85,178 BancFirst Corporation $BANF Shares Acquired by ProShare Advisors LLC

ProShare Advisors LLC grew its holdings in shares of BancFirst Corporation (NASDAQ:BANF) by 2,761.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 88,262 shares of the bank’s stock after purchasing an additional 85,178 shares during the period. ProShare Advisors LLC owned approximately 0.26% of BancFirst worth $9,292,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Pinnacle Wealth Planning Services Inc. raised its stake in BancFirst by 174.2% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 340 shares of the bank’s stock valued at $36,000 after buying an additional 216 shares during the last quarter. Signaturefd LLC boosted its holdings in BancFirst by 32.2% in the third quarter. Signaturefd LLC now owns 2,238 shares of the bank’s stock worth $236,000 after acquiring an additional 545 shares in the last quarter. Evergreen Capital Management LLC boosted its holdings in BancFirst by 7.5% in the third quarter. Evergreen Capital Management LLC now owns 2,549 shares of the bank’s stock worth $270,000 after acquiring an additional 178 shares in the last quarter. Quadrant Capital Group LLC grew its stake in shares of BancFirst by 10.2% in the third quarter. Quadrant Capital Group LLC now owns 3,998 shares of the bank’s stock worth $427,000 after acquiring an additional 371 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in shares of BancFirst by 32.7% in the third quarter. Nisa Investment Advisors LLC now owns 442 shares of the bank’s stock worth $47,000 after acquiring an additional 109 shares during the last quarter. 51.72% of the stock is owned by institutional investors.

BancFirst Stock Performance

BANF stock opened at $111.72 on Wednesday. The stock has a market capitalization of $3.75 billion, a PE ratio of 14.84 and a beta of 0.62. BancFirst Corporation has a 12-month low of $101.48 and a 12-month high of $122.21. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. The stock’s 50 day simple moving average is $109.32 and its 200 day simple moving average is $111.67.

BancFirst (NASDAQ:BANF) last issued its earnings results on Wednesday, October 21st. The bank reported $1.97 EPS for the quarter, beating the consensus estimate of $1.94 by $0.03. The business had revenue of $187.39 million for the quarter, compared to the consensus estimate of $187.68 million. BancFirst had a return on equity of 13.47% and a net margin of 32.44%. As a group, research analysts forecast that BancFirst Corporation will post 7.74 earnings per share for the current fiscal year.

BancFirst Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were issued a dividend of $0.52 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This is an increase from BancFirst’s previous quarterly dividend of $0.49. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.9%. BancFirst’s dividend payout ratio is currently 27.62%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on BANF shares. Weiss Ratings upgraded BancFirst from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Zacks Research cut shares of BancFirst from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 25th. Wall Street Zen cut shares of BancFirst from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Keefe, Bruyette & Woods cut their price objective on shares of BancFirst from $123.00 to $121.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, BancFirst presently has an average rating of “Hold” and an average price target of $123.00.

Insider Activity at BancFirst

In related news, Director David Rainbolt sold 8,506 shares of the stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $115.00, for a total transaction of $978,190.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 31.67% of the stock is owned by company insiders.

BancFirst Profile

BancFirst Corporation is a bank holding company headquartered in Oklahoma City, Oklahoma. Through its principal subsidiary, BancFirst, the company provides a range of banking and financial services to individuals, businesses, agricultural customers and public-sector organizations.

BancFirst’s services include checking and savings accounts, consumer and commercial loans, real estate financing, treasury management, online and mobile banking, and other deposit and lending products. The company also offers trust and wealth-management services, including investment management, fiduciary services and retirement-related solutions.

BancFirst serves customers through a statewide network of banking locations and electronic banking channels, with a focus on communities throughout Oklahoma.