The stock of BancFirst Corporation (NASDAQ:BANF) reached all time high today, Nov, 10 and still has $112.41 target or 38.00% above today’s $81.46 share price. This indicates more upside for the $1.36 billion company. This technical setup was reported by Barchart.com. If the $112.41 PT is reached, the company will be worth $516.80 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 45,568 shares traded hands or 84.12% up from the average. BancFirst Corporation (NASDAQ:BANF) has risen 37.72% since April 8, 2016 and is uptrending. It has outperformed by 32.07% the S&P500.
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. 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 Q2 2016. 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.
Suntrust Banks, a Georgia-based fund reported 3,942 shares. Royal Comml Bank Of Canada owns 137,433 shares or 0.01% of their US portfolio. Wedge Cap Management L Limited Partnership Nc has 67,233 shares for 0.04% of their US portfolio. Cap One Association holds 7,034 shares or 0.03% of its portfolio. Blackrock last reported 1,792 shares in the company. Dean Associate Limited Liability Com holds 30,550 shares or 0.36% of its portfolio. Piermont Cap Management last reported 19,165 shares in the company. Qs Llc owns 7 shares or 0% of their US portfolio. Cs Mckee Ltd Partnership last reported 11,250 shares in the company. Wells Fargo & Mn accumulated 0% or 8,670 shares. Geode Cap Mngmt Limited Liability Com has 0% invested in the company for 92,441 shares. Moreover, Mutual Of America Capital Mngmt Ltd Com has 0.1% invested in BancFirst Corporation (NASDAQ:BANF) for 74,972 shares. Moreover, State Street Corporation has 0% invested in BancFirst Corporation (NASDAQ:BANF) for 128,764 shares. Rhumbline Advisers holds 0% or 11,054 shares in its portfolio. The Netherlands-based Apg Asset Mgmt Nv has invested 0% in BancFirst Corporation (NASDAQ:BANF).
Insider Transactions: Since June 2, 2016, the stock had 0 insider buys, and 24 sales for $5.91 million net activity. JAMES KAREN sold $238,018 worth of stock or 3,625 shares. On Monday, November 7 SCHMIDT DARRYL sold $72,000 worth of the stock or 1,000 shares. 5,700 shares were sold by BRAND DENNIS L, worth $410,400. Harlow David R had sold 9,200 shares worth $617,457 on Tuesday, August 23. The insider SEAT DAVID sold $67,208. On Monday, October 31 the insider Westman David sold $89,375. NEVILLE ROBERT M had sold 5,250 shares worth $356,990.
More important recent BancFirst Corporation (NASDAQ:BANF) news were published by: Prnewswire.com which released: “BancFirst Corporation Reports Third Quarter Earnings” on October 20, 2016, also Reuters.com published article titled: “BRIEF-Bancfirst Corporation reports third quarter earnings”, Prnewswire.com published: “BancFirst Corporation Announces Agreement To Acquire CSB Bancshares Inc.” on July 14, 2015. More interesting news about BancFirst Corporation (NASDAQ:BANF) was released by: Prnewswire.com and their article: “BancFirst Corporation Announces Acquisition Of CSB Bancshares, Inc.” with publication date: October 08, 2015.
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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