BancFirst Co. (NASDAQ:BANF) Short Interest Update

BancFirst Co. (NASDAQ:BANF) was the target of a large growth in short interest in July. As of July 31st, there was short interest totalling 372,300 shares, a growth of 8.5% from the June 30th total of 343,000 shares. Approximately 2.3% of the company’s shares are short sold. Based on an average trading volume of 64,700 shares, the short-interest ratio is presently 5.8 days.

Shares of NASDAQ BANF traded down $0.41 during midday trading on Wednesday, reaching $54.87. 186 shares of the company’s stock traded hands, compared to its average volume of 52,111. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.04 and a current ratio of 1.04. The stock’s 50 day moving average is $56.37. BancFirst has a one year low of $48.07 and a one year high of $65.25. The stock has a market cap of $1.80 billion, a P/E ratio of 14.19, a price-to-earnings-growth ratio of 1.98 and a beta of 0.83.

BancFirst (NASDAQ:BANF) last released its quarterly earnings data on Thursday, July 18th. The bank reported $1.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.09. BancFirst had a net margin of 29.12% and a return on equity of 14.34%. The firm had revenue of $102.87 million for the quarter, compared to the consensus estimate of $99.79 million. Equities analysts predict that BancFirst will post 3.99 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.19%. BancFirst’s dividend payout ratio is presently 31.41%.

A number of equities analysts have commented on BANF shares. Sandler O’Neill started coverage on shares of BancFirst in a research note on Wednesday. They issued a “hold” rating on the stock. BidaskClub downgraded shares of BancFirst from a “hold” rating to a “sell” rating in a research note on Monday, June 24th. Finally, Zacks Investment Research upgraded shares of BancFirst from a “hold” rating to a “buy” rating and set a $62.00 price objective on the stock in a research note on Tuesday, July 9th.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of BancFirst during the first quarter valued at approximately $34,000. Quantamental Technologies LLC bought a new position in shares of BancFirst during the second quarter valued at approximately $47,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of BancFirst by 77.7% during the first 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 in the last quarter. Parallel Advisors LLC bought a new position in shares of BancFirst during the second quarter valued at approximately $78,000. Finally, Bank of Montreal Can bought a new position in shares of BancFirst during the second quarter valued at approximately $87,000. Hedge funds and other 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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