Chicago Equity Partners LLC Increases Stake in BancFirst Co. (BANF)
Chicago Equity Partners LLC grew its stake in shares of BancFirst Co. (NASDAQ:BANF) by 9.5% during the second quarter, HoldingsChannel reports. The firm owned 28,440 shares of the bank’s stock after purchasing an additional 2,465 shares during the quarter. Chicago Equity Partners LLC’s holdings in BancFirst were worth $1,684,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Victory Capital Management Inc. lifted its position in BancFirst by 32.1% during the 1st quarter. Victory Capital Management Inc. now owns 5,903 shares of the bank’s stock valued at $313,000 after acquiring an additional 1,434 shares during the period. John W. Rosenthal Capital Management Inc. lifted its position in BancFirst by 1.2% during the 2nd quarter. John W. Rosenthal Capital Management Inc. now owns 109,000 shares of the bank’s stock valued at $6,453,000 after acquiring an additional 1,250 shares during the period. Maltese Capital Management LLC lifted its position in BancFirst by 700.0% during the 1st quarter. Maltese Capital Management LLC now owns 80,000 shares of the bank’s stock valued at $4,248,000 after acquiring an additional 70,000 shares during the period. Swiss National Bank lifted its position in BancFirst by 4.8% during the 1st quarter. Swiss National Bank now owns 30,518 shares of the bank’s stock valued at $1,621,000 after acquiring an additional 1,400 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in BancFirst by 0.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,139,539 shares of the bank’s stock valued at $60,510,000 after acquiring an additional 8,204 shares during the period. 33.38% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ BANF opened at $63.75 on Wednesday. BancFirst Co. has a 1 year low of $48.35 and a 1 year high of $65.70. The stock has a market cap of $2.09 billion, a P/E ratio of 20.06, a price-to-earnings-growth ratio of 1.74 and a beta of 0.67. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.03 and a quick ratio of 1.03.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Friday, September 28th will be given a dividend of $0.30 per share. This is a boost from BancFirst’s previous quarterly dividend of $0.21. This represents a $1.20 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend is Thursday, September 27th. BancFirst’s dividend payout ratio (DPR) is 30.88%.
A number of brokerages recently issued reports on BANF. BidaskClub cut shares of BancFirst from a “hold” rating to a “sell” rating in a research report on Thursday, August 30th. Zacks Investment Research cut shares of BancFirst from a “buy” rating to a “hold” rating in a research report on Wednesday, June 20th.
In other BancFirst news, insider Kevin Lawrence sold 5,000 shares of BancFirst stock in a transaction dated Monday, July 23rd. The shares were sold at an average price of $64.00, for a total value of $320,000.00. Following the completion of the transaction, the insider now directly owns 5,000 shares of the company’s stock, valued at $320,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director H E. Rainbolt bought 1,000 shares of the firm’s stock in a transaction on Friday, July 27th. The stock was purchased at an average cost of $63.25 per share, with a total value of $63,250.00. Following the completion of the acquisition, the director now directly owns 1,006 shares of the company’s stock, valued at approximately $63,629.50. The disclosure for this purchase can be found here. Company insiders own 40.14% of the company’s stock.
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. It operates through Metropolitan Banks, Community Banks, and Other Financial Services segments. The company offers checking accounts, negotiable order of withdrawal accounts, savings accounts, money market accounts, sweep accounts, club accounts, individual retirement accounts, and certificates of deposit, as well as overdraft protection and auto draft services.
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