Shares of BancFirst Corp. (NASDAQ:BANF) have been given a consensus broker rating score of 3.00 (Hold) from the four brokers that provide coverage for the company, Zacks Investment Research reports. Four analysts have rated the stock with a hold rating.
Analysts have set a one year consensus price objective of $78.00 for the company and are predicting that the company will post $1.12 earnings per share for the current quarter, according to Zacks. Zacks has also given BancFirst Corp. an industry rank of 162 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research raised BancFirst Corp. from a “hold” rating to a “buy” rating and set a $80.00 target price on the stock in a research note on Tuesday, October 25th.
In other BancFirst Corp. news, major shareholder Banking Ltd Ptnrshp R sold 26,400 shares of BancFirst Corp. stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $83.00, for a total transaction of $2,191,200.00. Following the sale, the insider now directly owns 5,623,600 shares of the company’s stock, valued at approximately $466,758,800. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director William H. Crawford sold 5,000 shares of BancFirst Corp. stock in a transaction that occurred on Thursday, November 10th. The shares were sold at an average price of $80.37, for a total value of $401,850.00. The disclosure for this sale can be found here. Company insiders own 44.97% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in BancFirst Corp. by 8.6% in the second quarter. Vanguard Group Inc. now owns 673,491 shares of the company’s stock valued at $40,626,000 after buying an additional 53,497 shares during the last quarter. Northern Trust Corp boosted its stake in BancFirst Corp. by 14.1% in the third quarter. Northern Trust Corp now owns 287,086 shares of the company’s stock valued at $20,817,000 after buying an additional 35,442 shares during the last quarter. ProShare Advisors LLC purchased a new stake in BancFirst Corp. during the second quarter valued at $1,830,000. Emerald Acquisition Ltd. purchased a new stake in BancFirst Corp. during the second quarter valued at $1,775,000. Finally, Zacks Investment Management purchased a new stake in BancFirst Corp. during the third quarter valued at $2,077,000. 30.70% of the stock is currently owned by institutional investors and hedge funds.
Shares of BancFirst Corp. (NASDAQ:BANF) opened at 82.75 on Wednesday. The stock has a market capitalization of $1.30 billion, a P/E ratio of 19.38 and a beta of 0.64. BancFirst Corp. has a 12 month low of $51.14 and a 12 month high of $85.00. The company’s 50 day moving average price is $75.23 and its 200-day moving average price is $67.52.
BancFirst Corp. (NASDAQ:BANF) last posted its earnings results on Thursday, October 20th. The company reported $1.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.14 by $0.01. BancFirst Corp. had a return on equity of 10.08% and a net margin of 21.02%. Equities analysts predict that BancFirst Corp. will post $4.41 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 13th. Shareholders of record on Friday, December 30th will be given a dividend of $0.38 per share. The ex-dividend date is Wednesday, December 28th. This represents a $1.52 annualized dividend and a yield of 1.84%. BancFirst Corp.’s payout ratio is 35.60%.
About BancFirst Corp.
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.