BancFirst Corporation $BANF Holdings Lowered by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC cut its position in shares of BancFirst Corporation (NASDAQ:BANF) by 2.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,939 shares of the bank’s stock after selling 559 shares during the quarter. Los Angeles Capital Management LLC owned 0.06% of BancFirst worth $2,588,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in BANF. Nisa Investment Advisors LLC raised its stake in BancFirst by 548.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 201 shares of the bank’s stock valued at $25,000 after purchasing an additional 170 shares during the period. Pinnacle Holdings LLC purchased a new position in BancFirst during the 1st quarter valued at about $40,000. Advisors Asset Management Inc. increased its holdings in shares of BancFirst by 108.6% in the 1st quarter. Advisors Asset Management Inc. now owns 559 shares of the bank’s stock valued at $61,000 after purchasing an additional 291 shares during the period. GAMMA Investing LLC lifted its position in shares of BancFirst by 38.1% in the second quarter. GAMMA Investing LLC now owns 804 shares of the bank’s stock worth $99,000 after purchasing an additional 222 shares in the last quarter. Finally, Meeder Asset Management Inc. acquired a new stake in shares of BancFirst during the first quarter worth approximately $181,000. Hedge funds and other institutional investors own 51.72% of the company’s stock.

Insiders Place Their Bets

In other BancFirst news, Director F Ford Drummond sold 5,000 shares of the business’s stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $126.29, for a total transaction of $631,450.00. Following the completion of the transaction, the director owned 6,000 shares of the company’s stock, valued at $757,740. The trade was a 45.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 32.43% of the stock is currently owned by corporate insiders.

BancFirst Stock Performance

BANF opened at $112.73 on Tuesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market cap of $3.75 billion, a PE ratio of 15.99 and a beta of 0.78. The stock has a 50-day moving average of $122.94 and a 200-day moving average of $124.52. BancFirst Corporation has a 52-week low of $97.02 and a 52-week high of $138.77.

BancFirst (NASDAQ:BANF) last posted its earnings results on Friday, October 17th. The bank reported $1.85 earnings per share for the quarter, missing the consensus estimate of $1.87 by ($0.02). BancFirst had a return on equity of 14.19% and a net margin of 24.94%.The company had revenue of $175.48 million during the quarter, compared to analyst estimates of $174.60 million. As a group, equities research analysts forecast that BancFirst Corporation will post 6.52 earnings per share for the current fiscal year.

BancFirst Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were issued a $0.49 dividend. This is a boost from BancFirst’s previous quarterly dividend of $0.46. The ex-dividend date was Tuesday, September 30th. This represents a $1.96 annualized dividend and a yield of 1.7%. BancFirst’s payout ratio is 27.80%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on BANF shares. DA Davidson increased their target price on shares of BancFirst from $120.00 to $136.00 and gave the stock a “neutral” rating in a research report on Monday, July 21st. Keefe, Bruyette & Woods cut their price objective on BancFirst from $132.00 to $120.00 and set a “market perform” rating for the company in a report on Monday, October 20th. Zacks Research cut BancFirst from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 16th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of BancFirst in a research report on Wednesday, October 8th. Finally, Wall Street Zen lowered BancFirst from a “hold” rating to a “sell” rating in a report on Saturday, October 25th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $128.00.

BancFirst Profile

BancFirst Corporation operates as the bank holding company for BancFirst that provides a range of commercial banking services to retail customers, and small to medium-sized businesses. The company operates through BancFirst Metropolitan Banks, BancFirst Community Banks, Pegasus, Worthington, and Other Financial Services segments.