BancFirst Co. (NASDAQ:BANF) Short Interest Update – MarketBeat

November 30, 2021 by No Comments

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BancFirst Co. (NASDAQ:BANF) was the target of a large decrease in short interest during the month of November. As of November 15th, there was short interest totalling 390,900 shares, a decrease of 39.5% from the October 31st total of 646,100 shares. Based on an average trading volume of 114,000 shares, the days-to-cover ratio is presently 3.4 days. Approximately 2.3% of the shares of the stock are sold short.
In other BancFirst news, EVP Dennis L. Brand bought 5,000 shares of the firm’s stock in a transaction on Monday, September 13th. The shares were acquired at an average cost of $54.50 per share, for a total transaction of $272,500.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 37.43% of the stock is owned by corporate insiders.
Institutional investors have recently made changes to their positions in the company. State Street Corp boosted its holdings in BancFirst by 7.3% during the 2nd quarter. State Street Corp now owns 802,857 shares of the bank’s stock valued at $50,395,000 after acquiring an additional 54,531 shares during the period. FMR LLC boosted its holdings in BancFirst by 290.9% during the 2nd quarter. FMR LLC now owns 337,609 shares of the bank’s stock valued at $21,077,000 after acquiring an additional 251,252 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in BancFirst by 8.3% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 285,061 shares of the bank’s stock valued at $17,797,000 after acquiring an additional 21,774 shares during the period. Bank of New York Mellon Corp boosted its holdings in BancFirst by 1.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 258,070 shares of the bank’s stock valued at $15,515,000 after acquiring an additional 3,301 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in BancFirst by 2.4% during the 2nd quarter. Principal Financial Group Inc. now owns 257,260 shares of the bank’s stock valued at $16,061,000 after acquiring an additional 6,082 shares during the period. Hedge funds and other institutional investors own 37.58% of the company’s stock. (adsbygoogle = window.adsbygoogle || []).push({});
Separately, Zacks Investment Research lowered BancFirst from a “hold” rating to a “sell” rating in a research note on Tuesday, October 26th.
Shares of BancFirst stock opened at $64.28 on Tuesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market cap of $2.09 billion, a price-to-earnings ratio of 13.01 and a beta of 1.35. The firm’s 50-day moving average price is $62.63. BancFirst has a 12 month low of $53.77 and a 12 month high of $77.38.
BancFirst (NASDAQ:BANF) last announced its quarterly earnings data on Wednesday, October 20th. The bank reported $1.16 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.06). The firm had revenue of $119.98 million for the quarter, compared to the consensus estimate of $116.80 million. BancFirst had a net margin of 33.61% and a return on equity of 14.85%. On average, analysts expect that BancFirst will post 4.92 EPS for the current year.
About BancFirst
BancFirst Corp. is a bank holding company, which provides retail and commercial banking services. Its services include: commercial, real estate, agricultural and consumer lending; depository and funds transfer services; collections; safe deposit boxes; cash management services; retail brokerage services; and other services tailored for both individual and corporate customers.
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