BidaskClub Lowers BancFirst (BANF) to Strong Sell

BidaskClub cut shares of BancFirst (NASDAQ:BANF) from a sell rating to a strong sell rating in a report released on Thursday.

A number of other equities research analysts have also commented on the company. Zacks Investment Research upgraded BancFirst from a hold rating to a buy rating and set a $64.00 price target on the stock in a research report on Tuesday, October 23rd. ValuEngine lowered BancFirst from a hold rating to a sell rating in a research report on Monday, September 17th.

Shares of BANF stock opened at $51.75 on Thursday. The firm has a market cap of $1.70 billion, a P/E ratio of 14.83, a PEG ratio of 1.96 and a beta of 0.69. BancFirst has a twelve month low of $50.80 and a twelve month high of $65.70. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.02.



BancFirst (NASDAQ:BANF) last issued its quarterly earnings data on Friday, October 19th. The bank reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.06. The business had revenue of $98.47 million for the quarter, compared to analyst estimates of $96.77 million. BancFirst had a return on equity of 13.90% and a net margin of 27.17%. Equities research analysts expect that BancFirst will post 3.76 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Monday, December 31st will be given a $0.30 dividend. The ex-dividend date of this dividend is Friday, December 28th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.32%. BancFirst’s dividend payout ratio (DPR) is presently 44.12%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sun Life Financial INC bought a new stake in shares of BancFirst in the 2nd quarter valued at about $124,000. Citadel Advisors LLC bought a new stake in shares of BancFirst in the 3rd quarter valued at about $212,000. State Board of Administration of Florida Retirement System bought a new stake in shares of BancFirst in the 2nd quarter valued at about $210,000. Wakefield Asset Management LLLP bought a new stake in shares of BancFirst during the 3rd quarter valued at about $235,000. Finally, Brown Advisory Inc. bought a new stake in shares of BancFirst during the 3rd quarter valued at about $244,000. Hedge funds and other institutional investors own 33.87% of the company’s stock.

BancFirst Company Profile

BancFirst Corporation operates as the bank holding company for BancFirst that provides a range of commercial banking services to retail customers, and small to medium-sized businesses. It operates through Metropolitan Banks, Community Banks, and Other Financial Services segments. The company offers checking accounts, negotiable order of withdrawal accounts, savings accounts, money market accounts, sweep accounts, club accounts, individual retirement accounts, and certificates of deposit, as well as overdraft protection and auto draft services.

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