BancFirst (BANF) Cut to Strong Sell at BidaskClub

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BidaskClub lowered shares of BancFirst (NASDAQ:BANF) from a sell rating to a strong sell rating in a research report released on Tuesday, September 18th.

Several other equities analysts have also commented on BANF. Zacks Investment Research lowered shares of BancFirst from a buy rating to a hold rating in a report on Wednesday, June 20th. ValuEngine lowered shares of BancFirst from a hold rating to a sell rating in a report on Monday, September 17th.

Shares of BANF stock traded down $1.83 during trading hours on Tuesday, hitting $57.53. The company had a trading volume of 51,920 shares, compared to its average volume of 43,107. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.03 and a current ratio of 1.03. BancFirst has a fifty-two week low of $50.80 and a fifty-two week high of $65.70. The firm has a market cap of $1.96 billion, a P/E ratio of 21.15, a P/E/G ratio of 1.63 and a beta of 0.67.

BancFirst (NASDAQ:BANF) last issued its quarterly earnings data on Friday, July 20th. The bank reported $0.91 EPS for the quarter, topping the consensus estimate of $0.85 by $0.06. BancFirst had a net margin of 25.59% and a return on equity of 13.04%. The firm had revenue of $95.32 million for the quarter, compared to analyst estimates of $94.26 million. As a group, research analysts predict that BancFirst will post 3.67 EPS for the current fiscal 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 issued a dividend of $0.30 per share. The ex-dividend date is Thursday, September 27th. This is a positive change from BancFirst’s previous quarterly dividend of $0.21. This represents a $1.20 dividend on an annualized basis and a yield of 2.09%. BancFirst’s dividend payout ratio is 44.12%.

In other BancFirst news, insider Kevin Lawrence sold 1,250 shares of the stock in a transaction that occurred on Wednesday, September 5th. The shares were sold at an average price of $64.00, for a total value of $80,000.00. Following the sale, the insider now directly owns 1,250 shares of the company’s stock, valued at approximately $80,000. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider David Seat sold 528 shares of the stock in a transaction that occurred on Thursday, September 13th. The shares were sold at an average price of $61.25, for a total transaction of $32,340.00. Following the completion of the sale, the insider now directly owns 8,028 shares in the company, valued at $491,715. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,632 shares of company stock worth $550,609. 40.14% of the stock is owned by company insiders.

Large investors have recently made changes to their positions in the business. Sun Life Financial INC purchased a new stake in shares of BancFirst in the 2nd quarter valued at approximately $124,000. SG Americas Securities LLC purchased a new stake in shares of BancFirst in the 1st quarter valued at approximately $155,000. State Board of Administration of Florida Retirement System purchased a new stake in shares of BancFirst in the 2nd quarter valued at approximately $210,000. Meeder Asset Management Inc. purchased a new stake in shares of BancFirst in the 2nd quarter valued at approximately $284,000. Finally, Barclays PLC increased its position in shares of BancFirst by 84.1% in the 1st quarter. Barclays PLC now owns 4,933 shares of the bank’s stock valued at $262,000 after purchasing an additional 2,253 shares during the last quarter. 33.38% of the stock is currently owned by institutional investors.

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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