BancFirst Co. (NASDAQ:BANF) Director Ronald J. Norick Buys 2,000 Shares

BancFirst Co. (NASDAQ:BANF) Director Ronald J. Norick acquired 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was acquired at an average cost of $53.00 per share, with a total value of $106,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

BANF stock traded up $0.78 on Monday, reaching $54.57. The company’s stock had a trading volume of 132 shares, compared to its average volume of 55,338. BancFirst Co. has a 52 week low of $48.07 and a 52 week high of $65.25. The company has a market capitalization of $1.76 billion, a P/E ratio of 14.29, a price-to-earnings-growth ratio of 1.90 and a beta of 0.83. The firm has a fifty day moving average of $56.27 and a two-hundred day moving average of $55.49. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.04 and a quick ratio of 1.04.

BancFirst (NASDAQ:BANF) last issued its quarterly earnings data on Thursday, July 18th. The bank reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.09. The business had revenue of $102.87 million during the quarter, compared to analyst estimates of $99.79 million. BancFirst had a return on equity of 14.34% and a net margin of 29.12%. As a group, equities analysts expect that BancFirst Co. will post 3.99 EPS for the current fiscal year.

A number of brokerages recently issued reports on BANF. Zacks Investment Research raised BancFirst from a “hold” rating to a “buy” rating and set a $62.00 price objective for the company in a report on Tuesday, July 9th. BidaskClub lowered BancFirst from a “hold” rating to a “sell” rating in a report on Monday, June 24th. Finally, Sandler O’Neill began coverage on BancFirst in a report on Wednesday, August 14th. They issued a “hold” rating for the company.

Hedge funds and other institutional investors have recently modified their holdings of the business. Migdal Insurance & Financial Holdings Ltd. bought a new position in BancFirst during the 1st quarter valued at $34,000. Quantamental Technologies LLC bought a new position in BancFirst during the 2nd quarter valued at $47,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in BancFirst by 77.7% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,043 shares of the bank’s stock valued at $54,000 after purchasing an additional 456 shares in the last quarter. Parallel Advisors LLC bought a new position in BancFirst during the 2nd quarter valued at $78,000. Finally, Bank of Montreal Can bought a new position in BancFirst during the 2nd quarter valued at $87,000. 33.65% of the stock is owned by hedge funds and other institutional investors.

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. It operates through Metropolitan Banks, Community Banks, and Other Financial Services segments. The company offers checking accounts, negotiable order of withdrawal accounts, savings accounts, money market accounts, sweep accounts, club accounts, individual retirement accounts, and certificates of deposit, as well as overdraft protection and auto draft services.

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