BancFirst's (BANF) Neutral Rating Reiterated at DA Davidson

Key Points

• DA Davidson reiterated a Neutral rating on BancFirst with a $125 price target, implying about a 17% upside; analysts' consensus is a Hold with an average target near $124.
• Shares fell 1.9% to $106.78 and are trading below both the 50‑day ($112.42) and 200‑day ($116.85) moving averages; the stock has a market cap of $3.58B and a P/E of 15.00.
• BancFirst reported quarterly EPS of $1.75 (a $0.03 miss) with revenue above estimates, and institutional investors (51.72% ownership) including State Street have recently increased positions.

BancFirst (NASDAQ:BANF - Get Free Report)'s stock had its "neutral" rating reaffirmed by investment analysts at DA Davidson in a report issued on Monday,Benzinga reports. They currently have a $125.00 price target on the bank's stock. DA Davidson's price target suggests a potential upside of 17.06% from the company's previous close.

Several other brokerages also recently weighed in on BANF. Keefe, Bruyette & Woods lifted their price objective on shares of BancFirst from $120.00 to $123.00 and gave the company a "market perform" rating in a research report on Friday, January 23rd. Weiss Ratings reiterated a "buy (b)" rating on shares of BancFirst in a research report on Monday, December 22nd. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, BancFirst presently has a consensus rating of "Hold" and an average target price of $124.00.

BancFirst Stock Down 1.9%

Shares of BancFirst stock traded down $2.05 during trading on Monday, reaching $106.78. The company had a trading volume of 75,589 shares, compared to its average volume of 120,576. BancFirst has a fifty-two week low of $97.02 and a fifty-two week high of $138.77. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market cap of $3.58 billion, a price-to-earnings ratio of 15.00 and a beta of 0.65. The firm's fifty day moving average is $112.42 and its 200-day moving average is $116.85.

BancFirst (NASDAQ:BANF - Get Free Report) last posted its earnings results on Thursday, January 22nd. The bank reported $1.75 EPS for the quarter, missing the consensus estimate of $1.78 by ($0.03). The company had revenue of $181.00 million for the quarter, compared to the consensus estimate of $173.76 million. BancFirst had a net margin of 25.05% and a return on equity of 13.68%. On average, analysts anticipate that BancFirst will post 6.52 EPS for the current year.

Hedge Funds Weigh In On BancFirst

A number of large investors have recently made changes to their positions in BANF. State Street Corp increased its holdings in shares of BancFirst by 7.6% in the fourth quarter. State Street Corp now owns 1,375,873 shares of the bank's stock worth $146,537,000 after buying an additional 96,957 shares during the period. BancFirst Trust & Investment Management increased its stake in shares of BancFirst by 0.8% in the third quarter. BancFirst Trust & Investment Management now owns 886,571 shares of the bank's stock worth $113,224,000 after buying an additional 7,056 shares during the period. Geode Capital Management LLC raised its holdings in BancFirst by 0.6% during the 2nd quarter. Geode Capital Management LLC now owns 501,163 shares of the bank's stock valued at $61,962,000 after buying an additional 2,759 shares during the last quarter. Norges Bank purchased a new stake in BancFirst during the 2nd quarter valued at $32,326,000. Finally, Verition Fund Management LLC grew its holdings in BancFirst by 30.8% in the 4th quarter. Verition Fund Management LLC now owns 168,591 shares of the bank's stock worth $17,874,000 after acquiring an additional 39,672 shares during the last quarter. 51.72% of the stock is owned by institutional investors.

About BancFirst

BancFirst Corporation is a regional banking holding company based in Oklahoma City, Oklahoma. As the largest state‐chartered bank in Oklahoma, BancFirst offers a comprehensive suite of financial services to individuals, businesses and government entities. Its core business activities include commercial and consumer banking, mortgage lending, treasury management, equipment financing and electronic banking solutions.

The bank operates a network of more than 60 branches across Oklahoma, serving urban centers such as Oklahoma City and Tulsa, as well as rural communities throughout the state.

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