BancFirst Corporation (BANF) Position Raised by Ameriprise Financial Inc.
Ameriprise Financial Inc. lifted its holdings in shares of BancFirst Corporation (NASDAQ:BANF) by 8.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 108,364 shares of the bank’s stock after buying an additional 8,677 shares during the period. Ameriprise Financial Inc. owned approximately 0.34% of BancFirst Corporation worth $10,467,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in BANF. Bank of New York Mellon Corp boosted its position in shares of BancFirst Corporation by 71.6% during the first quarter. Bank of New York Mellon Corp now owns 133,795 shares of the bank’s stock valued at $12,029,000 after buying an additional 55,811 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of BancFirst Corporation by 7.2% during the first quarter. Vanguard Group Inc. now owns 793,238 shares of the bank’s stock valued at $71,312,000 after buying an additional 53,261 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of BancFirst Corporation by 33.0% during the first quarter. AQR Capital Management LLC now owns 70,997 shares of the bank’s stock valued at $6,383,000 after buying an additional 17,624 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of BancFirst Corporation by 3.2% during the first quarter. Dimensional Fund Advisors LP now owns 540,554 shares of the bank’s stock valued at $48,597,000 after buying an additional 16,858 shares during the last quarter. Finally, Chicago Equity Partners LLC boosted its position in shares of BancFirst Corporation by 207.7% during the second quarter. Chicago Equity Partners LLC now owns 19,475 shares of the bank’s stock valued at $1,881,000 after buying an additional 13,145 shares during the last quarter. 16.69% of the stock is currently owned by institutional investors.
Shares of BancFirst Corporation (NASDAQ:BANF) opened at 58.20 on Thursday. BancFirst Corporation has a 52-week low of $34.06 and a 52-week high of $58.85. The stock has a market capitalization of $1.85 billion, a PE ratio of 22.94 and a beta of 0.57. The company’s 50 day moving average price is $53.16 and its 200 day moving average price is $49.72.
BancFirst Corporation (NASDAQ:BANF) last announced its quarterly earnings data on Thursday, July 20th. The bank reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.13. The business had revenue of $84.42 million for the quarter, compared to analyst estimates of $81.12 million. BancFirst Corporation had a return on equity of 11.35% and a net margin of 23.91%. On average, equities research analysts anticipate that BancFirst Corporation will post $2.80 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This is a positive change from BancFirst Corporation’s previous quarterly dividend of $0.19. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.44%. BancFirst Corporation’s dividend payout ratio is currently 33.14%.
In other news, Director Dave R. Lopez sold 4,366 shares of the stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $50.27, for a total value of $219,478.82. Following the transaction, the director now directly owns 4,366 shares of the company’s stock, valued at $219,478.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dave R. Lopez sold 5,373 shares of the stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $50.26, for a total value of $270,046.98. Following the completion of the transaction, the director now directly owns 4,366 shares in the company, valued at $219,435.16. The disclosure for this sale can be found here. Insiders sold 14,699 shares of company stock worth $749,476 over the last three months. Corporate insiders own 44.97% of the company’s stock.
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Several equities research analysts recently commented on the company. ValuEngine cut BancFirst Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. BidaskClub raised BancFirst Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th.
About BancFirst Corporation
BancFirst Corporation is a financial holding company. The Company conducts its operating activities through its principal subsidiary, BancFirst (the Bank), a state-chartered bank. It has four business units, which include metropolitan banks, community banks, other financial services, and executive, operations and support.
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