BancFirst (NASDAQ:BANF) Reaches New 1-Year High – Should You Buy?

BancFirst Co. (NASDAQ:BANF)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $125.00 and last traded at $124.75, with a volume of 62197 shares trading hands. The stock had previously closed at $109.48.

Analyst Ratings Changes

Several brokerages have weighed in on BANF. Piper Sandler increased their target price on shares of BancFirst from $84.50 to $95.00 and gave the stock an “underweight” rating in a research note on Monday, July 22nd. StockNews.com cut shares of BancFirst from a “hold” rating to a “sell” rating in a report on Wednesday, September 4th. Finally, DA Davidson raised their price objective on shares of BancFirst from $104.00 to $110.00 and gave the company a “neutral” rating in a report on Monday, October 21st.

BancFirst Price Performance

The stock has a market capitalization of $4.18 billion, a PE ratio of 20.37 and a beta of 1.02. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.97 and a current ratio of 0.97. The stock’s 50-day moving average is $106.57 and its 200 day moving average is $97.67.

BancFirst Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a dividend of $0.46 per share. This is an increase from BancFirst’s previous quarterly dividend of $0.43. This represents a $1.84 annualized dividend and a yield of 1.45%. The ex-dividend date was Monday, September 30th. BancFirst’s dividend payout ratio (DPR) is presently 29.58%.

Insider Activity

In related news, Director Dave R. Lopez sold 1,000 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $102.13, for a total transaction of $102,130.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Dave R. Lopez sold 1,000 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $102.13, for a total transaction of $102,130.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director William Scott Martin sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $117.00, for a total value of $1,755,000.00. Following the completion of the sale, the director now owns 291,904 shares in the company, valued at approximately $34,152,768. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 112,266 shares of company stock valued at $12,242,165. Insiders own 33.89% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Blue Trust Inc. lifted its position in BancFirst by 33.9% during the third quarter. Blue Trust Inc. now owns 391 shares of the bank’s stock valued at $41,000 after buying an additional 99 shares in the last quarter. Louisiana State Employees Retirement System grew its stake in shares of BancFirst by 1.4% in the second quarter. Louisiana State Employees Retirement System now owns 7,300 shares of the bank’s stock valued at $640,000 after buying an additional 100 shares in the last quarter. Arizona State Retirement System raised its holdings in shares of BancFirst by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 5,993 shares of the bank’s stock valued at $526,000 after buying an additional 112 shares during the period. Diversified Trust Co lifted its position in BancFirst by 2.6% during the 2nd quarter. Diversified Trust Co now owns 4,972 shares of the bank’s stock worth $436,000 after acquiring an additional 128 shares in the last quarter. Finally, Inspire Investing LLC boosted its holdings in BancFirst by 3.9% in the 1st quarter. Inspire Investing LLC now owns 4,070 shares of the bank’s stock worth $358,000 after acquiring an additional 152 shares during the period. 51.72% of the stock is owned by hedge funds and other institutional investors.

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.