Edgestream Partners L.P. Lowers Stock Position in BancFirst Corporation $BANF

Edgestream Partners L.P. trimmed its holdings in BancFirst Corporation (NASDAQ:BANF) by 2.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 58,854 shares of the bank’s stock after selling 1,537 shares during the quarter. Edgestream Partners L.P. owned approximately 0.18% of BancFirst worth $7,276,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Lido Advisors LLC purchased a new stake in shares of BancFirst in the second quarter valued at about $1,026,000. Norges Bank acquired a new position in BancFirst in the 2nd quarter valued at about $32,326,000. Hsbc Holdings PLC increased its position in BancFirst by 37.6% in the 2nd quarter. Hsbc Holdings PLC now owns 3,329 shares of the bank’s stock valued at $414,000 after acquiring an additional 910 shares during the period. Advisors Asset Management Inc. raised its stake in BancFirst by 49.9% during the 2nd quarter. Advisors Asset Management Inc. now owns 838 shares of the bank’s stock valued at $104,000 after acquiring an additional 279 shares during the last quarter. Finally, Prudential Financial Inc. lifted its position in BancFirst by 6.8% during the 2nd quarter. Prudential Financial Inc. now owns 20,702 shares of the bank’s stock worth $2,559,000 after acquiring an additional 1,327 shares during the period. 51.72% of the stock is owned by hedge funds and other institutional investors.

BancFirst Stock Up 0.1%

Shares of NASDAQ BANF opened at $110.98 on Tuesday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.05. The firm has a 50-day moving average price of $116.07 and a 200 day moving average price of $123.25. BancFirst Corporation has a 52 week low of $97.02 and a 52 week high of $138.77. The stock has a market capitalization of $3.70 billion, a price-to-earnings ratio of 15.74 and a beta of 0.78.

BancFirst (NASDAQ:BANF) last announced its quarterly earnings results on Friday, October 17th. The bank reported $1.85 EPS for the quarter, missing the consensus estimate of $1.87 by ($0.02). The firm had revenue of $175.48 million for the quarter, compared to analysts’ expectations of $174.60 million. BancFirst had a return on equity of 14.19% and a net margin of 24.94%. Equities research analysts anticipate that BancFirst Corporation will post 6.52 EPS for the current fiscal year.

BancFirst Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be given a $0.49 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.8%. BancFirst’s dividend payout ratio (DPR) is currently 27.80%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Wall Street Zen lowered BancFirst from a “hold” rating to a “sell” rating in a report on Saturday, October 25th. Zacks Research cut shares of BancFirst from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 16th. Keefe, Bruyette & Woods cut their price objective on shares of BancFirst from $132.00 to $120.00 and set a “market perform” rating for the company in a research report on Monday, October 20th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of BancFirst in a report on Tuesday, November 25th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, BancFirst currently has a consensus rating of “Hold” and an average target price 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.