BancFirst (NASDAQ:BANF) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

BancFirst (NASDAQ:BANF) had its price target boosted by research analysts at Keefe, Bruyette & Woods from $117.00 to $135.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a “market perform” rating on the bank’s stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 5.53% from the company’s previous close.

A number of other brokerages also recently weighed in on BANF. StockNews.com raised BancFirst from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th. DA Davidson raised their price target on shares of BancFirst from $104.00 to $110.00 and gave the company a “neutral” rating in a report on Monday, October 21st.

BancFirst Stock Performance

Shares of BancFirst stock opened at $127.92 on Wednesday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.05. The stock’s fifty day moving average price is $114.65 and its 200-day moving average price is $102.61. The firm has a market cap of $4.24 billion, a P/E ratio of 20.57 and a beta of 1.05. BancFirst has a 12 month low of $81.21 and a 12 month high of $132.29.

BancFirst (NASDAQ:BANF) last posted its earnings results on Thursday, October 17th. The bank reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.18. BancFirst had a net margin of 23.52% and a return on equity of 13.92%. The business had revenue of $163.67 million for the quarter, compared to the consensus estimate of $156.70 million. On average, equities research analysts expect that BancFirst will post 6.37 earnings per share for the current fiscal year.

Insider Buying and Selling at BancFirst

In related news, major shareholder Main Street Banking Partners L sold 778 shares of BancFirst stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $110.00, for a total transaction of $85,580.00. Following the completion of the transaction, the insider now directly owns 4,941,772 shares in the company, valued at approximately $543,594,920. This trade represents a 0.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David E. Rainbolt sold 1,391 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $105.01, for a total value of $146,068.91. Following the completion of the sale, the director now owns 215,024 shares in the company, valued at approximately $22,579,670.24. This represents a 0.64 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 159,054 shares of company stock worth $18,507,146. Company insiders own 33.89% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Price T Rowe Associates Inc. MD increased its holdings in BancFirst by 9.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,104 shares of the bank’s stock worth $802,000 after acquiring an additional 776 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of BancFirst by 367.6% during the second quarter. SG Americas Securities LLC now owns 7,299 shares of the bank’s stock worth $640,000 after purchasing an additional 5,738 shares in the last quarter. Curated Wealth Partners LLC lifted its stake in BancFirst by 180.4% in the 2nd quarter. Curated Wealth Partners LLC now owns 2,433 shares of the bank’s stock valued at $213,000 after buying an additional 5,460 shares in the last quarter. Diversified Trust Co boosted its holdings in BancFirst by 2.6% in the 2nd quarter. Diversified Trust Co now owns 4,972 shares of the bank’s stock worth $436,000 after buying an additional 128 shares during the last quarter. Finally, AlphaMark Advisors LLC purchased a new stake in BancFirst during the 2nd quarter worth approximately $297,000. Institutional investors and hedge funds 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.