BancFirst's (BANF) "Buy (B-)" Rating Reaffirmed at Weiss Ratings

Key Points

• BancFirst's stock rating was reaffirmed as "Buy (B-)" by Weiss Ratings, indicating positive analyst sentiment towards the bank.
• DA Davidson raised BancFirst's price target from $120.00 to $136.00, while Zacks Research downgraded it from "strong-buy" to "hold," reflecting mixed analyst views on its performance.
• The bank reported $1.85 earnings per share for the last quarter, surpassing analysts' expectations, with revenue reaching $169.3 million.

BancFirst (NASDAQ:BANF - Get Free Report)'s stock had its "buy (b-)" rating reaffirmed by equities researchers at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Other research analysts also recently issued research reports about the stock. DA Davidson raised their price target on shares of BancFirst from $120.00 to $136.00 and gave the company a "neutral" rating in a report on Monday, July 21st. Zacks Research lowered shares of BancFirst from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 16th. Keefe, Bruyette & Woods boosted their target price on shares of BancFirst from $123.00 to $132.00 and gave the stock a "market perform" rating in a research report on Friday, July 18th. Finally, Wall Street Zen raised shares of BancFirst from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $134.00.

BancFirst Stock Down 0.8%

Shares of BancFirst stock traded down $0.99 during midday trading on Wednesday, reaching $125.11. 66,962 shares of the company's stock traded hands, compared to its average volume of 115,962. The company has a market cap of $4.17 billion, a price-to-earnings ratio of 18.00 and a beta of 0.76. The company's 50 day simple moving average is $128.79 and its 200 day simple moving average is $123.35. 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 has a 52 week low of $97.02 and a 52 week high of $138.77.

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

Insiders Place Their Bets

In other news, Director F Ford Drummond sold 5,000 shares of the company'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 transaction, the director directly owned 6,000 shares in the company, valued at approximately $757,740. This represents a 45.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 32.43% of the company's stock.

Hedge Funds Weigh In On BancFirst

A number of large investors have recently modified their holdings of BANF. Nisa Investment Advisors LLC lifted its position in shares of BancFirst by 548.4% during the second quarter. Nisa Investment Advisors LLC now owns 201 shares of the bank's stock worth $25,000 after purchasing an additional 170 shares in the last quarter. Pinnacle Holdings LLC acquired a new position in BancFirst in the first quarter valued at approximately $40,000. EverSource Wealth Advisors LLC lifted its holdings in BancFirst by 957.9% in the second quarter. EverSource Wealth Advisors LLC now owns 402 shares of the bank's stock valued at $50,000 after buying an additional 364 shares during the period. Advisors Asset Management Inc. lifted its holdings in BancFirst by 108.6% in the first quarter. Advisors Asset Management Inc. now owns 559 shares of the bank's stock valued at $61,000 after buying an additional 291 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in BancFirst by 211.2% in the first quarter. GAMMA Investing LLC now owns 582 shares of the bank's stock valued at $64,000 after buying an additional 395 shares during the period. 51.72% of the stock is currently owned by institutional investors and hedge funds.

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.

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