BancFirst (NASDAQ:BANF) PT Raised to $95.00 at Piper Sandler

BancFirst (NASDAQ:BANF) had its price target upped by equities researchers at Piper Sandler from $84.50 to $95.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has an “underweight” rating on the bank’s stock. Piper Sandler’s price objective would indicate a potential downside of 11.64% from the stock’s previous close.

Separately, StockNews.com upgraded shares of BancFirst from a “sell” rating to a “hold” rating in a report on Friday, July 19th.

BancFirst Stock Up 2.4 %

NASDAQ:BANF opened at $107.52 on Monday. BancFirst has a 1 year low of $79.99 and a 1 year high of $107.75. The stock has a 50-day moving average price of $88.49 and a two-hundred day moving average price of $88.44. The stock has a market cap of $3.55 billion, a price-to-earnings ratio of 17.57 and a beta of 1.04. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.06.

BancFirst (NASDAQ:BANF) last issued its quarterly earnings data on Thursday, July 18th. The bank reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.09. BancFirst had a return on equity of 14.10% and a net margin of 29.64%. As a group, equities analysts expect that BancFirst will post 5.8 earnings per share for the current year.

Insider Activity

In related news, EVP Kevin Lawrence sold 10,000 shares of the stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $90.00, for a total transaction of $900,000.00. Following the completion of the transaction, the executive vice president now owns 10,000 shares in the company, valued at $900,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Kevin Lawrence sold 10,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $90.00, for a total transaction of $900,000.00. Following the completion of the transaction, the executive vice president now directly owns 10,000 shares of the company’s stock, valued at $900,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Dennis Jay Hannah sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, July 19th. The shares were sold at an average price of $106.50, for a total value of $319,500.00. Following the completion of the transaction, the executive vice president now owns 7,714 shares of the company’s stock, valued at $821,541. The disclosure for this sale can be found here. Insiders have sold 19,700 shares of company stock worth $1,850,242 over the last ninety days. Insiders own 33.89% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC acquired a new stake in BancFirst in the 4th quarter valued at about $25,000. Global Retirement Partners LLC bought a new stake in BancFirst in the first quarter valued at approximately $35,000. Benjamin F. Edwards & Company Inc. lifted its position in shares of BancFirst by 557.1% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 506 shares of the bank’s stock valued at $45,000 after buying an additional 429 shares during the last quarter. EntryPoint Capital LLC boosted its stake in shares of BancFirst by 56.8% during the 1st quarter. EntryPoint Capital LLC now owns 842 shares of the bank’s stock worth $74,000 after acquiring an additional 305 shares during the period. Finally, Transcendent Capital Group LLC acquired a new position in shares of BancFirst during the 1st quarter worth approximately $105,000. Institutional investors 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.