The Vanguard Group, Inc. recently announced the acquisition of new stake in BancFirst Corporation (NASDAQ:BANF). The institutional investor has increased its shareholding in the Financial company by 0.02% to 2.16 million shares with purchase of 418.0 shares. This fresh investment now brings its stake to 6.58% valued currently at $190.8 million. In addition, Dimensional Fund Advisors LP raised its holdings by 4021.0 to 0.94 million shares. And SSgA Funds Management, Inc. has lifted its position by 2.69% or 22405.0 shares – to 0.86 million shares.
With over 0.14 million BancFirst Corporation (BANF) shares trading Friday and a closing price of $82.78 on the day, the dollar volume was approximately $11.83 million. The shares have shown a negative half year performance of -8.92% and its price on 01/20/23 lost nearly -2.60%. Currently, there are 32.83M common shares owned by the public and among those 19.66M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 4 analysts who have offered their price forecasts for BANF have a consensus price objective of $97.25. The analysts have set the share’s price value over the next 12 months at a high of $105.00 and a low of $92.00. The average price target is 11.94% above its recent price level and an upside to the estimated low will see the stock gain 10.02% over that period. But an upside of 21.16% will see the stock hit the forecast high price target while median target price for the stock is $96.00.
Insiders at the company have transacted a total of 51 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 22 of these insider trades were purchases, accounting for 58,831 shares. Insider sales of the common stock occurred on 29 occasions, with total insider shares sold totaling 714,761 shares.
The top 3 mutual fund holders in BancFirst Corporation are iShares Core S&P Small Cap ETF, Vanguard Total Stock Market Index, and Vanguard Small Cap Index Fund. iShares Core S&P Small Cap ETF owns 1.29 million shares of the company’s stock, all valued at over $113.45 million. The company sold 3215.0 shares recently to bring their total holdings to about 3.91% of the shares outstanding. Vanguard Total Stock Market Index bought 3914.0 shares to see its total holdings expand to 0.55 million shares valued at over $48.77 million and representing 1.68% of the shares outstanding. Vanguard Small Cap Index Fund sold 528.0 shares to bring its total holdings to over 0.47 million shares at a value of $41.07 million. Vanguard Small Cap Index Fund now owns shares totaling to 1.42% of the shares outstanding.
Shares of BancFirst Corporation (NASDAQ: BANF) opened at $85.07, up $0.08 from a prior closing price of $84.99. However, the script later moved the day high at 85.64, down -2.60%. The company’s stock has a 5-day price change of -7.52% and -12.15% over the past three months. BANF shares are trading -6.12% year to date (YTD), with the 12-month market performance up to 8.44% higher. It has a 12-month low price of $72.86 and touched a high of $118.07 over the same period. BANF has an average intraday trading volume of 97.49K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -5.10%, -11.11%, and -12.30% respectively.
Institutional ownership of BancFirst Corporation (NASDAQ: BANF) shares accounts for 52.90% of the company’s 32.83M shares outstanding. Mutual fund holders own 24.39%, while other institutional holders and individual stakeholders account for 46.80% and 22.28% respectively.
It has a market capitalization of $2.79B and a beta (3y monthly) value of 1.13. The stock’s trailing 12-month PE ratio is 15.87, while the earnings-per-share (ttm) stands at $5.22. The company has a PEG of 2.27 and the debt-to-equity ratio at 0.07. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.91% over the week and 3.19% over the month.
Analysts forecast that BancFirst Corporation (BANF) will achieve an EPS of $1.72 for the current quarter, $1.74 for the next quarter and $6.52 for 2023. The lowest estimate earnings-per-share for the quarter is $1.6 while analysts give the company a high EPS estimate of $1.85. Comparatively, EPS for the current quarter was $1.15 a year ago. Earnings per share for the fiscal year are expected to increase by 67.80%, and -10.37% over the next financial year. EPS should shrink at an annualized rate of 7.00% over the next five years, compared to 17.80% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 4 brokerage firm advisors rate BancFirst Corporation (BANF) as a “Hold” at a consensus score of 3.20. Specifically, 0 Wall Street analysts polled rate the stock as a buy, while 3 of the 4 advise that investors “hold,” and 1 rated it as a “Sell.”
Looking at the support for the BANF, a number of firms have released research notes about the stock. Piper Sandler stated their Underweight rating for the stock in a research note on May 06, 2022, with the firm’s price target at $87-$79. Keefe Bruyette was of a view on January 21, 2010 that the stock is Mkt Perform, while Keefe Bruyette gave the stock Underperform rating on January 05, 2009, issuing a price target of $45- $39. FTN Midwest on their part issued Neutral rating on January 26, 2007.