BancFirst (NASDAQ:BANF) PT Raised to $110.00

BancFirst (NASDAQ:BANF) had its price objective lifted by research analysts at DA Davidson from $104.00 to $110.00 in a report issued on Monday, Benzinga reports. The brokerage presently has a “neutral” rating on the bank’s stock.

Several other analysts also recently issued reports on BANF. Piper Sandler increased their price target on BancFirst from $84.50 to $95.00 and gave the company an “underweight” rating in a report on Monday, July 22nd. StockNews.com downgraded BancFirst from a “hold” rating to a “sell” rating in a report on Wednesday, September 4th.

BancFirst Stock Up 0.7 %

Shares of NASDAQ BANF opened at $110.00 on Monday. BancFirst has a 12-month low of $79.99 and a 12-month high of $115.62. The company has a market cap of $3.63 billion, a P/E ratio of 17.97 and a beta of 1.03. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.06. The stock has a fifty day moving average price of $105.12 and a 200 day moving average price of $95.69.

Insider Activity

In other news, Director Dave R. Lopez sold 1,000 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $102.13, for a total transaction of $102,130.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Dave R. Lopez sold 1,000 shares of BancFirst stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $102.13, for a total value of $102,130.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Main Street Banking Partners L sold 778 shares of BancFirst stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $110.00, for a total value of $85,580.00. Following the completion of the transaction, the insider now owns 4,941,772 shares of the company’s stock, valued at $543,594,920. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 60,494 shares of company stock worth $6,404,328 over the last ninety days. Corporate insiders own 33.89% of the company’s stock.

Hedge Funds Weigh In On BancFirst

A number of hedge funds have recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new position in BancFirst in the third quarter worth about $112,370,000. Whittier Trust Co. of Nevada Inc. bought a new position in BancFirst in the third quarter worth about $38,000. Raymond James & Associates lifted its holdings in BancFirst by 4.1% in the third quarter. Raymond James & Associates now owns 95,076 shares of the bank’s stock worth $10,007,000 after acquiring an additional 3,720 shares during the last quarter. Blue Trust Inc. lifted its holdings in BancFirst by 33.9% in the third quarter. Blue Trust Inc. now owns 391 shares of the bank’s stock worth $41,000 after acquiring an additional 99 shares during the last quarter. Finally, nVerses Capital LLC bought a new stake in shares of BancFirst during the third quarter valued at approximately $105,000. 51.72% of the stock is currently owned by institutional investors and hedge funds.

BancFirst Company Profile

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.