Zacks: BancFirst Co. (NASDAQ:BANF) Given Average Rating of “Hold” by Analysts

BancFirst Co. (NASDAQ:BANF) has received an average broker rating score of 3.00 (Hold) from the three brokers that cover the company, Zacks Investment Research reports. Three equities research analysts have rated the stock with a hold recommendation.

Brokers have set a one year consensus price objective of $61.00 for the company and are expecting that the company will post $1.00 EPS for the current quarter, according to Zacks. Zacks has also assigned BancFirst an industry rank of 181 out of 256 based on the ratings given to related companies.

BANF has been the subject of a number of analyst reports. Sandler O’Neill initiated coverage on BancFirst in a report on Wednesday. They set a “hold” rating for the company. Zacks Investment Research upgraded BancFirst from a “hold” rating to a “buy” rating and set a $62.00 target price for the company in a report on Tuesday, July 9th. Finally, BidaskClub lowered BancFirst from a “hold” rating to a “sell” rating in a report on Monday, June 24th.

In other BancFirst news, Director Ronald J. Norick acquired 2,000 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The stock was purchased at an average price of $53.74 per share, for a total transaction of $107,480.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 38.27% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Parametric Portfolio Associates LLC lifted its holdings in shares of BancFirst by 1.0% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 28,313 shares of the bank’s stock valued at $1,576,000 after purchasing an additional 279 shares during the last quarter. Virginia Retirement Systems ET AL increased its position in shares of BancFirst by 3.6% in the 1st quarter. Virginia Retirement Systems ET AL now owns 8,600 shares of the bank’s stock valued at $448,000 after acquiring an additional 300 shares during the period. Legal & General Group Plc increased its position in shares of BancFirst by 5.3% in the 4th quarter. Legal & General Group Plc now owns 7,011 shares of the bank’s stock valued at $350,000 after acquiring an additional 353 shares during the period. Burney Co. increased its position in shares of BancFirst by 7.6% in the 1st quarter. Burney Co. now owns 5,677 shares of the bank’s stock valued at $296,000 after acquiring an additional 402 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of BancFirst by 77.7% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,043 shares of the bank’s stock valued at $54,000 after acquiring an additional 456 shares during the period. Hedge funds and other institutional investors own 34.05% of the company’s stock.

BancFirst stock traded down $1.64 during mid-day trading on Wednesday, reaching $53.64. 1,929 shares of the company were exchanged, compared to its average volume of 52,111. The firm’s fifty day moving average is $56.37. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a market cap of $1.80 billion, a price-to-earnings ratio of 14.11, a P/E/G ratio of 1.98 and a beta of 0.83. BancFirst has a 12-month low of $48.07 and a 12-month high of $65.25.

BancFirst (NASDAQ:BANF) last posted its earnings results on Thursday, July 18th. The bank reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.09. The company had revenue of $102.87 million during the quarter, compared to analyst estimates of $99.79 million. BancFirst had a return on equity of 14.34% and a net margin of 29.12%. As a group, equities research analysts predict that BancFirst will post 3.99 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were issued a dividend of $0.30 per share. The ex-dividend date was Thursday, June 27th. This represents a $1.20 annualized dividend and a dividend yield of 2.24%. BancFirst’s dividend payout ratio is presently 31.41%.

About BancFirst

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.

Further Reading: Sell-Side Analysts

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