BancFirst (NASDAQ:BANF) Given "Buy (B-)" Rating at Weiss Ratings

Key Points

• BancFirst's stock has been given a strong "Buy (B-)" rating from Weiss Ratings, indicating positive outlook from analysts.
• The company reported earnings of $1.85 per share, slightly missing analysts' estimates of $1.87 for the quarter, while revenue was above expectations at $175.48 million.
• Insider trading activity includes a director selling 5,000 shares, reducing their ownership in the company by 45.45%.

BancFirst (NASDAQ:BANF - Get Free Report)'s stock had its "buy (b-)" rating reaffirmed by analysts at Weiss Ratings in a research report issued to clients and investors on Friday,Weiss Ratings reports.

A number of other analysts have also recently weighed in on BANF. Zacks Research cut shares of BancFirst from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 16th. DA Davidson increased their price objective on shares of BancFirst from $120.00 to $136.00 and gave the company a "neutral" rating in a research report on Monday, July 21st. Wall Street Zen raised shares of BancFirst from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of BancFirst from $132.00 to $120.00 and set a "market perform" rating for the company in a research report on Monday. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $128.00.

BancFirst Stock Up 1.3%

Shares of NASDAQ:BANF traded up $1.47 during trading on Friday, reaching $112.77. The stock had a trading volume of 68,830 shares, compared to its average volume of 115,749. BancFirst has a one year low of $97.02 and a one year high of $138.77. The company has a market capitalization of $3.76 billion, a P/E ratio of 16.00 and a beta of 0.76. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.05. The firm's 50-day simple moving average is $127.59 and its 200 day simple moving average is $124.06.

BancFirst (NASDAQ:BANF - Get Free Report) last released its quarterly earnings results on Friday, October 17th. The bank reported $1.85 earnings per share for the quarter, missing analysts' consensus estimates of $1.87 by ($0.02). BancFirst had a net margin of 24.94% and a return on equity of 14.19%. The firm had revenue of $175.48 million during the quarter, compared to the consensus estimate of $174.60 million. As a group, research analysts expect that BancFirst will post 6.52 EPS for the current fiscal year.

Insider Transactions at BancFirst

In other BancFirst news, Director F Ford Drummond sold 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $126.29, for a total transaction of $631,450.00. Following the completion of the transaction, the director directly owned 6,000 shares of the company's stock, valued at approximately $757,740. This trade represents a 45.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 32.43% of the company's stock.

Hedge Funds Weigh In On BancFirst

Institutional investors have recently bought and sold shares of the business. Principal Financial Group Inc. raised its position in BancFirst by 3.4% during the 1st quarter. Principal Financial Group Inc. now owns 108,842 shares of the bank's stock worth $11,958,000 after buying an additional 3,594 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of BancFirst by 114.2% during the 1st quarter. Victory Capital Management Inc. now owns 19,518 shares of the bank's stock valued at $2,144,000 after purchasing an additional 10,404 shares in the last quarter. Nuveen LLC purchased a new position in shares of BancFirst during the 1st quarter valued at approximately $6,912,000. GAMMA Investing LLC increased its holdings in shares of BancFirst by 211.2% during the 1st quarter. GAMMA Investing LLC now owns 582 shares of the bank's stock valued at $64,000 after purchasing an additional 395 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in shares of BancFirst by 1.2% during the 1st quarter. Envestnet Asset Management Inc. now owns 29,206 shares of the bank's stock valued at $3,209,000 after purchasing an additional 349 shares in the last quarter. 51.72% of the stock is owned by hedge funds and other institutional investors.

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. The company operates through BancFirst Metropolitan Banks, BancFirst Community Banks, Pegasus, Worthington, and Other Financial Services segments.

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