Zacks: BancFirst Co. (BANF) Receives Average Recommendation of “Hold” from Brokerages
Shares of BancFirst Co. (NASDAQ:BANF) have been given an average broker rating score of 3.00 (Hold) from the three brokers that provide coverage for the stock, Zacks Investment Research reports. Three analysts have rated the stock with a hold rating.
Analysts have set a 1-year consensus price target of $55.75 for the company and are predicting that the company will post $0.68 EPS for the current quarter, according to Zacks. Zacks has also given BancFirst an industry rank of 203 out of 265 based on the ratings given to its competitors.
BANF has been the topic of several research reports. BidaskClub lowered BancFirst from a “buy” rating to a “hold” rating in a research report on Thursday, December 7th. Zacks Investment Research lowered BancFirst from a “buy” rating to a “hold” rating in a research report on Tuesday, October 24th. Finally, ValuEngine lowered BancFirst from a “buy” rating to a “hold” rating in a research report on Friday, September 1st.
The company also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.55%. The ex-dividend date is Thursday, December 28th. BancFirst’s payout ratio is currently 31.82%.
In other news, EVP Darryl Schmidt sold 2,000 shares of the stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $56.10, for a total transaction of $112,200.00. Following the transaction, the executive vice president now owns 2,000 shares of the company’s stock, valued at approximately $112,200. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director H E. Rainbolt acquired 500 shares of the stock in a transaction dated Monday, December 11th. The shares were bought at an average cost of $53.75 per share, for a total transaction of $26,875.00. Following the acquisition, the director now owns 606 shares in the company, valued at approximately $32,572.50. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 18,741 shares of company stock worth $1,051,262. Insiders own 42.32% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of BANF. Dimensional Fund Advisors LP increased its holdings in shares of BancFirst by 102.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,115,778 shares of the bank’s stock valued at $63,320,000 after acquiring an additional 563,314 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of BancFirst by 121.2% during the 3rd quarter. Janus Henderson Group PLC now owns 523,227 shares of the bank’s stock valued at $29,693,000 after acquiring an additional 286,641 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of BancFirst by 102.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 446,497 shares of the bank’s stock valued at $25,339,000 after acquiring an additional 226,044 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of BancFirst by 96.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 291,173 shares of the bank’s stock valued at $16,525,000 after acquiring an additional 142,674 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of BancFirst by 92.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 208,859 shares of the bank’s stock valued at $11,853,000 after acquiring an additional 100,495 shares during the last quarter. 33.10% of the stock is currently owned by institutional investors and hedge funds.
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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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