BancFirst (BANF) Downgraded by BidaskClub

BancFirst (NASDAQ:BANF) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Thursday.

A number of other equities analysts have also recently commented on BANF. Zacks Investment Research cut shares of BancFirst from a “buy” rating to a “hold” rating in a report on Tuesday, October 24th. ValuEngine cut shares of BancFirst from a “buy” rating to a “hold” rating in a report on Friday, September 1st.

Shares of BancFirst (NASDAQ:BANF) remained flat at $$54.90 during trading on Thursday. 29,091 shares of the company’s stock traded hands, compared to its average volume of 51,062. The firm has a market capitalization of $1,770.38, a price-to-earnings ratio of 21.04, a PEG ratio of 2.03 and a beta of 0.56. BancFirst has a fifty-two week low of $42.50 and a fifty-two week high of $61.05. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04.

In other news, major shareholder Banking Ltd Ptnrshp R sold 10,700 shares of BancFirst stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $56.38, for a total value of $603,266.00. Following the transaction, the insider now directly owns 10,989,300 shares of the company’s stock, valued at approximately $619,576,734. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Darryl Schmidt sold 2,420 shares of BancFirst stock in a transaction on Monday, November 27th. The shares were sold at an average price of $55.00, for a total transaction of $133,100.00. Following the completion of the transaction, the insider now directly owns 2,420 shares in the company, valued at $133,100. The disclosure for this sale can be found here. Insiders sold a total of 15,200 shares of company stock worth $852,966 over the last ninety days. Corporate insiders own 42.32% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in BANF. Teachers Advisors LLC increased its stake in BancFirst by 4.1% in the 1st quarter. Teachers Advisors LLC now owns 13,466 shares of the bank’s stock valued at $1,211,000 after buying an additional 525 shares during the period. California Public Employees Retirement System increased its stake in BancFirst by 12.5% in the 1st quarter. California Public Employees Retirement System now owns 11,700 shares of the bank’s stock valued at $1,052,000 after buying an additional 1,300 shares during the period. Aperio Group LLC increased its stake in BancFirst by 34.6% in the 2nd quarter. Aperio Group LLC now owns 3,160 shares of the bank’s stock valued at $305,000 after buying an additional 812 shares during the period. Schwab Charles Investment Management Inc. increased its stake in BancFirst by 3.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 56,703 shares of the bank’s stock valued at $5,478,000 after buying an additional 2,071 shares during the period. Finally, Granite Investment Partners LLC increased its stake in BancFirst by 2.8% in the 2nd quarter. Granite Investment Partners LLC now owns 97,450 shares of the bank’s stock valued at $9,413,000 after buying an additional 2,625 shares during the period. 33.10% of the stock is currently owned by institutional investors.

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BancFirst 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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