Quantbot Technologies LP Buys Shares of 8,866 BancFirst Corporation $BANF

Quantbot Technologies LP bought a new position in BancFirst Corporation (NASDAQ:BANF) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 8,866 shares of the bank’s stock, valued at approximately $985,000.

Several other hedge funds have also modified their holdings of BANF. Quarry LP boosted its holdings in shares of BancFirst by 531.4% in the 3rd quarter. Quarry LP now owns 221 shares of the bank’s stock valued at $28,000 after buying an additional 186 shares in the last quarter. Allworth Financial LP bought a new position in shares of BancFirst during the 2nd quarter worth approximately $33,000. Kestra Advisory Services LLC bought a new position in shares of BancFirst during the 4th quarter worth approximately $41,000. EverSource Wealth Advisors LLC lifted its position in BancFirst by 957.9% during the second quarter. EverSource Wealth Advisors LLC now owns 402 shares of the bank’s stock valued at $50,000 after acquiring an additional 364 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its position in BancFirst by 108.6% during the first quarter. Advisors Asset Management Inc. now owns 559 shares of the bank’s stock valued at $61,000 after acquiring an additional 291 shares during the last quarter. 51.72% of the stock is owned by hedge funds and other institutional investors.

BancFirst Stock Up 0.6%

BANF stock opened at $111.80 on Thursday. The stock has a market capitalization of $3.76 billion, a PE ratio of 15.09 and a beta of 0.61. BancFirst Corporation has a 52 week low of $101.48 and a 52 week high of $138.77. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.04. The firm has a 50 day moving average of $114.01 and a 200 day moving average of $112.48.

BancFirst (NASDAQ:BANF) last issued its quarterly earnings results on Thursday, July 23rd. The bank reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.80 by $0.16. The business had revenue of $187.49 million for the quarter, compared to analyst estimates of $178.53 million. BancFirst had a net margin of 25.61% and a return on equity of 13.44%. Sell-side analysts forecast that BancFirst Corporation will post 7.67 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. DA Davidson reaffirmed a “neutral” rating and issued a $125.00 price target on shares of BancFirst in a report on Friday, June 12th. Zacks Research upgraded BancFirst from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Wall Street Zen raised BancFirst from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Keefe, Bruyette & Woods dropped their target price on BancFirst from $123.00 to $121.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 5th. Finally, Weiss Ratings lowered BancFirst from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $123.00.

Insider Buying and Selling at BancFirst

In related news, Director David E. Rainbolt sold 8,506 shares of the company’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $115.00, for a total value of $978,190.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders have sold 166,783 shares of company stock worth $19,366,509 over the last 90 days. 31.67% of the stock is owned by insiders.

BancFirst Company Profile

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.