An Analysis of BancFirst Corporation (BANF)’s Potential Price Growth

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In a filing, BancFirst Corporation revealed its Executive Vice President SCHMIDT DARRYL acquired Company’s shares for reported $9363.0 on Jul 24. In the deal valued at $100.67 per share,93 shares were bought. As a result of this transaction, SCHMIDT DARRYL now holds 48,481 shares worth roughly $ 4.75 million.

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Then, SCHMIDT DARRYL bought 20 shares, generating $2,013 in total proceeds. Upon buying the shares at $100.67, the Executive Vice President now owns 5,047 shares.

Before that, Roberson Robin Noel sold 5,000 shares. BancFirst Corporation shares valued at $471,494 were divested by the Director at a price of $94.30 per share. As a result of the transaction, Roberson Robin Noel now holds 0 shares, worth roughly $0.0.

Piper Sandler downgraded its BancFirst Corporation [BANF] rating to an Underweight from a a Neutral in a research note published on Friday, May 06, 2022; the price target was decreased to $79 from $87. PT values the company’s stock at a premium of -24.0 to its Friday closing price.

Price Performance Review of BANF

On Friday, BancFirst Corporation [NASDAQ:BANF] saw its stock jump 2.49% to $97.96. On the same session, the stock had its day’s lowest price of $94.93, but rose to a high of $97.97. Over the last five days, the stock has gained 2.47%. BancFirst Corporation shares have risen nearly 11.09% since the year began. Nevertheless, the stocks have fallen -9.18% over the past one year. While a 52-week high of $108.32 was reached on 07/21/23, a 52-week low of $68.44 was recorded on 05/04/23. SMA at 50 days reached $96.67, while 200 days put it at $89.38. A total of 56746.0 shares were traded, compared to the trading of 65200.0 shares in the previous session.

Levels Of Support And Resistance For BANF Stock

The 24-hour chart illustrates a support level at 95.94, which if violated will result in even more drops to 93.91. On the upside, there is a resistance level at 98.98. A further resistance level may holdings at 99.99. The Relative Strength Index (RSI) on the 14-day chart is 54.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.39, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 4.76%. Stochastics %K at 59.88% indicates the stock is a holding.

How much short interest is there in BancFirst Corporation?

A steep rise in short interest was recorded in BancFirst Corporation stocks on Aug 14, 2023, growing by 18470.0 shares to a total of 0.67 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 0.66 million shares. There was a rise of 2.74%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 4.01% of the overall stock float, the days-to-cover ratio (short ratio) rose to 10.36.

BancFirst Corporation [BANF] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 2,764,016 shares, or roughly 8.40% of the outstanding BANF shares. In other words, the investor’s shares have risen by 104,515 from its previous 13-F filing of 2659501.0. Additionally, Kayne Anderson Rudnick Investment decreased -1.18% of its stake after which the total value it holdings stand at $220,505,474, while The Vanguard Group, Inc. reduced -0.71% of its stake to hold $217.38 million in the firm. Over the last quarter, BancFirst sold -6,370 shares of BancFirst Corporation, while Dimensional Fund Advisors LP sold 29,182 shares. At present, SSgA Funds Management, Inc. is holding 815,665 shares valued at $81.48 million. Champlain Investment Partners LLC owned 545,245 shares of the company at the time of its most recent 13F filing, worth $54.47 million.

According to FactSet, BancFirst Corporation’s share price will average $88.25 in the next year, based on opinions of analysts polled by the firm. This is down nearly -7.93 percent from its previous closing price of $95.58. Analysts expect BancFirst Corporation stock to reach the higher price of $95.00, while the lowest price estimate is $82.00. However, 4 analysts have rated BANF stock as an Underweight in their predictions for 2023.

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