BancFirst (NASDAQ:BANF) Share Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• BancFirst's stock price has recently surpassed its 200-day moving average of $122.33, trading at $130.40 with a volume of 90,220 shares.
• Analysts have given BancFirst an average rating of "Hold" and set a consensus target price of $134.00, with some recent upgrades from various institutions.
• The company has announced an increase in its quarterly dividend from $0.46 to $0.49, with an annualized yield of 1.5% and a payout ratio of 26.47%.

BancFirst Corporation (NASDAQ:BANF - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $122.33 and traded as high as $131.08. BancFirst shares last traded at $130.40, with a volume of 90,220 shares traded.

Analysts Set New Price Targets

BANF has been the topic of several recent research reports. Wall Street Zen upgraded shares of BancFirst from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. DA Davidson lifted their price target on shares of BancFirst from $120.00 to $136.00 and gave the company a "neutral" rating in a research note on Monday, July 21st. Keefe, Bruyette & Woods lifted their price target on shares of BancFirst from $123.00 to $132.00 and gave the company a "market perform" rating in a research note on Friday, July 18th. Finally, Zacks Research lowered shares of BancFirst from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 16th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $134.00.

BancFirst Trading Down 0.5%

The business's 50-day moving average price is $129.20 and its 200 day moving average price is $122.33. The company has a market cap of $4.34 billion, a P/E ratio of 18.76 and a beta of 0.79. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.01 and a current ratio of 1.01.

BancFirst (NASDAQ:BANF - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The bank reported $1.85 EPS for the quarter, beating analysts' consensus estimates of $1.67 by $0.18. BancFirst had a net margin of 24.94% and a return on equity of 14.16%. The company had revenue of $169.30 million during the quarter, compared to the consensus estimate of $163.62 million. As a group, analysts expect that BancFirst Corporation will post 6.52 earnings per share for the current year.

BancFirst Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be given a $0.49 dividend. This is a boost from BancFirst's previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.5%. BancFirst's payout ratio is 26.47%.

Insider Activity at BancFirst

In related news, Director F Ford Drummond sold 5,000 shares of BancFirst stock in a transaction dated 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 sale, the director owned 6,000 shares of the company's stock, valued at approximately $757,740. The trade was a 45.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 32.43% of the company's stock.

Institutional Trading of BancFirst

Hedge funds and other institutional investors have recently modified their holdings of the stock. Nisa Investment Advisors LLC boosted its holdings in shares of BancFirst by 548.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 201 shares of the bank's stock worth $25,000 after buying an additional 170 shares during the period. Pinnacle Holdings LLC bought a new stake in BancFirst in the 1st quarter valued at about $40,000. EverSource Wealth Advisors LLC boosted its holdings in BancFirst by 957.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 402 shares of the bank's stock valued at $50,000 after purchasing an additional 364 shares during the period. Advisors Asset Management Inc. boosted its holdings in BancFirst by 108.6% in the 1st quarter. Advisors Asset Management Inc. now owns 559 shares of the bank's stock valued at $61,000 after purchasing an additional 291 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in BancFirst by 211.2% in 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 during the period. Institutional investors own 51.72% 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. The company operates through BancFirst Metropolitan Banks, BancFirst Community Banks, Pegasus, Worthington, and Other Financial Services segments.

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