Sandler O’Neill Initiates Coverage on BancFirst (NASDAQ:BANF)

Sandler O’Neill initiated coverage on shares of BancFirst (NASDAQ:BANF) in a report released on Wednesday morning, BenzingaRatingsTable reports. The brokerage issued a hold rating on the bank’s stock.

A number of other analysts have also commented on BANF. BidaskClub lowered shares of BancFirst from a hold rating to a sell rating in a research note on Monday, June 24th. Zacks Investment Research raised shares of BancFirst from a hold rating to a buy rating and set a $62.00 price objective for the company in a research note on Tuesday, July 9th.

BANF stock opened at $53.79 on Wednesday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.03. BancFirst has a one year low of $48.07 and a one year high of $65.25. The firm has a market capitalization of $1.73 billion, a PE ratio of 13.44, a P/E/G ratio of 1.90 and a beta of 0.83. The firm has a 50-day moving average of $56.27 and a two-hundred day moving average of $55.49.

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

In other BancFirst news, Director Ronald J. Norick bought 2,000 shares of the company’s stock in a transaction dated Tuesday, May 28th. The shares were bought at an average price of $53.74 per share, for a total transaction of $107,480.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 38.27% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of BANF. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of BancFirst in the 1st quarter valued at about $34,000. Quantamental Technologies LLC acquired a new position in shares of BancFirst in the 2nd quarter valued at about $47,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings 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 purchasing an additional 456 shares during the period. Parallel Advisors LLC acquired a new position in shares of BancFirst in the 2nd quarter valued at about $78,000. Finally, Bank of Montreal Can acquired a new position in shares of BancFirst in the 2nd quarter valued at about $87,000. Institutional investors own 34.05% 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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