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

BancFirst (NASDAQ:BANF) had its target price boosted by analysts at Keefe, Bruyette & Woods from $120.00 to $123.00 in a research note issued on Friday,Benzinga reports. The firm presently has a “market perform” rating on the bank’s stock. Keefe, Bruyette & Woods’ price target indicates a potential upside of 13.40% from the company’s current price.

Several other equities research analysts also recently commented on BANF. Wall Street Zen downgraded shares of BancFirst from a “hold” rating to a “sell” rating in a research report on Saturday, October 25th. Weiss Ratings reiterated a “buy (b)” rating on shares of BancFirst in a research note on Monday, December 22nd. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $129.50.

BancFirst Trading Down 7.6%

Shares of BANF opened at $108.47 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a 50 day simple moving average of $110.51 and a 200-day simple moving average of $119.55. BancFirst has a 1-year low of $97.02 and a 1-year high of $138.77. The stock has a market cap of $3.62 billion, a price-to-earnings ratio of 15.23 and a beta of 0.66.

BancFirst (NASDAQ:BANF) last posted its earnings results on Thursday, January 22nd. The bank reported $1.75 EPS for the quarter, missing the consensus estimate of $1.78 by ($0.03). The firm had revenue of $181.00 million during the quarter, compared to the consensus estimate of $173.76 million. BancFirst had a return on equity of 13.93% and a net margin of 25.13%. Equities analysts forecast that BancFirst will post 6.52 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Norges Bank bought a new position in BancFirst in the second quarter valued at about $32,326,000. American Century Companies Inc. lifted its position in BancFirst by 648.6% during the 2nd quarter. American Century Companies Inc. now owns 164,160 shares of the bank’s stock valued at $20,294,000 after purchasing an additional 142,232 shares during the period. Invesco Ltd. boosted its stake in shares of BancFirst by 73.4% in the 3rd quarter. Invesco Ltd. now owns 163,512 shares of the bank’s stock valued at $20,676,000 after purchasing an additional 69,192 shares during the last quarter. Mutual of America Capital Management LLC increased its holdings in BancFirst by 1,205.2% in the second quarter. Mutual of America Capital Management LLC now owns 37,891 shares of the bank’s stock valued at $4,692,000 after purchasing an additional 34,988 shares during the last quarter. Finally, Raymond James Financial Inc. raised its position in shares of BancFirst by 33.5% in the 3rd quarter. Raymond James Financial Inc. now owns 134,175 shares of the bank’s stock valued at $16,966,000 after acquiring an additional 33,636 shares during the period. 51.72% of the stock is owned by institutional investors.

About BancFirst

BancFirst Corporation is a regional banking holding company based in Oklahoma City, Oklahoma. As the largest state‐chartered bank in Oklahoma, BancFirst offers a comprehensive suite of financial services to individuals, businesses and government entities. Its core business activities include commercial and consumer banking, mortgage lending, treasury management, equipment financing and electronic banking solutions.

The bank operates a network of more than 60 branches across Oklahoma, serving urban centers such as Oklahoma City and Tulsa, as well as rural communities throughout the state.