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

BancFirst (NASDAQ:BANF - Get Free Report) was upgraded by equities researchers at Keefe, Bruyette & Woods to a "hold" rating in a research note issued to investors on Monday, May 26th,Zacks.com reports.

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

BancFirst Price Performance

NASDAQ BANF traded down $1.05 on Monday, hitting $122.67. 23,913 shares of the company were exchanged, compared to its average volume of 104,771. The firm has a 50 day moving average of $116.31 and a two-hundred day moving average of $118.10. The company has a market cap of $4.08 billion, a P/E ratio of 19.05 and a beta of 0.78. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.05. BancFirst has a 1-year low of $81.56 and a 1-year high of $132.29.

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

Insider Buying and Selling at BancFirst

In other BancFirst news, EVP Randy Foraker sold 4,000 shares of the company's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $126.61, for a total transaction of $506,440.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director F Ford Drummond sold 5,000 shares of the company's stock in a transaction dated Wednesday, May 28th. The shares were 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 in the company, valued at approximately $744,720. The trade was a 45.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 32.43% of the company's stock.

Institutional Trading of BancFirst

A number of institutional investors and hedge funds have recently modified their holdings of BANF. Norges Bank bought a new stake in shares of BancFirst in the 4th quarter valued at about $26,649,000. Raymond James Financial Inc. bought a new stake in shares of BancFirst in the 4th quarter valued at about $11,958,000. GAMMA Investing LLC increased its stake in shares of BancFirst by 34,094.7% in the 1st quarter. GAMMA Investing LLC now owns 63,944 shares of the bank's stock valued at $7,026,000 after acquiring an additional 63,757 shares during the last quarter. Nuveen LLC bought a new stake in shares of BancFirst in the 1st quarter valued at about $6,912,000. Finally, Edgestream Partners L.P. bought a new stake in shares of BancFirst in the 1st quarter valued at about $6,635,000. 51.72% of the stock is owned by institutional investors.

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.