BancFirst Co. (NASDAQ:BANF – Get Free Report) saw a large increase in short interest in the month of August. As of August 15th, there was short interest totalling 403,500 shares, an increase of 23.2% from the July 31st total of 327,400 shares. Based on an average daily trading volume, of 85,500 shares, the short-interest ratio is currently 4.7 days. Approximately 2.0% of the shares of the company are short sold.
BancFirst Trading Down 0.7 %
Shares of BANF stock traded down $0.79 during mid-day trading on Friday, reaching $106.40. The stock had a trading volume of 118,508 shares, compared to its average volume of 70,327. 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 firm has a market capitalization of $3.51 billion, a PE ratio of 17.39 and a beta of 1.04. BancFirst has a 52-week low of $79.99 and a 52-week high of $110.79. The stock’s 50-day moving average price is $98.17 and its two-hundred day moving average price is $90.98.
BancFirst (NASDAQ:BANF – Get Free Report) last issued its quarterly earnings data on Thursday, July 18th. The bank reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.09. The firm had revenue of $153.84 million for the quarter, compared to analyst estimates of $149.75 million. BancFirst had a return on equity of 13.89% and a net margin of 23.46%. Equities analysts expect that BancFirst will post 6.07 earnings per share for the current fiscal year.
BancFirst Increases Dividend
Insider Buying and Selling
In other news, EVP Dennis Jay Hannah sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $105.00, for a total value of $105,000.00. Following the completion of the transaction, the executive vice president now directly owns 6,714 shares in the company, valued at $704,970. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director David E. Rainbolt sold 18,376 shares of the stock in a transaction on Friday, August 30th. The shares were sold at an average price of $106.22, for a total value of $1,951,898.72. Following the transaction, the director now owns 223,874 shares of the company’s stock, valued at approximately $23,779,896.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Dennis Jay Hannah sold 1,000 shares of BancFirst stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $105.00, for a total transaction of $105,000.00. Following the sale, the executive vice president now directly owns 6,714 shares of the company’s stock, valued at $704,970. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,246 shares of company stock valued at $3,430,906. Company insiders own 33.89% of the company’s stock.
Institutional Trading of BancFirst
Several large investors have recently bought and sold shares of BANF. GAMMA Investing LLC purchased a new stake in BancFirst in the fourth quarter worth about $25,000. Global Retirement Partners LLC purchased a new position in BancFirst during the first quarter valued at $35,000. Benjamin F. Edwards & Company Inc. boosted its holdings in BancFirst by 557.1% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 506 shares of the bank’s stock worth $45,000 after acquiring an additional 429 shares in the last quarter. EntryPoint Capital LLC grew its stake in shares of BancFirst by 56.8% in the first quarter. EntryPoint Capital LLC now owns 842 shares of the bank’s stock worth $74,000 after acquiring an additional 305 shares during the last quarter. Finally, Point72 DIFC Ltd purchased a new position in shares of BancFirst in the 2nd quarter worth about $77,000. 51.72% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of equities analysts recently weighed in on BANF shares. Piper Sandler raised their price objective on BancFirst from $84.50 to $95.00 and gave the company an “underweight” rating in a report on Monday, July 22nd. StockNews.com upgraded shares of BancFirst from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th.
Check Out Our Latest Stock Analysis on BANF
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.
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