BancFirst Corporation $BANF Shares Bought by Public Sector Pension Investment Board

Public Sector Pension Investment Board grew its stake in shares of BancFirst Corporation (NASDAQ:BANF) by 18.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 80,535 shares of the bank’s stock after acquiring an additional 12,535 shares during the period. Public Sector Pension Investment Board owned about 0.24% of BancFirst worth $10,184,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Oregon Public Employees Retirement Fund increased its stake in BancFirst by 2.2% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 4,652 shares of the bank’s stock valued at $588,000 after purchasing an additional 100 shares in the last quarter. Triton Financial Group Inc increased its position in shares of 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 buying an additional 101 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of 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 buying an additional 121 shares in the last quarter. Bank of Montreal Can raised its stake in shares of BancFirst by 2.8% during the 2nd quarter. Bank of Montreal Can now owns 4,926 shares of the bank’s stock worth $609,000 after buying an additional 134 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of BancFirst by 17.9% in the 3rd quarter. GAMMA Investing LLC now owns 948 shares of the bank’s stock worth $120,000 after buying an additional 144 shares in the last quarter. Hedge funds and other institutional investors own 51.72% of the company’s stock.

Analyst Upgrades and Downgrades

BANF has been the subject of a number of recent research reports. Wall Street Zen cut shares of BancFirst from a “hold” rating to a “sell” rating in a research note on Saturday, October 25th. Weiss Ratings restated a “buy (b)” rating on shares of BancFirst in a research report on Monday, December 22nd. Finally, Keefe, Bruyette & Woods increased their price objective on BancFirst from $120.00 to $123.00 and gave the company a “market perform” rating in a research note on Friday, January 23rd. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, BancFirst presently has a consensus rating of “Hold” and an average price target of $129.50.

BancFirst Price Performance

BANF stock opened at $117.68 on Tuesday. The stock has a market capitalization of $3.92 billion, a price-to-earnings ratio of 16.53 and a beta of 0.66. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.05. BancFirst Corporation has a 52-week low of $97.02 and a 52-week high of $138.77. The stock’s fifty day simple moving average is $111.91 and its 200-day simple moving average is $117.85.

BancFirst (NASDAQ:BANF) last released 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 13.93% and a net margin of 25.13%.The business had revenue of $181.00 million for the quarter, compared to analysts’ expectations of $173.76 million. Equities research analysts expect that BancFirst Corporation will post 6.52 EPS for the current year.

BancFirst Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were given a dividend of $0.49 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $1.96 annualized dividend and a yield of 1.7%. BancFirst’s dividend payout ratio is 27.53%.

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.