BancFirst Co. (NASDAQ:BANF – Get Free Report) was the recipient of a large decline in short interest in the month of July. As of July 31st, there was short interest totalling 327,400 shares, a decline of 6.2% from the July 15th total of 349,100 shares. Based on an average trading volume of 83,700 shares, the short-interest ratio is presently 3.9 days. Currently, 1.7% of the company’s shares are sold short.
Wall Street Analyst Weigh In
Several brokerages have commented on BANF. StockNews.com raised shares of BancFirst from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. Piper Sandler upped their price objective on BancFirst from $84.50 to $95.00 and gave the stock an “underweight” rating in a research note on Monday, July 22nd.
Get Our Latest Research Report on BANF
Insiders Place Their Bets
Hedge Funds Weigh In On BancFirst
Large investors have recently made changes to their positions in the company. GAMMA Investing LLC bought a new position in BancFirst during the 4th quarter worth $25,000. Global Retirement Partners LLC bought a new position in BancFirst during the first quarter worth about $35,000. Benjamin F. Edwards & Company Inc. raised its stake in BancFirst by 557.1% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 506 shares of the bank’s stock worth $45,000 after purchasing an additional 429 shares in the last quarter. EntryPoint Capital LLC boosted its holdings in BancFirst by 56.8% in the 1st quarter. EntryPoint Capital LLC now owns 842 shares of the bank’s stock valued at $74,000 after purchasing an additional 305 shares during the period. Finally, Point72 DIFC Ltd acquired a new position in shares of BancFirst during the 2nd quarter worth approximately $77,000. Institutional investors own 51.72% of the company’s stock.
BancFirst Stock Performance
Shares of BANF opened at $101.23 on Wednesday. The company has a market cap of $3.34 billion, a PE ratio of 16.54 and a beta of 1.04. The firm has a 50-day moving average of $94.69 and a 200-day moving average of $89.98. BancFirst has a one year low of $79.99 and a one year high of $110.79. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.96 and a quick ratio of 0.95.
BancFirst (NASDAQ:BANF – Get Free Report) last posted its quarterly earnings results on Thursday, July 18th. The bank reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.09. BancFirst had a return on equity of 14.10% and a net margin of 29.64%. The business had revenue of $153.84 million for the quarter, compared to analysts’ expectations of $149.75 million. As a group, equities analysts forecast that BancFirst will post 6.07 earnings per share for the current year.
BancFirst Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were given a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend was Friday, June 28th. BancFirst’s payout ratio is 28.10%.
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. The company operates through BancFirst Metropolitan Banks, BancFirst Community Banks, Pegasus, Worthington, and Other Financial Services segments.
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