BancFirst (NASDAQ:BANF) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

BancFirst (NASDAQ:BANF) had its target price raised by analysts at Keefe, Bruyette & Woods from $123.00 to $132.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a “market perform” rating on the bank’s stock. Keefe, Bruyette & Woods’ target price would indicate a potential downside of 2.44% from the stock’s previous close.

Separately, Wall Street Zen raised BancFirst from a “sell” rating to a “hold” rating in a research report on Monday, May 12th.

BancFirst Stock Performance

NASDAQ BANF opened at $135.30 on Friday. The company has a market cap of $4.50 billion, a P/E ratio of 19.47 and a beta of 0.77. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.00 and a current ratio of 1.00. The business’s 50 day moving average price is $125.53 and its 200-day moving average price is $118.52. BancFirst has a fifty-two week low of $95.78 and a fifty-two week high of $137.40.

BancFirst (NASDAQ:BANF) last released its earnings results on Thursday, July 17th. The bank reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.18. The firm had revenue of $169.30 million for the quarter, compared to the consensus estimate of $163.62 million. BancFirst had a return on equity of 14.38% and a net margin of 24.05%. Sell-side analysts predict that BancFirst will post 6.52 earnings per share for the current year.

Insider Buying and Selling at BancFirst

In other BancFirst news, EVP Randy Foraker sold 4,000 shares of the company’s stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $126.61, for a total value of $506,440.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director F Ford Drummond sold 5,000 shares of the company’s stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $124.12, for a total value of $620,600.00. Following the completion of the transaction, the director directly owned 6,000 shares in the company, valued at $744,720. This trade represents a 45.45% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 32.43% of the company’s stock.

Institutional Investors Weigh In On BancFirst

Hedge funds have recently made changes to their positions in the company. Pinnacle Holdings LLC purchased a new stake in shares of BancFirst in the 1st quarter worth $40,000. Sterling Capital Management LLC lifted its holdings in shares of BancFirst by 779.4% in the 4th quarter. Sterling Capital Management LLC now owns 554 shares of the bank’s stock worth $65,000 after buying an additional 491 shares during the period. Advisors Asset Management Inc. lifted its holdings in shares of BancFirst by 108.6% in the 1st quarter. Advisors Asset Management Inc. now owns 559 shares of the bank’s stock worth $61,000 after buying an additional 291 shares during the period. GAMMA Investing LLC lifted its holdings in shares of BancFirst by 211.2% in the 1st quarter. GAMMA Investing LLC now owns 582 shares of the bank’s stock worth $64,000 after buying an additional 395 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of BancFirst in the 4th quarter worth $135,000. 51.72% of the stock is currently owned by hedge funds and other institutional investors.

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. The company operates through BancFirst Metropolitan Banks, BancFirst Community Banks, Pegasus, Worthington, and Other Financial Services segments.