JPMorgan Chase & Co. Increases Stock Holdings in BancFirst Corporation $BANF

JPMorgan Chase & Co. grew its stake in shares of BancFirst Corporation (NASDAQ:BANF) by 6.8% during the third quarter, Holdings Channel reports. The firm owned 123,985 shares of the bank’s stock after purchasing an additional 7,846 shares during the period. JPMorgan Chase & Co.’s holdings in BancFirst were worth $15,678,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Allworth Financial LP grew its position in shares of BancFirst by 47.5% in the 3rd quarter. Allworth Financial LP now owns 295 shares of the bank’s stock valued at $37,000 after buying an additional 95 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its position in BancFirst by 2.2% in the third quarter. Oregon Public Employees Retirement Fund now owns 4,652 shares of the bank’s stock valued at $588,000 after acquiring an additional 100 shares during the last quarter. Triton Financial Group Inc lifted its position in BancFirst by 0.7% in the third quarter. Triton Financial Group Inc now owns 14,592 shares of the bank’s stock valued at $1,845,000 after acquiring an additional 101 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in BancFirst by 26.1% in the third quarter. EverSource Wealth Advisors LLC now owns 507 shares of the bank’s stock valued at $64,000 after acquiring an additional 105 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in BancFirst by 55.0% in the third quarter. Smartleaf Asset Management LLC now owns 341 shares of the bank’s stock valued at $44,000 after acquiring an additional 121 shares in the last quarter. Hedge funds and other institutional investors own 51.72% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on BANF shares. Keefe, Bruyette & Woods raised their price objective on BancFirst from $120.00 to $123.00 and gave the stock a “market perform” rating in a report on Friday, January 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of BancFirst in a report on Monday, December 22nd. Finally, DA Davidson restated a “neutral” rating and set a $125.00 price target on shares of BancFirst in a research note on Monday, March 9th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, BancFirst currently has a consensus rating of “Hold” and an average price target of $124.00.

BancFirst Trading Up 1.4%

NASDAQ BANF opened at $108.35 on Friday. The firm’s fifty day moving average is $111.79 and its two-hundred day moving average is $114.53. BancFirst Corporation has a one year low of $97.02 and a one year high of $138.77. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market cap of $3.63 billion, a PE ratio of 15.22 and a beta of 0.65.

BancFirst (NASDAQ:BANF) last announced its earnings results on Thursday, January 22nd. The bank reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.78 by ($0.03). BancFirst had a return on equity of 13.68% and a net margin of 25.05%.The business had revenue of $181.00 million for the quarter, compared to analyst estimates of $173.76 million. Analysts expect that BancFirst Corporation will post 6.52 earnings per share for the current year.

BancFirst Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Tuesday, March 31st. BancFirst’s dividend payout ratio (DPR) is presently 27.53%.

About BancFirst

BancFirst Corporation is a regional banking holding company based in Oklahoma City, Oklahoma. As the largest state‐chartered bank in Oklahoma, BancFirst offers a comprehensive suite of financial services to individuals, businesses and government entities. Its core business activities include commercial and consumer banking, mortgage lending, treasury management, equipment financing and electronic banking solutions.

The bank operates a network of more than 60 branches across Oklahoma, serving urban centers such as Oklahoma City and Tulsa, as well as rural communities throughout the state.