The stock of BancFirst Corporation (NASDAQ:BANF) hit a new 52-week high and has $109.48 target or 42.00% above today’s $77.10 share price. The 9 months bullish chart indicates low risk for the $1.23B company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $109.48 price target is reached, the company will be worth $516.60M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 18,836 shares traded hands. BancFirst Corporation (NASDAQ:BANF) has risen 31.85% since April 7, 2016 and is uptrending. It has outperformed by 27.07% 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 2016 Q2. Its up 0.05, from 1.67 in 2016Q1. The ratio improved, 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.
Natl Bank Of Montreal Can holds 0% of its portfolio in BancFirst Corporation (NASDAQ:BANF) for 13,494 shares. Gsa Cap Llp accumulated 0.03% or 7,757 shares. Envestnet Asset Mgmt Inc accumulated 0% or 1,577 shares. Blackrock Fund Advsr last reported 0% of its portfolio in the stock. Alliancebernstein Lp reported 7,700 shares or 0% of all its holdings. Moreover, Invesco Ltd has 0% invested in BancFirst Corporation (NASDAQ:BANF) for 9,500 shares. Moreover, Wells Fargo Mn has 0% invested in BancFirst Corporation (NASDAQ:BANF) for 8,670 shares. Tiaa Cref Mgmt Ltd Liability Company reported 27,217 shares or 0% of all its holdings. Ameriprise Financial has invested 0.01% of its portfolio in BancFirst Corporation (NASDAQ:BANF). Federated Pa has 0% invested in the company for 362 shares. Northern Trust accumulated 0% or 251,644 shares. Cs Mckee L P has 11,250 shares for 0.03% of their US portfolio. Suntrust Banks accumulated 0% or 3,942 shares. Manufacturers Life Insurance The has 0% invested in the company for 5,193 shares. Cap One Association holds 0.03% of its portfolio in BancFirst Corporation (NASDAQ:BANF) for 7,034 shares.
Insider Transactions: Since June 2, 2016, the stock had 0 insider buys, and 22 insider sales for $5.23 million net activity. 1,250 shares were sold by Westman David, worth $89,375. Another trade for 5,850 shares valued at $392,005 was sold by Harlow David R. $330,513 worth of BancFirst Corporation (NASDAQ:BANF) shares were sold by SCHMIDT DARRYL. BRAND DENNIS L had sold 6,250 shares worth $448,811 on Monday, October 24. Another trade for 625 shares valued at $41,499 was made by Weast Jennifer C on Monday, August 1. Shares for $330,645 were sold by Starks Ken. COPELAND SCOTT also sold $265,600 worth of BancFirst Corporation (NASDAQ:BANF) on Friday, August 5.
More notable 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 with their article: “BRIEF-Bancfirst Corporation reports third quarter earnings” published on October 20, 2016, Prnewswire.com published: “BancFirst Corporation Announces Agreement To Acquire CSB Bancshares Inc.” on July 14, 2015. More interesting news about BancFirst Corporation (NASDAQ:BANF) were released by: Prnewswire.com and their article: “BancFirst Corporation Announces Acquisition Of CSB Bancshares, Inc.” published on October 08, 2015 as well as Equitiesfocus.com‘s news article titled: “Quarterly EPS Estimate Of $1.08 For BancFirst Corporation (NASDAQ:BANF)” with publication date: November 09, 2016.
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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