BancFirst (BANF) Upgraded at ValuEngine

BancFirst (NASDAQ:BANF) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Monday, February 4th.

A number of other research firms have also recently weighed in on BANF. BidaskClub cut shares of BancFirst from a “sell” rating to a “strong sell” rating in a research report on Thursday, December 13th. Zacks Investment Research cut shares of BancFirst from a “buy” rating to a “hold” rating in a research report on Monday, December 24th.

Shares of BANF stock traded up $0.25 during trading hours on Monday, hitting $56.63. The company’s stock had a trading volume of 30,247 shares, compared to its average volume of 36,102. BancFirst has a 12-month low of $48.07 and a 12-month high of $65.70. The company has a market capitalization of $1.87 billion, a P/E ratio of 14.82, a price-to-earnings-growth ratio of 2.16 and a beta of 0.77. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.02 and a quick ratio of 1.02.

BancFirst (NASDAQ:BANF) last announced its quarterly earnings results on Thursday, January 17th. The bank reported $0.98 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.04. The firm had revenue of $100.74 million for the quarter, compared to the consensus estimate of $97.57 million. BancFirst had a net margin of 27.17% and a return on equity of 14.86%. As a group, sell-side analysts forecast that BancFirst will post 3.76 earnings per share for the current year.

A number of institutional investors have recently added to or reduced their stakes in BANF. Acadian Asset Management LLC purchased a new position in BancFirst during the fourth quarter worth about $61,000. Citadel Advisors LLC purchased a new position in BancFirst during the third quarter worth about $212,000. D. E. Shaw & Co. Inc. purchased a new position in BancFirst during the fourth quarter worth about $224,000. Wakefield Asset Management LLLP purchased a new position in BancFirst during the third quarter worth about $235,000. Finally, Brown Advisory Inc. purchased a new position in shares of BancFirst in the third quarter valued at approximately $244,000. Hedge funds and other institutional investors own 33.13% of the company’s stock.

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. 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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