BancFirst Trust & Investment Management Sells 3,030 Shares of BancFirst Corporation $BANF

BancFirst Trust & Investment Management decreased its holdings in shares of BancFirst Corporation (NASDAQ:BANF) by 0.3% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 879,515 shares of the bank’s stock after selling 3,030 shares during the period. BancFirst makes up approximately 50.9% of BancFirst Trust & Investment Management’s investment portfolio, making the stock its largest holding. BancFirst Trust & Investment Management’s holdings in BancFirst were worth $109,948,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pinnacle Holdings LLC acquired a new position in BancFirst during the 1st quarter worth approximately $40,000. Advisors Asset Management Inc. grew 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 worth $61,000 after acquiring an additional 291 shares during the period. GAMMA Investing LLC grew its holdings in shares of BancFirst by 211.2% in the 1st quarter. GAMMA Investing LLC now owns 582 shares of the bank’s stock worth $64,000 after acquiring an additional 395 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in shares of BancFirst in the 4th quarter worth approximately $135,000. Finally, Meeder Asset Management Inc. acquired a new stake in shares of BancFirst in the 1st quarter worth approximately $181,000. Institutional investors and hedge funds own 51.72% of the company’s stock.

BancFirst Price Performance

Shares of NASDAQ:BANF opened at $133.54 on Friday. The business’s fifty day moving average price is $128.89 and its two-hundred day moving average price is $121.33. The stock has a market cap of $4.45 billion, a PE ratio of 19.21 and a beta of 0.79. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.01 and a current ratio of 1.01. BancFirst Corporation has a one year low of $97.02 and a one year high of $138.77.

BancFirst (NASDAQ:BANF) last announced its earnings results on Thursday, July 17th. The bank reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.67 by $0.18. BancFirst had a return on equity of 14.16% and a net margin of 24.94%.The firm had revenue of $169.30 million for the quarter, compared to analysts’ expectations of $163.62 million. On average, analysts forecast that BancFirst Corporation will post 6.52 EPS for the current fiscal year.

BancFirst Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.49 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.5%. This is a boost from BancFirst’s previous quarterly dividend of $0.46. BancFirst’s dividend payout ratio is currently 26.47%.

Insider Buying and Selling at BancFirst

In related news, Director F Ford Drummond sold 5,000 shares of the stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $126.29, for a total value of $631,450.00. Following the transaction, the director directly owned 6,000 shares of the company’s stock, valued at approximately $757,740. This trade represents a 45.45% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 32.43% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on BANF shares. Keefe, Bruyette & Woods upped their price target on BancFirst from $123.00 to $132.00 and gave the stock a “market perform” rating in a report on Friday, July 18th. DA Davidson upped their price target on BancFirst from $120.00 to $136.00 and gave the stock a “neutral” rating in a report on Monday, July 21st. Finally, Wall Street Zen upgraded BancFirst from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, BancFirst presently has an average rating of “Hold” and a consensus price target of $134.00.

About BancFirst

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.