BancFirst (NASDAQ:BANF) had its target price boosted by Piper Sandler from $63.00 to $66.00 in a report published on Tuesday morning, BenzingaRatingsTable reports. They currently have a neutral rating on the bank’s stock. Piper Sandler also issued estimates for BancFirst’s Q1 2020 earnings at $0.95 EPS, Q2 2020 earnings at $0.99 EPS, Q3 2020 earnings at $1.04 EPS, Q4 2020 earnings at $1.05 EPS, FY2020 earnings at $4.03 EPS, Q1 2021 earnings at $0.97 EPS, Q2 2021 earnings at $1.01 EPS, Q3 2021 earnings at $1.06 EPS, Q4 2021 earnings at $1.08 EPS and FY2021 earnings at $4.12 EPS.

BANF has been the topic of a number of other reports. Zacks Investment Research lowered shares of BancFirst from a buy rating to a hold rating in a research report on Monday, December 23rd. ValuEngine lowered shares of BancFirst from a sell rating to a strong sell rating in a research report on Tuesday, January 14th. Finally, BidaskClub upgraded shares of BancFirst from a sell rating to a hold rating in a research report on Wednesday, January 15th. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the company. The stock currently has an average rating of Hold and an average price target of $68.00.

NASDAQ:BANF traded down $1.04 on Tuesday, reaching $60.25. The stock had a trading volume of 1,093 shares, compared to its average volume of 54,047. The company has a market capitalization of $2.01 billion, a P/E ratio of 14.88 and a beta of 0.86. BancFirst has a 1-year low of $50.19 and a 1-year high of $63.96. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.03. The stock has a fifty day moving average price of $61.99 and a 200-day moving average price of $57.88.

BancFirst (NASDAQ:BANF) last released its quarterly earnings results on Friday, January 17th. The bank reported $1.07 EPS for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.03. The firm had revenue of $109.46 million for the quarter, compared to analyst estimates of $108.60 million. BancFirst had a net margin of 28.48% and a return on equity of 14.37%. Sell-side analysts predict that BancFirst will post 4 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.32 per share. The ex-dividend date was Monday, December 30th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.12%. BancFirst’s payout ratio is 31.07%.

In related news, SVP Kelly Foster sold 2,500 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $60.00, for a total value of $150,000.00. Following the transaction, the senior vice president now directly owns 2,500 shares in the company, valued at $150,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Mark Gish sold 8,500 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $58.50, for a total transaction of $497,250.00. Following the completion of the transaction, the insider now owns 8,500 shares in the company, valued at $497,250. The disclosure for this sale can be found here. Insiders have sold 36,000 shares of company stock worth $2,139,750 over the last quarter. 38.27% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in BANF. CWM LLC lifted its holdings in BancFirst by 1,267.6% in the third quarter. CWM LLC now owns 465 shares of the bank’s stock valued at $26,000 after buying an additional 431 shares during the period. Bank of Montreal Can acquired a new position in BancFirst in the second quarter valued at approximately $87,000. Venturi Wealth Management LLC acquired a new position in BancFirst in the third quarter valued at approximately $141,000. Amundi Pioneer Asset Management Inc. acquired a new position in BancFirst in the first quarter valued at approximately $141,000. Finally, Alberta Investment Management Corp acquired a new position in BancFirst in the second quarter valued at approximately $223,000. Institutional investors and hedge funds own 35.06% 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. 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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