BancFirst (NASDAQ:BANF) Price Target Raised to $123.00 at Keefe, Bruyette & Woods

BancFirst (NASDAQ:BANF) had its price objective boosted by stock analysts at Keefe, Bruyette & Woods from $120.00 to $123.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a “market perform” rating on the bank’s stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 4.81% from the stock’s previous close.

A number of other brokerages also recently weighed in on BANF. Wall Street Zen downgraded shares of BancFirst from a “hold” rating to a “sell” rating in a research report on Saturday, October 25th. Weiss Ratings reiterated a “buy (b)” rating on shares of BancFirst in a report on Monday, December 22nd. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, BancFirst has an average rating of “Hold” and an average target price of $129.50.

BancFirst Trading Up 1.2%

Shares of BANF stock opened at $117.36 on Friday. BancFirst has a 1-year low of $97.02 and a 1-year high of $138.77. The firm has a market cap of $3.91 billion, a P/E ratio of 16.65 and a beta of 0.66. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.02 and a quick ratio of 1.02. The firm’s 50-day simple moving average is $110.56 and its 200-day simple moving average is $119.77.

BancFirst (NASDAQ:BANF) last issued its earnings results on Thursday, January 22nd. The bank reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). BancFirst had a net margin of 25.13% and a return on equity of 13.97%. The business had revenue of $181.00 million during the quarter, compared to analysts’ expectations of $173.76 million. As a group, equities analysts forecast that BancFirst will post 6.52 EPS for the current year.

Institutional Investors Weigh In On BancFirst

Several large investors have recently modified their holdings of BANF. Signaturefd LLC boosted its stake in BancFirst by 5.2% in the fourth quarter. Signaturefd LLC now owns 1,873 shares of the bank’s stock worth $199,000 after purchasing an additional 93 shares in the last quarter. Allworth Financial LP grew its stake in BancFirst by 47.5% in the third quarter. Allworth Financial LP now owns 295 shares of the bank’s stock valued at $37,000 after acquiring an additional 95 shares during the period. KLP Kapitalforvaltning AS increased its position in shares of BancFirst by 2.2% during the second quarter. KLP Kapitalforvaltning AS now owns 4,600 shares of the bank’s stock worth $570,000 after acquiring an additional 100 shares in the last quarter. Oregon Public Employees Retirement Fund grew its holdings in shares of BancFirst by 2.2% during the third quarter. Oregon Public Employees Retirement Fund now owns 4,652 shares of the bank’s stock worth $588,000 after buying an additional 100 shares in the last quarter. Finally, Triton Financial Group Inc raised its holdings in BancFirst by 0.7% during the third quarter. Triton Financial Group Inc now owns 14,592 shares of the bank’s stock worth $1,845,000 after acquiring an additional 101 shares in the last quarter. 51.72% of the stock is currently owned by institutional investors.

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.