BancFirst (NASDAQ:BANF) Lowered to Sell Rating by StockNews.com

BancFirst (NASDAQ:BANF) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Friday.

BancFirst Stock Down 1.7 %

BANF opened at $100.43 on Friday. BancFirst has a twelve month low of $81.21 and a twelve month high of $132.29. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.98 and a current ratio of 0.98. The business has a 50 day moving average price of $114.85 and a 200 day moving average price of $115.81. The firm has a market cap of $3.34 billion, a P/E ratio of 15.59 and a beta of 0.82.

BancFirst (NASDAQ:BANF) last released its earnings results on Thursday, January 23rd. The bank reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.07. BancFirst had a net margin of 23.52% and a return on equity of 14.21%. Research analysts forecast that BancFirst will post 6.52 EPS for the current year.

Insider Transactions at BancFirst

In other news, Director William Scott Martin sold 10,000 shares of the company’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $119.13, for a total value of $1,191,300.00. Following the sale, the director now owns 214,499 shares of the company’s stock, valued at approximately $25,553,265.87. This represents a 4.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director F Ford Drummond sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $117.97, for a total value of $589,850.00. Following the completion of the transaction, the director now directly owns 6,000 shares in the company, valued at $707,820. The trade was a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,000 shares of company stock worth $2,994,350 over the last three months. 33.89% of the stock is currently owned by insiders.

Institutional Trading of BancFirst

Several large investors have recently made changes to their positions in the business. Capstone Triton Financial Group LLC lifted its holdings in BancFirst by 1.1% during the 4th quarter. Capstone Triton Financial Group LLC now owns 13,403 shares of the bank’s stock worth $1,571,000 after buying an additional 145 shares in the last quarter. Alpine Global Management LLC acquired a new stake in BancFirst in the 4th quarter valued at approximately $807,000. Voloridge Investment Management LLC lifted its stake in BancFirst by 32.0% in the 4th quarter. Voloridge Investment Management LLC now owns 66,104 shares of the bank’s stock valued at $7,746,000 after acquiring an additional 16,010 shares in the last quarter. Squarepoint Ops LLC boosted its position in BancFirst by 284.7% during the 4th quarter. Squarepoint Ops LLC now owns 17,978 shares of the bank’s stock worth $2,107,000 after acquiring an additional 13,305 shares during the last quarter. Finally, Rafferty Asset Management LLC grew its stake in shares of BancFirst by 21.0% during the 4th quarter. Rafferty Asset Management LLC now owns 17,806 shares of the bank’s stock worth $2,087,000 after acquiring an additional 3,095 shares in the last quarter. Institutional investors own 51.72% of the company’s stock.

BancFirst Company Profile

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.