In a report released today, Nathan Race from Piper Sandler maintained a Sell rating on BancFirst (BANF – Research Report), with a price target of $73.00. The company’s shares closed yesterday at $103.34.
Race covers the Financial sector, focusing on stocks such as BancFirst, First Savings Financial Group, and First Internet Bancorp. According to TipRanks, Race has an average return of 5.7% and a 45.28% success rate on recommended stocks.
BancFirst has an analyst consensus of Moderate Sell, with a price target consensus of $84.00.
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Based on BancFirst’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $156.98 million and a net profit of $57.53 million. In comparison, last year the company earned a revenue of $117.36 million and had a net profit of $35.92 million
Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BANF in relation to earlier this year. Last month, Smith Robin Noel, the Director of BANF sold 5,000.00 shares for a total of $471,450.00.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
BancFirst Corp. is a bank holding company, which provides retail and commercial banking services. Its services include: commercial, real estate, agricultural and consumer lending; depository and funds transfer services; collections; safe deposit boxes; cash management services; retail brokerage services; and other services tailored for both individual and corporate customers. It operates through the following business segments: Metropolitan Banks, Community Banks, Other Financial Services, and Executive, Operations and Support. The Metropolitan Banks segment consists of banking locations in the metropolitan Oklahoma City and Tulsa areas. The Community Banks segment consists of banking locations in communities throughout Oklahoma. The Other Financial Services segment refers to specialty product business units including guaranteed small business lending, residential mortgage lending, trust services, securities brokerage, electronic banking, and insurance. The Executive, Operations, and Support segment represents executive management, operational support, and corporate functions that are not allocated to the other business units. The company was founded in July 1984 and is headquartered in Oklahoma City, OK.
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