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.
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.
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