BancFirst’s (BANF) Neutral Rating Reaffirmed at DA Davidson

DA Davidson restated their neutral rating on shares of BancFirst (NASDAQ:BANF) in a research report released on Monday,Benzinga reports. They currently have a $125.00 price objective on the bank’s stock.

BANF has been the subject of several other research reports. Keefe, Bruyette & Woods upped their price target on BancFirst from $120.00 to $123.00 and gave the company a “market perform” rating in a report on Friday, January 23rd. Weiss Ratings upgraded BancFirst from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, BancFirst presently has an average rating of “Hold” and an average target price of $124.00.

BancFirst Price Performance

Shares of NASDAQ:BANF opened at $115.20 on Monday. The company has a market cap of $3.87 billion, a price-to-earnings ratio of 15.78 and a beta of 0.61. The business has a 50 day moving average price of $111.32 and a 200 day moving average price of $111.99. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.05. BancFirst has a twelve month low of $101.48 and a twelve month high of $138.77.

BancFirst (NASDAQ:BANF) last posted its quarterly earnings data on Thursday, April 16th. The bank reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.08. BancFirst had a return on equity of 13.84% and a net margin of 31.71%.The company had revenue of $179.00 million during the quarter, compared to analysts’ expectations of $177.19 million. During the same period in the prior year, the business earned $1.66 earnings per share. Research analysts predict that BancFirst will post 7.33 earnings per share for the current year.

BancFirst Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were issued a $0.49 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.7%. BancFirst’s dividend payout ratio is presently 26.85%.

Institutional Trading of BancFirst

Institutional investors have recently bought and sold shares of the stock. Quarry LP raised its stake in BancFirst by 531.4% during the third quarter. Quarry LP now owns 221 shares of the bank’s stock worth $28,000 after acquiring an additional 186 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new stake in shares of BancFirst in the 3rd quarter valued at $35,000. Allworth Financial LP boosted its stake in shares of BancFirst by 47.5% in the 3rd quarter. Allworth Financial LP now owns 295 shares of the bank’s stock valued at $37,000 after purchasing an additional 95 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of BancFirst by 55.0% in the 3rd quarter. Smartleaf Asset Management LLC now owns 341 shares of the bank’s stock worth $44,000 after purchasing an additional 121 shares during the last quarter. Finally, Pinnacle Holdings LLC acquired a new stake in shares of BancFirst during the 3rd quarter worth about $46,000. Institutional investors and hedge funds own 51.72% of the company’s stock.

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.