BancFirst Corporation (NASDAQ:BANF) Lowered to “Hold” at ValuEngine

BancFirst Corporation (NASDAQ:BANF) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday, September 1st.

Separately, BidaskClub raised BancFirst Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 16th.

BancFirst Corporation (NASDAQ:BANF) opened at 52.20 on Friday. The company has a market capitalization of $1.66 billion, a P/E ratio of 20.58 and a beta of 0.55. BancFirst Corporation has a one year low of $34.06 and a one year high of $57.90. The stock’s 50 day moving average price is $50.71 and its 200 day moving average price is $48.52.

BancFirst Corporation (NASDAQ:BANF) last announced its quarterly earnings results on Thursday, July 20th. The bank reported $0.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.13. BancFirst Corporation had a return on equity of 11.35% and a net margin of 23.91%. The business had revenue of $84.42 million for the quarter, compared to analyst estimates of $81.12 million. Equities analysts anticipate that BancFirst Corporation will post $2.80 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: This report was originally published by BBNS and is owned by of BBNS. If you are reading this report on another site, it was illegally stolen and republished in violation of United States and international copyright laws. The original version of this report can be read at https://baseballnewssource.com/markets/bancfirst-corporation-banf-downgraded-by-valuengine/1572457.html.

In related news, insider Darryl Schmidt sold 3,000 shares of the company’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $53.50, for a total transaction of $160,500.00. Following the completion of the sale, the insider now directly owns 3,000 shares of the company’s stock, valued at approximately $160,500. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Dave R. Lopez sold 4,366 shares of the company’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $50.27, for a total transaction of $219,478.82. Following the sale, the director now directly owns 4,366 shares of the company’s stock, valued at $219,478.82. The disclosure for this sale can be found here. Insiders sold a total of 14,699 shares of company stock valued at $749,476 over the last quarter. 44.97% of the stock is currently owned by insiders.

Large investors have recently bought and sold shares of the business. American International Group Inc. boosted its position in BancFirst Corporation by 7.0% in the 1st quarter. American International Group Inc. now owns 4,816 shares of the bank’s stock valued at $433,000 after buying an additional 314 shares during the last quarter. Swiss National Bank lifted its position in shares of BancFirst Corporation by 3.6% during the first quarter. Swiss National Bank now owns 11,659 shares of the bank’s stock worth $1,048,000 after purchasing an additional 400 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of BancFirst Corporation during the first quarter worth about $403,000. Menta Capital LLC bought a new position in shares of BancFirst Corporation during the first quarter worth about $351,000. Finally, Vanguard Group Inc. lifted its position in shares of BancFirst Corporation by 7.2% during the first quarter. Vanguard Group Inc. now owns 793,238 shares of the bank’s stock worth $71,312,000 after purchasing an additional 53,261 shares during the last quarter. 16.69% of the stock is owned by institutional investors.

BancFirst Corporation 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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