According to Zacks, “BancFirst Corporation is a bank holding company for BancFirst. BancFirst Corporation also owns 100% of the common securities of BFC Capital Trust I, and First State Bank. BancFirst’s strategy focuses on providing a full range of commercial banking services to retail customers and small to medium-sized businesses both in the non-metropolitan trade centers and the metropolitan markets. BancFirst operates as a super community bank, managing their community banking offices on a decentralized basis, which permits them to be responsive to local customer needs. “
Separately, Keefe, Bruyette & Woods boosted their target price on BancFirst Corp. from $59.00 to $64.00 and gave the stock a market perform rating in a research note on Monday, July 25th.
Shares of BancFirst Corp. (NASDAQ:BANF) opened at 71.19 on Monday. BancFirst Corp. has a 52 week low of $51.14 and a 52 week high of $72.37. The firm has a market cap of $1.11 billion, a PE ratio of 17.28 and a beta of 0.81. The stock’s 50 day moving average is $68.79 and its 200-day moving average is $62.90.
BancFirst Corp. (NASDAQ:BANF) last announced its quarterly earnings data on Thursday, July 21st. The company reported $1.10 EPS for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.06. BancFirst Corp. had a return on equity of 9.91% and a net margin of 20.79%. On average, equities analysts predict that BancFirst Corp. will post $4.41 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be paid a dividend of $0.38 per share. This is a boost from BancFirst Corp.’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $1.52 annualized dividend and a yield of 2.14%. BancFirst Corp.’s payout ratio is presently 36.89%.
In related news, insider Jennifer C. Weast sold 625 shares of the business’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $66.40, for a total transaction of $41,500.00. Following the completion of the sale, the insider now owns 625 shares in the company, valued at $41,500. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Robert M. Neville sold 5,250 shares of the business’s stock in a transaction that occurred on Tuesday, September 13th. The stock was sold at an average price of $68.00, for a total value of $357,000.00. Following the sale, the insider now owns 17,832 shares of the company’s stock, valued at approximately $1,212,576. The disclosure for this sale can be found here. Corporate insiders own 44.97% of the company’s stock.
Large investors have recently bought and sold shares of the company. BlackRock Inc. boosted its stake in BancFirst Corp. by 304.5% in the second quarter. BlackRock Inc. now owns 1,792 shares of the company’s stock valued at $108,000 after buying an additional 1,349 shares during the last quarter. BlackRock Group LTD boosted its stake in shares of BancFirst Corp. by 47.0% in the second quarter. BlackRock Group LTD now owns 2,982 shares of the company’s stock worth $180,000 after buying an additional 954 shares in the last quarter. AQR Capital Management LLC purchased a new stake in shares of BancFirst Corp. during the second quarter worth $229,000. BlackRock Advisors LLC boosted its stake in shares of BancFirst Corp. by 12.0% in the second quarter. BlackRock Advisors LLC now owns 3,822 shares of the company’s stock worth $231,000 after buying an additional 409 shares in the last quarter. Finally, American International Group Inc. boosted its stake in shares of BancFirst Corp. by 5.7% in the second quarter. American International Group Inc. now owns 4,508 shares of the company’s stock worth $272,000 after buying an additional 242 shares in the last quarter. Hedge funds and other institutional investors own 29.89% of the company’s stock.
BancFirst Corp. 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for BancFirst Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BancFirst Corp. and related companies with MarketBeat.com's FREE daily email newsletter.