Zacks: BancFirst Co. (NASDAQ:BANF) Given $60.00 Average Price Target by Brokerages

BancFirst Co. (NASDAQ:BANF) has been assigned an average broker rating score of 3.00 (Hold) from the four analysts that provide coverage for the stock, Zacks Investment Research reports. Four equities research analysts have rated the stock with a hold recommendation.

Brokers have set a 1 year consensus price target of $60.00 for the company and are anticipating that the company will post $1.01 EPS for the current quarter, according to Zacks. Zacks has also given BancFirst an industry rank of 185 out of 256 based on the ratings given to its competitors.

BANF has been the topic of a number of recent analyst reports. Sandler O’Neill initiated coverage on BancFirst in a research note on Wednesday, August 14th. They set a “hold” rating on the stock. BidaskClub lowered shares of BancFirst from a “sell” rating to a “strong sell” rating in a research report on Friday, August 30th. Finally, Zacks Investment Research upgraded shares of BancFirst from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a report on Friday, September 6th.

In other news, EVP Darryl Schmidt sold 4,000 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $55.05, for a total transaction of $220,200.00. Following the transaction, the executive vice president now owns 11,000 shares of the company’s stock, valued at approximately $605,550. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ronald J. Norick purchased 2,000 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were purchased at an average price of $53.00 per share, with a total value of $106,000.00. The disclosure for this purchase can be found here. Company insiders own 38.27% of the company’s stock.

A number of institutional investors have recently made changes to their positions in BANF. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of BancFirst in the 1st quarter worth approximately $34,000. Quantamental Technologies LLC bought a new stake in BancFirst during the 2nd quarter valued at $47,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in BancFirst by 77.7% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,043 shares of the bank’s stock valued at $54,000 after buying an additional 456 shares during the period. Parallel Advisors LLC purchased a new stake in BancFirst during the 2nd quarter valued at $78,000. Finally, Bank of Montreal Can bought a new stake in BancFirst in the 2nd quarter worth $87,000. Institutional investors and hedge funds own 34.25% of the company’s stock.

Shares of BancFirst stock traded up $1.25 during midday trading on Friday, reaching $56.48. 63,833 shares of the company’s stock traded hands, compared to its average volume of 51,324. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.04 and a current ratio of 1.04. BancFirst has a 52 week low of $48.07 and a 52 week high of $63.30. The company’s 50 day simple moving average is $54.97 and its 200 day simple moving average is $55.22. The company has a market cap of $1.84 billion, a price-to-earnings ratio of 14.79, a price-to-earnings-growth ratio of 1.95 and a beta of 0.85.

BancFirst (NASDAQ:BANF) last posted its earnings results on Thursday, July 18th. The bank reported $1.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.09. The firm had revenue of $102.87 million for the quarter, compared to the consensus estimate of $99.79 million. BancFirst had a net margin of 29.12% and a return on equity of 14.34%. As a group, equities research analysts predict that BancFirst will post 3.99 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a dividend of $0.32 per share. This is an increase from BancFirst’s previous quarterly dividend of $0.30. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date is Friday, September 27th. BancFirst’s dividend payout ratio is currently 31.41%.

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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