Shares of BancFirst Co. (NASDAQ:BANF) have been given a consensus broker rating score of 3.00 (Hold) from the three analysts that provide coverage for the company, Zacks Investment Research reports. Three research analysts have rated the stock with a hold rating.
Brokerages have set a twelve-month consensus price target of $55.75 for the company and are predicting that the company will post $0.68 earnings per share for the current quarter, according to Zacks. Zacks has also given BancFirst an industry rank of 199 out of 265 based on the ratings given to related companies.
Several research analysts have recently issued reports on BANF shares. Zacks Investment Research downgraded shares of BancFirst from a “buy” rating to a “hold” rating in a report on Tuesday, October 24th. ValuEngine downgraded shares of BancFirst from a “buy” rating to a “hold” rating in a report on Friday, September 1st.
The business also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 29th will be issued a dividend of $0.21 per share. The ex-dividend date is Thursday, December 28th. This represents a $0.84 annualized dividend and a dividend yield of 1.51%. BancFirst’s dividend payout ratio (DPR) is presently 31.82%.
In related news, EVP Darryl Schmidt sold 2,000 shares of the stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $56.10, for a total value of $112,200.00. Following the completion of the sale, the executive vice president now directly owns 2,000 shares in the company, valued at $112,200. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 4,500 shares of company stock valued at $249,700 over the last quarter. Company insiders own 42.32% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Crawford Investment Counsel Inc. increased its holdings in BancFirst by 1.5% in the second quarter. Crawford Investment Counsel Inc. now owns 33,321 shares of the bank’s stock valued at $3,219,000 after purchasing an additional 500 shares during the period. John W. Rosenthal Capital Management Inc. increased its holdings in BancFirst by 2.8% in the second quarter. John W. Rosenthal Capital Management Inc. now owns 62,836 shares of the bank’s stock valued at $6,070,000 after purchasing an additional 1,700 shares during the period. Goldman Sachs Group Inc. acquired a new stake in BancFirst in the second quarter valued at $1,635,000. Vanguard Group Inc. increased its holdings in BancFirst by 1.3% in the second quarter. Vanguard Group Inc. now owns 803,896 shares of the bank’s stock valued at $77,657,000 after purchasing an additional 10,658 shares during the period. Finally, Chicago Equity Partners LLC increased its holdings in BancFirst by 207.7% in the second quarter. Chicago Equity Partners LLC now owns 19,475 shares of the bank’s stock valued at $1,881,000 after purchasing an additional 13,145 shares during the period. Institutional investors and hedge funds own 33.10% of the company’s stock.
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BancFirst Corporation is a financial holding company. The Company conducts its operating activities through its principal subsidiary, BancFirst (the Bank), a state-chartered bank. It has four business units, which include metropolitan banks, community banks, other financial services, and executive, operations and support.
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