The stock of BancFirst Corporation (NASDAQ:BANF) reached all time high today, Oct, 11 and still has $110.35 target or 51.00% above today’s $73.08 share price. This indicates more upside for the $1.15 billion company. This technical setup was reported by Barchart.com. If the $110.35 PT is reached, the company will be worth $586.50 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 414 shares traded hands. BancFirst Corporation (NASDAQ:BANF) has risen 26.08% since March 8, 2016 and is uptrending. It has outperformed by 16.76% the S&P500.
Analysts await BancFirst Corporation (NASDAQ:BANF) to report earnings on October, 20. They expect $1.14 EPS, up 16.33% or $0.16 from last year’s $0.98 per share. BANF’s profit will be $17.94 million for 16.03 P/E if the $1.14 EPS becomes a reality. After $1.10 actual EPS reported by BancFirst Corporation for the previous quarter, Wall Street now forecasts 3.64% EPS growth.
BancFirst Corporation (NASDAQ:BANF) Ratings Coverage
Out of 2 analysts covering BancFirst Corp (NASDAQ:BANF), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. $68 is the highest target while $65 is the lowest. The $66.67 average target is -8.77% below today’s ($73.08) stock price. BancFirst Corp has been the topic of 3 analyst reports since July 20, 2015 according to StockzIntelligence Inc.
According to Zacks Investment Research, “BancFirst Corporation is a bank holding company for BancFirst. BancFirst Corporation also owns 100% of the common securities of BFC Capital Trust I, and First State Bank. BancFirst’s strategy focuses on providing a full range of commercial banking services to retail customers and small to medium-sized businesses both in the non-metropolitan trade centers and the metropolitan markets. BancFirst operates as a super community bank, managing their community banking offices on a decentralized basis, which permits them to be responsive to local customer needs.”
Insitutional Activity: The institutional sentiment increased to 1.72 in 2016 Q2. Its up 0.05, from 1.67 in 2016Q1. The ratio increased, as 7 funds sold all BancFirst Corporation shares owned while 22 reduced positions. 9 funds bought stakes while 41 increased positions. They now own 4.59 million shares or 0.51% less from 4.62 million shares in 2016Q1.
Tower Research Capital Ltd Liability Co (Trc) has 0% invested in the company for 816 shares. Tiaa Cref Mgmt Ltd accumulated 27,217 shares or 0% of the stock. Credit Suisse Ag last reported 13,035 shares in the company. New York State Common Retirement Fund owns 21,439 shares or 0% of their US portfolio. One Natl Association holds 7,034 shares or 0.03% of its portfolio. Mutual Of America Mgmt Ltd Limited Liability Company owns 74,972 shares or 0.1% of their US portfolio. Dean Inv Llc, a Ohio-based fund reported 30,550 shares. Numeric Limited Liability Com, a Massachusetts-based fund reported 15,600 shares. Federated Invsts Inc Pa holds 0% or 362 shares in its portfolio. Nationwide Fund Advsr, a Pennsylvania-based fund reported 18,033 shares. Us Bank & Trust De has 56 shares for 0% of their US portfolio. The Connecticut-based Aqr Management Lc has invested 0% in BancFirst Corporation (NASDAQ:BANF). Qs Investors Limited Liability Company accumulated 7 shares or 0% of the stock. Acadian Asset Mngmt Ltd Liability holds 0% of its portfolio in BancFirst Corporation (NASDAQ:BANF) for 8,573 shares. Millennium Management Llc owns 64,381 shares or 0.01% of their US portfolio.
Insider Transactions: Since May 3, 2016, the stock had 0 insider buys, and 17 insider sales for $4.75 million net activity. BRAND DENNIS L sold 4,903 shares worth $328,511. COPELAND SCOTT also sold $265,600 worth of BancFirst Corporation (NASDAQ:BANF) on Friday, August 5. The insider Harlow David R sold 9,200 shares worth $617,457. JAMES KAREN sold $238,018 worth of stock. The insider Weast Jennifer C sold 625 shares worth $41,499. SCHMIDT DARRYL also sold $266,750 worth of BancFirst Corporation (NASDAQ:BANF) shares. $330,645 worth of shares were sold by Starks Ken on Monday, July 25.
More news for BancFirst Corporation (NASDAQ:BANF) were recently published by: Prnewswire.com, which released: “BancFirst Corporation Announces Agreement To Acquire CSB Bancshares Inc.” on July 14, 2015. Prnewswire.com‘s article titled: “BancFirst Corporation Announces Acquisition Of CSB Bancshares, Inc.” and published on October 08, 2015 is yet another important article.
BANF Company Profile
BancFirst Corporation, incorporated on July 12, 1984, is a financial holding company. The Firm conducts its operating activities through its principal subsidiary, BancFirst (the Bank), a state-chartered bank. The Firm has four business units, which include metropolitan banks, community banks, other financial services, and executive, activities and support. The metropolitan and community banks offer traditional banking products, such as commercial and retail lending, and a line of deposit accounts. The metropolitan banks consist of banking locations in the metropolitan Oklahoma City and Tulsa areas. The community banks consist of banking locations in communities throughout Oklahoma. The Company’s other financial services are specialty product business units, including guaranteed small business lending, residential mortgage lending, trust services, securities brokerage, electronic banking and insurance. The executive, activities and support groups represent executive management, operational support and corporate functions.
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