BancFirst (NASDAQ:BANF) Upgraded by StockNews.com to “Hold” Rating

BancFirst (NASDAQ:BANF) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Thursday.

BANF has been the topic of several other reports. Piper Sandler raised their target price on shares of BancFirst from $84.50 to $95.00 and gave the stock an “underweight” rating in a research report on Monday, July 22nd. DA Davidson raised their target price on shares of BancFirst from $104.00 to $110.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st.

BancFirst Trading Down 4.7 %

Shares of NASDAQ BANF traded down $5.98 during midday trading on Thursday, reaching $120.71. 138,560 shares of the stock were exchanged, compared to its average volume of 78,581. The company has a market capitalization of $3.99 billion, a P/E ratio of 19.41 and a beta of 1.02. BancFirst has a 52-week low of $80.80 and a 52-week high of $128.31. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.06. The stock has a 50 day moving average price of $106.97 and a 200-day moving average price of $97.88.

Insider Buying and Selling

In related news, Director Dave R. Lopez sold 1,000 shares of BancFirst stock in a transaction on Friday, August 16th. The shares were sold at an average price of $102.13, for a total value of $102,130.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other BancFirst news, Director William Scott Martin sold 5,000 shares of the business’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $113.50, for a total transaction of $567,500.00. Following the completion of the sale, the director now owns 306,904 shares in the company, valued at $34,833,604. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Dave R. Lopez sold 1,000 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $102.13, for a total transaction of $102,130.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 112,266 shares of company stock worth $12,242,165. Insiders own 33.89% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. BancFirst Trust & Investment Management grew its holdings in BancFirst by 50.8% in the 3rd quarter. BancFirst Trust & Investment Management now owns 1,702,082 shares of the bank’s stock worth $177,936,000 after buying an additional 573,224 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of BancFirst during the third quarter valued at about $112,370,000. Edgestream Partners L.P. acquired a new stake in BancFirst in the first quarter worth about $4,274,000. Millennium Management LLC grew its position in BancFirst by 499.6% in the 2nd quarter. Millennium Management LLC now owns 57,614 shares of the bank’s stock valued at $5,053,000 after buying an additional 48,006 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in BancFirst by 40.2% in the 3rd quarter. Principal Financial Group Inc. now owns 101,276 shares of the bank’s stock valued at $10,659,000 after buying an additional 29,050 shares in the last quarter. 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.