BancFirst (NASDAQ:BANF) was upgraded by BidaskClub from a "strong sell" rating to a "sell" rating in a note issued to investors on Wednesday, BidAskClub reports.
Separately, Zacks Investment Research downgraded BancFirst from a "buy" rating to a "hold" rating in a research report on Tuesday, July 7th. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company's stock. The stock has a consensus rating of "Hold" and an average target price of $54.50.
BANF opened at $45.87 on Wednesday. The business's 50-day moving average price is $39.86 and its two-hundred day moving average price is $41.98. BancFirst has a 1 year low of $26.00 and a 1 year high of $63.96. The company has a market capitalization of $1.50 billion, a price-to-earnings ratio of 13.57 and a beta of 1.28. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.01 and a quick ratio of 1.01.
BancFirst (NASDAQ:BANF) last released its quarterly earnings results on Thursday, July 16th. The bank reported $0.63 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.48 by $0.15. BancFirst had a return on equity of 11.42% and a net margin of 26.17%. The firm had revenue of $109.29 million for the quarter, compared to the consensus estimate of $108.05 million. Sell-side analysts anticipate that BancFirst will post 3.14 earnings per share for the current fiscal year.
In related news, EVP Dennis L. Brand bought 1,000 shares of the stock in a transaction that occurred on Thursday, May 14th. The shares were acquired at an average price of $30.00 per share, with a total value of $30,000.00. Following the completion of the transaction, the executive vice president now owns 26,000 shares in the company, valued at $780,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 38.34% of the stock is currently owned by insiders.
A number of institutional investors have recently bought and sold shares of the stock. BlackRock Inc. grew its holdings in BancFirst by 8.3% during the first quarter. BlackRock Inc. now owns 1,530,935 shares of the bank's stock worth $51,087,000 after purchasing an additional 117,669 shares during the period. Geode Capital Management LLC grew its holdings in BancFirst by 4.7% during the first quarter. Geode Capital Management LLC now owns 380,023 shares of the bank's stock worth $12,680,000 after purchasing an additional 16,916 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of BancFirst by 2.8% during the first quarter. JPMorgan Chase & Co. now owns 379,196 shares of the bank's stock worth $12,654,000 after acquiring an additional 10,350 shares during the period. Norges Bank bought a new stake in shares of BancFirst during the fourth quarter worth approximately $16,163,000. Finally, Wedge Capital Management L L P NC boosted its holdings in shares of BancFirst by 124.6% during the second quarter. Wedge Capital Management L L P NC now owns 185,751 shares of the bank's stock worth $7,536,000 after acquiring an additional 103,063 shares during the period. Institutional investors and hedge funds own 34.37% of the company's stock.
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. It operates through Metropolitan Banks, Community Banks, and Other Financial Services segments. The company offers checking accounts, negotiable order of withdrawal accounts, savings accounts, money market accounts, sweep accounts, club accounts, individual retirement accounts, and certificates of deposit, as well as overdraft protection and auto draft services.
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20 Stocks Wall Street Analysts Love the Most
Every trading day, between 500 and 800 new recommendations and research reports are issued by sell-side equities research analysts. There are between 300 and 500 brokerages and research houses that issue ratings, price targets and recommendations and more than 5,000 securities around the world that regularly receive coverage from research analysts.
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