BancFirst Co. (NASDAQ:BANF) Short Interest Update

BancFirst Co. (NASDAQ:BANFGet Free Report) was the recipient of a large decrease in short interest in April. As of April 30th, there was short interest totalling 446,600 shares, a decrease of 18.9% from the April 15th total of 550,700 shares. Based on an average daily volume of 65,300 shares, the short-interest ratio is presently 6.8 days. Currently, 2.3% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Separately, DA Davidson lowered their price target on BancFirst from $95.00 to $92.00 and set a “neutral” rating for the company in a report on Friday, January 19th.

Check Out Our Latest Stock Report on BANF

Insiders Place Their Bets

In other BancFirst news, EVP Kevin Lawrence sold 7,312 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $88.00, for a total transaction of $643,456.00. Following the transaction, the executive vice president now owns 10,000 shares in the company, valued at approximately $880,000. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, EVP Dennis Jay Hannah sold 300 shares of the stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $92.06, for a total transaction of $27,618.00. Following the sale, the executive vice president now owns 18,414 shares in the company, valued at approximately $1,695,192.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kevin Lawrence sold 7,312 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $88.00, for a total transaction of $643,456.00. Following the transaction, the executive vice president now owns 10,000 shares of the company’s stock, valued at $880,000. The disclosure for this sale can be found here. Insiders have sold a total of 27,000 shares of company stock worth $2,423,430 in the last quarter. Corporate insiders own 33.89% of the company’s stock.

Hedge Funds Weigh In On BancFirst

Institutional investors and hedge funds have recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new position in BancFirst in the 4th quarter worth about $8,818,000. Illinois Municipal Retirement Fund bought a new stake in shares of BancFirst in the 3rd quarter valued at about $909,000. Schonfeld Strategic Advisors LLC bought a new stake in shares of BancFirst in the 3rd quarter valued at about $1,242,000. Tectonic Advisors LLC grew its position in shares of BancFirst by 14.0% in the 4th quarter. Tectonic Advisors LLC now owns 9,114 shares of the bank’s stock valued at $887,000 after buying an additional 1,118 shares during the last quarter. Finally, Diversified Trust Co grew its position in shares of BancFirst by 4.0% in the 4th quarter. Diversified Trust Co now owns 3,869 shares of the bank’s stock valued at $377,000 after buying an additional 150 shares during the last quarter. Institutional investors and hedge funds own 51.72% of the company’s stock.

BancFirst Price Performance

Shares of BancFirst stock traded up $0.04 during trading on Tuesday, reaching $90.69. 37,687 shares of the company’s stock were exchanged, compared to its average volume of 64,028. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.95 and a current ratio of 0.96. BancFirst has a 1-year low of $74.55 and a 1-year high of $104.00. The company has a market cap of $2.99 billion, a P/E ratio of 14.82 and a beta of 1.07. The firm’s 50-day moving average price is $87.47 and its 200 day moving average price is $88.94.

BancFirst (NASDAQ:BANFGet Free Report) last posted its quarterly earnings results on Thursday, April 18th. The bank reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.13. BancFirst had a return on equity of 14.62% and a net margin of 24.65%. The company had revenue of $151.00 million during the quarter, compared to analysts’ expectations of $147.75 million. As a group, research analysts anticipate that BancFirst will post 5.8 earnings per share for the current year.

BancFirst Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a $0.43 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.72 dividend on an annualized basis and a yield of 1.90%. BancFirst’s payout ratio is presently 28.10%.

About BancFirst

(Get Free Report)

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.

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