BancFirst Co. (BANF) Given $60.00 Average Target Price by Analysts

Shares of BancFirst Co. (NASDAQ:BANF) have been assigned a consensus broker rating score of 3.00 (Hold) from the three brokers that provide coverage for the stock, Zacks Investment Research reports. Three investment analysts have rated the stock with a hold recommendation.

Brokerages have set a twelve-month consensus price objective of $60.00 for the company and are anticipating that the company will post $0.92 earnings per share for the current quarter, according to Zacks. Zacks has also assigned BancFirst an industry rank of 198 out of 255 based on the ratings given to related companies.

BANF has been the topic of a number of recent analyst reports. BidaskClub downgraded BancFirst from a “sell” rating to a “strong sell” rating in a research report on Thursday, December 13th. Zacks Investment Research downgraded BancFirst from a “buy” rating to a “hold” rating in a research report on Monday, December 17th. Finally, ValuEngine raised BancFirst from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 2nd.

NASDAQ BANF traded up $0.61 during trading on Monday, reaching $52.15. 76,360 shares of the company’s stock were exchanged, compared to its average volume of 49,005. The company has a market cap of $1.70 billion, a PE ratio of 13.65, a price-to-earnings-growth ratio of 1.96 and a beta of 0.79. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.03. BancFirst has a fifty-two week low of $48.07 and a fifty-two week high of $65.70.

BancFirst (NASDAQ:BANF) last announced its quarterly earnings results on Thursday, January 17th. The bank reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 14.68% and a net margin of 29.37%. As a group, research analysts anticipate that BancFirst will post 3.76 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 29th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.30%. The ex-dividend date of this dividend is Thursday, March 28th. BancFirst’s payout ratio is 31.41%.

Several institutional investors have recently bought and sold shares of BANF. Norges Bank acquired a new position in shares of BancFirst in the fourth quarter valued at approximately $12,917,000. BlackRock Inc. boosted its stake in shares of BancFirst by 3.7% in the fourth quarter. BlackRock Inc. now owns 1,311,440 shares of the bank’s stock valued at $65,441,000 after buying an additional 47,303 shares during the period. Vanguard Group Inc boosted its stake in shares of BancFirst by 1.8% in the third quarter. Vanguard Group Inc now owns 1,816,854 shares of the bank’s stock valued at $108,921,000 after buying an additional 31,758 shares during the period. Vanguard Group Inc. boosted its stake in shares of BancFirst by 1.8% in the third quarter. Vanguard Group Inc. now owns 1,816,854 shares of the bank’s stock valued at $108,921,000 after buying an additional 31,758 shares during the period. Finally, Marshall Wace LLP bought a new stake in shares of BancFirst in the third quarter valued at approximately $1,343,000. 34.41% 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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