JPMorgan Chase & Co. Raises Stock Position in BancFirst Corporation $BANF

JPMorgan Chase & Co. lifted its position in BancFirst Corporation (NASDAQ:BANF) by 6.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 123,985 shares of the bank’s stock after purchasing an additional 7,846 shares during the period. JPMorgan Chase & Co. owned 0.37% of BancFirst worth $15,678,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of BANF. Norges Bank bought a new stake in BancFirst during the 2nd quarter valued at $32,326,000. American Century Companies Inc. increased its stake in shares of BancFirst by 648.6% during the second quarter. American Century Companies Inc. now owns 164,160 shares of the bank’s stock valued at $20,294,000 after buying an additional 142,232 shares during the period. Jane Street Group LLC bought a new stake in shares of BancFirst in the first quarter valued at about $3,646,000. Envestnet Asset Management Inc. lifted its stake in BancFirst by 49.4% in the third quarter. Envestnet Asset Management Inc. now owns 45,208 shares of the bank’s stock worth $5,717,000 after acquiring an additional 14,947 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in BancFirst by 14.5% during the 3rd quarter. Principal Financial Group Inc. now owns 113,346 shares of the bank’s stock worth $14,333,000 after acquiring an additional 14,333 shares in the last quarter. 51.72% of the stock is currently owned by hedge funds and other institutional investors.

BancFirst Stock Up 0.3%

NASDAQ:BANF opened at $113.37 on Wednesday. The company’s 50-day simple moving average is $112.34 and its 200-day simple moving average is $117.16. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.03 and a current ratio of 1.03. BancFirst Corporation has a fifty-two week low of $97.02 and a fifty-two week high of $138.77. The stock has a market capitalization of $3.80 billion, a P/E ratio of 15.92 and a beta of 0.65.

BancFirst (NASDAQ:BANF) last posted its earnings results on Thursday, January 22nd. The bank reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). The firm had revenue of $181.00 million for the quarter, compared to analysts’ expectations of $173.76 million. BancFirst had a net margin of 25.05% and a return on equity of 13.68%. On average, equities analysts anticipate that BancFirst Corporation will post 6.52 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on BANF shares. Keefe, Bruyette & Woods boosted their price target on shares of BancFirst from $120.00 to $123.00 and gave the company a “market perform” rating in a report on Friday, January 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of BancFirst in a report on Monday, December 22nd. One research 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, the company currently has an average rating of “Hold” and an average price target of $129.50.

BancFirst 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.