JPMorgan Chase & Co. Has $25.34 Million Holdings in BancFirst Co. (BANF)
JPMorgan Chase & Co. boosted its holdings in BancFirst Co. (NASDAQ:BANF) by 102.5% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 446,497 shares of the bank’s stock after buying an additional 226,044 shares during the period. JPMorgan Chase & Co. owned 1.40% of BancFirst worth $25,339,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of BancFirst by 1.3% during the second quarter. Vanguard Group Inc. now owns 803,896 shares of the bank’s stock valued at $77,657,000 after purchasing an additional 10,658 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of BancFirst by 2.2% during the second quarter. Dimensional Fund Advisors LP now owns 552,464 shares of the bank’s stock valued at $53,369,000 after purchasing an additional 11,910 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of BancFirst by 96.1% during the third quarter. Bank of New York Mellon Corp now owns 291,173 shares of the bank’s stock valued at $16,525,000 after purchasing an additional 142,674 shares in the last quarter. Northern Trust Corp grew its position in shares of BancFirst by 1.8% during the second quarter. Northern Trust Corp now owns 255,910 shares of the bank’s stock valued at $24,719,000 after purchasing an additional 4,482 shares in the last quarter. Finally, Janus Henderson Group PLC purchased a new position in shares of BancFirst during the second quarter valued at about $22,854,000. Hedge funds and other institutional investors own 33.10% of the company’s stock.
BancFirst Co. (BANF) opened at $53.15 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.02 and a quick ratio of 1.02. BancFirst Co. has a 1-year low of $42.50 and a 1-year high of $61.05. The company has a market cap of $1,719.39, a PE ratio of 20.44, a P/E/G ratio of 1.97 and a beta of 0.56.
In other BancFirst news, EVP Darryl Schmidt sold 2,000 shares of the firm’s stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $56.10, for a total value of $112,200.00. Following the completion of the sale, the executive vice president now owns 2,000 shares of the company’s stock, valued at $112,200. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director H E. Rainbolt purchased 500 shares of the firm’s stock in a transaction dated Monday, December 11th. The shares were bought at an average cost of $53.75 per share, with a total value of $26,875.00. Following the purchase, the director now directly owns 606 shares of the company’s stock, valued at approximately $32,572.50. The disclosure for this purchase can be found here. In the last three months, insiders sold 15,200 shares of company stock valued at $852,966. 42.32% of the stock is owned by insiders.
A number of research analysts recently commented on the stock. BidaskClub downgraded shares of BancFirst from a “hold” rating to a “sell” rating in a report on Wednesday. Zacks Investment Research downgraded shares of BancFirst from a “buy” rating to a “hold” rating in a report on Tuesday, October 24th. Finally, ValuEngine downgraded shares of BancFirst from a “buy” rating to a “hold” rating in a report on Friday, September 1st.
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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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