BancFirst - BANF Stock Forecast, Price & News

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, Pegasus Bank, 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. It also provides commercial, financial, and other loans for working capital, facilities acquisition or expansion, purchase of equipment, and other needs; lending services that include private banking, energy, commercial and residential real estate, and commercial and industrial loans; and loans to finance purchases of consumer goods, such as automobiles, boats, household goods, vacations, and education. In addition, the company engages in the investment management and administration of trusts for individuals, corporations, and employee benefit plans, as well as bond trustee and paying agent business for various Oklahoma municipalities and governmental entities; and provision of item processing, research, and other correspondent banking services. Further, it is involved in real estate investment and insurance agency services; and providing funds transfer, collection, safe deposit box, cash management, and other services. The company serves customers in non-metropolitan trade centers and cities in the metropolitan statistical areas of Oklahoma. It operates through 108 banking locations in Oklahoma and 3 banking locations in Dallas, Texas. The company was formerly known as United Community Corporation and changed its name to BancFirst Corporation in November 1988. BancFirst Corporation was incorporated in 1984 and is headquartered in Oklahoma City, Oklahoma.

Wall Street Analyst Weigh In

BANF has been the topic of a number of recent analyst reports. Piper Sandler increased their price target on BancFirst to $91.00 in a research report on Monday, July 25th. StockNews.com upgraded BancFirst from a "sell" rating to a "hold" rating in a research report on Monday, July 25th.

BancFirst Stock Performance

BANF traded down $0.27 on Wednesday, hitting $113.17. 1,029 shares of the company's stock were exchanged, compared to its average volume of 143,271. The stock has a fifty day moving average of $97.62 and a two-hundred day moving average of $86.85. BancFirst has a twelve month low of $53.77 and a twelve month high of $113.87. The firm has a market cap of $3.70 billion, a PE ratio of 23.98 and a beta of 1.08. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.07.

BancFirst (NASDAQ:BANF - Get Rating) last posted its quarterly earnings data on Thursday, July 21st. The bank reported $1.34 EPS for the quarter, topping analysts' consensus estimates of $1.09 by $0.25. BancFirst had a net margin of 38.21% and a return on equity of 13.56%. On average, research analysts anticipate that BancFirst will post 5.56 earnings per share for the current fiscal year.

BancFirst Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Thursday, June 30th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend was Wednesday, June 29th. BancFirst's payout ratio is presently 30.44%.

Insider Activity

In other news, Director C L. Craig, Jr. sold 4,800 shares of the stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $110.53, for a total value of $530,544.00. Following the transaction, the director now directly owns 43,072 shares of the company's stock, valued at $4,760,748.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Kevin Lawrence sold 2,000 shares of the company's stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of $95.35, for a total transaction of $190,700.00. Following the completion of the transaction, the executive vice president now owns 10,000 shares in the company, valued at $953,500. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director C L. Craig, Jr. sold 4,800 shares of the firm's stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $110.53, for a total value of $530,544.00. Following the completion of the transaction, the director now directly owns 43,072 shares in the company, valued at $4,760,748.16. The disclosure for this sale can be found here. Insiders sold 180,977 shares of company stock worth $15,703,894 over the last quarter. 35.70% of the stock is currently owned by company insiders.