BancFirst (NASDAQ:BANF) Price Target Raised to $132.00 at Keefe, Bruyette & Woods

BancFirst (NASDAQ:BANF - Free Report) had its target price raised by Keefe, Bruyette & Woods from $123.00 to $132.00 in a research note issued to investors on Friday morning,Benzinga reports. They currently have a market perform rating on the bank's stock.

Separately, Wall Street Zen raised BancFirst from a "sell" rating to a "hold" rating in a research report on Monday, May 12th.

BancFirst Trading Down 1.6%

BANF traded down $2.14 during midday trading on Friday, hitting $133.16. 200,352 shares of the company were exchanged, compared to its average volume of 112,314. The firm has a market capitalization of $4.43 billion, a P/E ratio of 19.16 and a beta of 0.77. BancFirst has a 1-year low of $95.78 and a 1-year high of $137.40. The firm's 50 day moving average price is $125.53 and its 200-day moving average price is $118.54. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.05.

BancFirst (NASDAQ:BANF - Get Free Report) last announced its earnings results on Thursday, July 17th. The bank reported $1.85 EPS for the quarter, topping the consensus estimate of $1.67 by $0.18. BancFirst had a return on equity of 14.38% and a net margin of 24.05%. The firm had revenue of $169.30 million for the quarter, compared to the consensus estimate of $163.62 million. As a group, equities analysts forecast that BancFirst will post 6.52 EPS for the current fiscal year.

BancFirst Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend was Monday, June 30th. BancFirst's payout ratio is 26.47%.

Insider Transactions at BancFirst

In other BancFirst news, Director F Ford Drummond sold 5,000 shares of the business's stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $124.12, for a total transaction of $620,600.00. Following the completion of the sale, the director directly owned 6,000 shares of the company's stock, valued at approximately $744,720. The trade was a 45.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Randy Foraker sold 4,000 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $126.61, for a total value of $506,440.00. The disclosure for this sale can be found here. Insiders own 32.43% of the company's stock.

Hedge Funds Weigh In On BancFirst

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of BancFirst by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 2,306,204 shares of the bank's stock worth $270,241,000 after buying an additional 44,563 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of BancFirst by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 484,883 shares of the bank's stock worth $56,832,000 after buying an additional 2,098 shares during the last quarter. Norges Bank purchased a new position in shares of BancFirst in the 4th quarter worth approximately $26,649,000. JPMorgan Chase & Co. boosted its stake in shares of BancFirst by 35.8% in the 4th quarter. JPMorgan Chase & Co. now owns 175,457 shares of the bank's stock worth $20,560,000 after buying an additional 46,253 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in shares of BancFirst by 65.7% in the 4th quarter. Invesco Ltd. now owns 109,342 shares of the bank's stock worth $12,813,000 after buying an additional 43,336 shares during the last quarter. Hedge funds and other institutional investors own 51.72% of the company's stock.

About BancFirst

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.