BancFirst (NASDAQ:BANF) Rating Increased to Hold at StockNews.com

BancFirst (NASDAQ:BANF) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a report released on Monday.

BancFirst Stock Up 0.8%

Shares of NASDAQ BANF opened at $128.43 on Monday. The firm has a market capitalization of $4.27 billion, a PE ratio of 19.94 and a beta of 0.78. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.05. BancFirst has a 1 year low of $81.56 and a 1 year high of $132.29. The firm’s 50-day moving average is $112.28 and its 200-day moving average is $117.27.

BancFirst (NASDAQ:BANF) last issued its earnings results on Thursday, April 17th. The bank reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.09. The company had revenue of $164.84 million for the quarter, compared to analyst estimates of $161.72 million. BancFirst had a net margin of 23.52% and a return on equity of 14.21%. Equities analysts expect that BancFirst will post 6.52 EPS for the current year.

Insider Buying and Selling

In related news, Director William Scott Martin sold 10,000 shares of BancFirst stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $119.13, for a total transaction of $1,191,300.00. Following the transaction, the director now owns 214,499 shares of the company’s stock, valued at $25,553,265.87. This trade represents a 4.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 32.43% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of BANF. AlphaQuest LLC lifted its stake in BancFirst by 11.5% in the fourth quarter. AlphaQuest LLC now owns 862 shares of the bank’s stock valued at $101,000 after buying an additional 89 shares in the last quarter. SummerHaven Investment Management LLC lifted its stake in BancFirst by 1.4% in the first quarter. SummerHaven Investment Management LLC now owns 8,839 shares of the bank’s stock valued at $971,000 after buying an additional 121 shares in the last quarter. Summit Investment Advisors Inc. lifted its stake in BancFirst by 6.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 2,085 shares of the bank’s stock valued at $244,000 after buying an additional 133 shares in the last quarter. Capstone Triton Financial Group LLC lifted its stake in BancFirst by 1.1% in the fourth quarter. Capstone Triton Financial Group LLC now owns 13,403 shares of the bank’s stock valued at $1,571,000 after buying an additional 145 shares in the last quarter. Finally, Stifel Financial Corp lifted its stake in BancFirst by 0.4% in the fourth quarter. Stifel Financial Corp now owns 38,005 shares of the bank’s stock valued at $4,453,000 after buying an additional 155 shares in the last quarter. Institutional investors own 51.72% of the company’s stock.

About BancFirst

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. The company operates through BancFirst Metropolitan Banks, BancFirst Community Banks, Pegasus, Worthington, and Other Financial Services segments.