BancFirst Co. (NASDAQ:BANF) Short Interest Update

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BancFirst Co. (NASDAQ:BANF) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totalling 372,300 shares, an increase of 8.5% from the June 30th total of 343,000 shares. Currently, 2.3% of the shares of the company are short sold. Based on an average trading volume of 64,700 shares, the short-interest ratio is presently 5.8 days.

BANF has been the subject of several recent analyst reports. Zacks Investment Research raised shares of BancFirst from a “hold” rating to a “buy” rating and set a $62.00 target price for the company in a report on Tuesday, July 9th. BidaskClub downgraded shares of BancFirst from a “hold” rating to a “sell” rating in a report on Monday, June 24th. Finally, Sandler O’Neill initiated coverage on shares of BancFirst in a report on Wednesday. They issued a “hold” rating for the company.

In other BancFirst news, Director Ronald J. Norick acquired 2,000 shares of the business’s stock in a transaction dated Tuesday, May 28th. The stock was purchased at an average price of $53.74 per share, with a total value of $107,480.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 38.27% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in BANF. Bank of America Corp DE boosted its holdings in shares of BancFirst by 17.5% during the 4th quarter. Bank of America Corp DE now owns 41,102 shares of the bank’s stock valued at $2,051,000 after purchasing an additional 6,130 shares during the last quarter. D. E. Shaw & Co. Inc. bought a new position in shares of BancFirst during the 4th quarter valued at about $224,000. Legal & General Group Plc boosted its holdings in shares of BancFirst by 5.3% during the 4th quarter. Legal & General Group Plc now owns 7,011 shares of the bank’s stock valued at $350,000 after purchasing an additional 353 shares during the last quarter. Norges Bank bought a new position in shares of BancFirst during the 4th quarter valued at about $12,917,000. Finally, Geode Capital Management LLC boosted its holdings in shares of BancFirst by 4.6% during the 4th quarter. Geode Capital Management LLC now owns 319,022 shares of the bank’s stock valued at $15,919,000 after purchasing an additional 14,030 shares during the last quarter. 34.05% of the stock is owned by institutional investors and hedge funds.

BancFirst stock traded down $0.41 during mid-day trading on Wednesday, hitting $54.87. The stock had a trading volume of 186 shares, compared to its average volume of 52,111. The stock has a market cap of $1.80 billion, a price-to-earnings ratio of 14.19, a P/E/G ratio of 1.98 and a beta of 0.83. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.04 and a quick ratio of 1.04. The company has a 50 day moving average of $56.37. BancFirst has a one year low of $48.07 and a one year high of $65.25.

BancFirst (NASDAQ:BANF) last issued its earnings results on Thursday, July 18th. The bank reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.09. The company had revenue of $102.87 million during the quarter, compared to the consensus estimate of $99.79 million. BancFirst had a net margin of 29.12% and a return on equity of 14.34%. On average, research analysts predict that BancFirst will post 3.99 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.19%. The ex-dividend date was Thursday, June 27th. BancFirst’s dividend payout ratio (DPR) is presently 31.41%.

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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