BancFirst (NASDAQ:BANF) Downgraded by ValuEngine to Strong Sell

BancFirst (NASDAQ:BANF) was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a note issued to investors on Monday, ValuEngine reports.

BANF has been the subject of a number of other reports. Zacks Investment Research upgraded shares of BancFirst from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a report on Friday, September 6th. Sandler O’Neill started coverage on shares of BancFirst in a report on Wednesday, August 14th. They issued a “hold” rating for the company. Finally, BidaskClub upgraded shares of BancFirst from a “strong sell” rating to a “sell” rating in a report on Thursday.

Shares of BANF traded down $0.09 during mid-day trading on Monday, reaching $58.03. The company’s stock had a trading volume of 41,888 shares, compared to its average volume of 51,467. The stock has a market cap of $1.89 billion, a PE ratio of 15.19, a P/E/G ratio of 2.04 and a beta of 0.85. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.03. BancFirst has a 52 week low of $48.07 and a 52 week high of $63.30. The company’s fifty day moving average price is $54.91 and its two-hundred day moving average price is $55.25.

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

In related news, EVP Darryl Schmidt sold 4,000 shares of BancFirst stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $55.05, for a total value of $220,200.00. Following the transaction, the executive vice president now directly owns 11,000 shares of the company’s stock, valued at $605,550. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Ronald J. Norick bought 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was purchased at an average cost of $53.00 per share, for a total transaction of $106,000.00. The disclosure for this purchase can be found here. 38.27% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Quantamental Technologies LLC purchased a new position in BancFirst during the 2nd quarter valued at $47,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position 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 during the period. Parallel Advisors LLC purchased a new position in BancFirst during the 2nd quarter valued at $78,000. Bank of Montreal Can purchased a new position in BancFirst during the 2nd quarter valued at $87,000. Finally, Amundi Pioneer Asset Management Inc. purchased a new position in BancFirst during the 1st quarter valued at $141,000. 34.25% of the stock is currently owned by 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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