BancFirst Co. (NASDAQ:BANF – Get Free Report) Director Leslie Jeannine Rainbolt sold 10,371 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $105.02, for a total value of $1,089,162.42. Following the sale, the director now owns 4,944,702 shares in the company, valued at approximately $519,292,604.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
BancFirst Stock Performance
BANF opened at $104.72 on Monday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.06. BancFirst Co. has a 12-month low of $79.99 and a 12-month high of $110.79. The business has a 50 day moving average of $101.72 and a 200-day moving average of $92.12. The stock has a market cap of $3.45 billion, a price-to-earnings ratio of 17.11 and a beta of 1.03.
BancFirst (NASDAQ:BANF – Get Free Report) last released its quarterly earnings data on Thursday, July 18th. The bank reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.09. The firm had revenue of $153.84 million during the quarter, compared to analysts’ expectations of $149.75 million. BancFirst had a net margin of 23.46% and a return on equity of 13.89%. On average, equities research analysts expect that BancFirst Co. will post 6.07 earnings per share for the current year.
BancFirst Increases Dividend
Institutional Investors Weigh In On BancFirst
Institutional investors have recently made changes to their positions in the company. Sanctuary Advisors LLC acquired a new stake in BancFirst during the 2nd quarter worth approximately $277,000. Point72 Asset Management L.P. acquired a new stake in shares of BancFirst during the second quarter worth $114,000. Creative Planning boosted its position in shares of BancFirst by 47.8% in the second quarter. Creative Planning now owns 9,210 shares of the bank’s stock valued at $808,000 after acquiring an additional 2,979 shares during the period. Algert Global LLC grew its stake in shares of BancFirst by 42.0% in the second quarter. Algert Global LLC now owns 11,445 shares of the bank’s stock valued at $1,004,000 after acquiring an additional 3,387 shares in the last quarter. Finally, Millennium Management LLC increased its position in BancFirst by 499.6% during the second quarter. Millennium Management LLC now owns 57,614 shares of the bank’s stock worth $5,053,000 after acquiring an additional 48,006 shares during the period. Institutional investors own 51.72% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on BANF. Piper Sandler upped their price objective on BancFirst from $84.50 to $95.00 and gave the stock an “underweight” rating in a research note on Monday, July 22nd. StockNews.com downgraded shares of BancFirst from a “hold” rating to a “sell” rating in a research report on Wednesday, September 4th.
Read Our Latest Stock Analysis on BANF
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.
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