BancFirst (NASDAQ:BANF) Stock Rating Upgraded by Keefe, Bruyette & Woods

BancFirst (NASDAQ:BANF - Get Free Report) was upgraded by Keefe, Bruyette & Woods to a "hold" rating in a research report issued on Monday,Zacks.com reports.

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

BancFirst Stock Down 0.4%

Shares of NASDAQ BANF traded down $0.46 during mid-day trading on Monday, hitting $123.58. The company had a trading volume of 110,118 shares, compared to its average volume of 105,081. The company has a market capitalization of $4.11 billion, a PE ratio of 19.19 and a beta of 0.78. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.98 and a quick ratio of 0.98. BancFirst has a 1-year low of $81.56 and a 1-year high of $132.29. The business's 50-day simple moving average is $116.31 and its 200 day simple moving average is $118.13.

BancFirst (NASDAQ:BANF - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The bank reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.09. BancFirst had a return on equity of 14.21% and a net margin of 23.52%. The business had revenue of $164.84 million for the quarter, compared to analysts' expectations of $161.72 million. On average, analysts predict that BancFirst will post 6.52 earnings per share for the current year.

Insiders Place Their Bets

In other BancFirst news, Director F Ford Drummond sold 5,000 shares of the firm's stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $124.12, for a total transaction of $620,600.00. Following the transaction, the director now owns 6,000 shares of the company's stock, valued at approximately $744,720. This trade represents a 45.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Randy Foraker sold 4,000 shares of the firm's stock in a transaction dated 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. Corporate insiders own 32.43% of the company's stock.

Hedge Funds Weigh In On BancFirst

Several institutional investors have recently added to or reduced their stakes in the stock. Rhumbline Advisers increased its position in BancFirst by 16.1% in the 1st quarter. Rhumbline Advisers now owns 72,677 shares of the bank's stock valued at $7,985,000 after acquiring an additional 10,088 shares during the period. Jane Street Group LLC acquired a new position in BancFirst in the 1st quarter valued at about $3,646,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in BancFirst by 8.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 46,396 shares of the bank's stock valued at $5,098,000 after acquiring an additional 3,433 shares during the period. Jones Financial Companies Lllp increased its position in BancFirst by 6,109.9% in the 1st quarter. Jones Financial Companies Lllp now owns 13,848 shares of the bank's stock valued at $1,521,000 after acquiring an additional 13,625 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in BancFirst by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,844 shares of the bank's stock valued at $1,301,000 after acquiring an additional 505 shares during the period. Institutional investors and hedge funds 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.