hold rating to a sell rating in a research report on Monday, September 17th.

Shares of NASDAQ BANF opened at $62.60 on Wednesday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.04. BancFirst has a 52 week low of $50.80 and a 52 week high of $65.70. The firm has a market capitalization of $2.05 billion, a P/E ratio of 23.01, a P/E/G ratio of 1.71 and a beta of 0.67.

BancFirst (NASDAQ:BANF) last issued its quarterly earnings results on Friday, July 20th. The bank reported $0.91 EPS for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.06. BancFirst had a return on equity of 13.04% and a net margin of 25.59%. The company had revenue of $95.32 million for the quarter, compared to analysts’ expectations of $94.26 million. equities analysts anticipate that BancFirst will post 3.67 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Friday, September 28th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date is Thursday, September 27th. This is a boost from BancFirst’s previous quarterly dividend of $0.21. BancFirst’s payout ratio is currently 30.88%.

In other BancFirst news, insider Kevin Lawrence sold 5,000 shares of BancFirst stock in a transaction dated Monday, July 23rd. The stock was sold at an average price of $64.00, for a total value of $320,000.00. Following the transaction, the insider now owns 5,000 shares in the company, valued at $320,000. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider David Seat sold 528 shares of BancFirst stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $61.25, for a total value of $32,340.00. Following the completion of the transaction, the insider now owns 8,028 shares in the company, valued at approximately $491,715. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,632 shares of company stock worth $550,609. Company insiders own 42.32% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Legal & General Group Plc grew its position in BancFirst by 14.7% in the first quarter. Legal & General Group Plc now owns 7,010 shares of the bank’s stock valued at $372,000 after acquiring an additional 900 shares during the last quarter. Victory Capital Management Inc. grew its position in BancFirst by 15.9% in the second quarter. Victory Capital Management Inc. now owns 6,840 shares of the bank’s stock valued at $405,000 after acquiring an additional 937 shares during the last quarter. Rhumbline Advisers grew its position in BancFirst by 5.4% in the second quarter. Rhumbline Advisers now owns 20,608 shares of the bank’s stock valued at $1,220,000 after acquiring an additional 1,065 shares during the last quarter. Wells Fargo & Company MN grew its position in BancFirst by 4.3% in the first quarter. Wells Fargo & Company MN now owns 29,535 shares of the bank’s stock valued at $1,568,000 after acquiring an additional 1,213 shares during the last quarter. Finally, John W. Rosenthal Capital Management Inc. grew its position in BancFirst by 1.2% in the second quarter. John W. Rosenthal Capital Management Inc. now owns 109,000 shares of the bank’s stock valued at $6,453,000 after acquiring an additional 1,250 shares during the last quarter. Hedge funds and other institutional investors own 33.38% of the company’s stock.

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. It operates through Metropolitan Banks, Community Banks, and Other Financial Services segments. The company offers checking accounts, negotiable order of withdrawal accounts, savings accounts, money market accounts, sweep accounts, club accounts, individual retirement accounts, and certificates of deposit, as well as overdraft protection and auto draft services.

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