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

DA Davidson reaffirmed their neutral rating on shares of BancFirst (NASDAQ:BANF) in a research report report published on Monday morning,Benzinga reports. DA Davidson currently has a $125.00 price target on the bank’s stock.

Several other research analysts have also recently commented on the stock. Keefe, Bruyette & Woods raised their target price on shares of BancFirst from $120.00 to $123.00 and gave the stock a “market perform” rating in a report on Friday, January 23rd. 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $124.00.

BancFirst Trading Down 0.1%

BANF stock opened at $108.71 on Monday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.03 and a current ratio of 1.03. The company’s 50-day simple moving average is $112.43 and its 200 day simple moving average is $116.73. BancFirst has a 52 week low of $97.02 and a 52 week high of $138.77. The company has a market capitalization of $3.65 billion, a PE ratio of 15.27 and a beta of 0.65.

BancFirst (NASDAQ:BANF) last issued its quarterly earnings data on Thursday, January 22nd. The bank reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.78 by ($0.03). The business had revenue of $181.00 million during the quarter, compared to analyst estimates of $173.76 million. BancFirst had a return on equity of 13.68% and a net margin of 25.05%. As a group, sell-side analysts anticipate that BancFirst will post 6.52 earnings per share for the current year.

BancFirst Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a $0.49 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $1.96 dividend on an annualized basis and a yield of 1.8%. BancFirst’s dividend payout ratio (DPR) is currently 27.53%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. State Street Corp lifted its stake in shares of BancFirst by 7.6% in the 4th quarter. State Street Corp now owns 1,375,873 shares of the bank’s stock valued at $146,537,000 after acquiring an additional 96,957 shares during the last quarter. BancFirst Trust & Investment Management raised its position in BancFirst by 0.8% in the third quarter. BancFirst Trust & Investment Management now owns 886,571 shares of the bank’s stock valued at $113,224,000 after purchasing an additional 7,056 shares during the last quarter. Geode Capital Management LLC raised its position in BancFirst by 0.6% in the second quarter. Geode Capital Management LLC now owns 501,163 shares of the bank’s stock valued at $61,962,000 after purchasing an additional 2,759 shares during the last quarter. Norges Bank acquired a new stake in shares of BancFirst during the second quarter valued at about $32,326,000. Finally, Verition Fund Management LLC grew its holdings in shares of BancFirst by 30.8% during the fourth quarter. Verition Fund Management LLC now owns 168,591 shares of the bank’s stock worth $17,874,000 after purchasing an additional 39,672 shares during the last quarter. 51.72% of the stock is currently owned by institutional investors and hedge funds.

BancFirst Company Profile

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.