BancFirst Co. (NASDAQ:BANF – Get Rating) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $93.12 and traded as high as $99.92. BancFirst shares last traded at $99.02, with a volume of 160,626 shares changing hands.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on the company. StockNews.com raised BancFirst from a "sell" rating to a "hold" rating in a report on Monday, July 25th. Piper Sandler increased their price objective on BancFirst to $91.00 in a report on Monday, July 25th.
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BancFirst Stock Up 1.8 %
The firm has a fifty day simple moving average of $104.70 and a 200-day simple moving average of $93.12. The firm has a market cap of $3.24 billion, a price-to-earnings ratio of 20.93 and a beta of 1.06. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.96 and a current ratio of 0.96.
BancFirst (NASDAQ:BANF – Get Rating) last announced its quarterly earnings results on Thursday, July 21st. The bank reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.25. BancFirst had a return on equity of 13.49% and a net
margin of 31.27%. As a group, sell-side analysts expect that BancFirst Co. will post 5.6 EPS for the current year.
BancFirst Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Friday, September 30th will be issued a dividend of $0.40 per share. This is an increase from BancFirst's previous quarterly dividend of $0.36. The ex-dividend date is Thursday, September 29th. This represents a $1.60 annualized dividend and a yield of 1.62%. BancFirst's dividend payout ratio (DPR) is currently 30.44%.
Insider Transactions at BancFirst
In other news, Director Joseph Ford sold 6,952 shares of BancFirst stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $117.00, for a total transaction of $813,384.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Joseph Ford sold 6,952 shares of BancFirst stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $117.00, for a total transaction of $813,384.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director David E. Rainbolt sold 9,388 shares of BancFirst stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $111.33, for a total value of $1,045,166.04. Following the sale, the director now directly owns 25,000 shares of the company's stock, valued at approximately $2,783,250. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 28,840 shares of company stock valued at $3,215,961. 35.70% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the stock. Castle Wealth Management LLC bought a new position in BancFirst in the second quarter valued at about $37,000. Point72 Hong Kong Ltd bought a new position in BancFirst in the fourth quarter valued at about $39,000. Eagle Bay Advisors LLC bought a new position in BancFirst in the second quarter valued at about $39,000. Venture Visionary Partners LLC bought a new position in BancFirst in the second quarter valued at about $44,000. Finally, Wolff Wiese Magana LLC bought a new position in BancFirst in the second quarter valued at about $54,000. Institutional investors own 47.84% of the company's stock.
BancFirst Company Profile
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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.
Further Reading
- Get a free copy of the StockNews.com research report on BancFirst (BANF)
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