Quantinno Capital Management LP Grows Stake in BancFirst Corporation $BANF

Quantinno Capital Management LP boosted its position in shares of BancFirst Corporation (NASDAQ:BANF) by 377.1% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 23,482 shares of the bank’s stock after acquiring an additional 18,560 shares during the quarter. Quantinno Capital Management LP’s holdings in BancFirst were worth $2,548,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Quarry LP boosted its position in BancFirst by 531.4% in the third quarter. Quarry LP now owns 221 shares of the bank’s stock worth $28,000 after purchasing an additional 186 shares during the last quarter. Eagle Bay Advisors LLC bought a new position in shares of BancFirst in the 4th quarter worth approximately $40,000. Kestra Advisory Services LLC bought a new position in shares of BancFirst in the 4th quarter worth approximately $41,000. EverSource Wealth Advisors LLC boosted its holdings in shares of BancFirst by 957.9% in the second quarter. EverSource Wealth Advisors LLC now owns 402 shares of the bank’s stock worth $50,000 after buying an additional 364 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its position in BancFirst by 108.6% during the first quarter. Advisors Asset Management Inc. now owns 559 shares of the bank’s stock valued at $61,000 after buying an additional 291 shares during the period. Institutional investors own 51.72% of the company’s stock.

Insider Buying and Selling at BancFirst

In related news, Director David E. Rainbolt sold 81,492 shares of the company’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $116.71, for a total value of $9,510,931.32. Following the completion of the transaction, the director owned 55,551 shares of the company’s stock, valued at approximately $6,483,357.21. This represents a 59.46% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In the last 90 days, insiders have sold 158,277 shares of company stock worth $18,388,319. 31.67% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have commented on the stock. Weiss Ratings cut shares of BancFirst from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, July 16th. DA Davidson reiterated a “neutral” rating and set a $125.00 price target on shares of BancFirst in a research note on Friday, June 12th. Keefe, Bruyette & Woods cut their price objective on shares of BancFirst from $123.00 to $121.00 and set a “market perform” rating for the company in a research report on Wednesday, August 5th. Wall Street Zen upgraded BancFirst from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Finally, Zacks Research upgraded BancFirst from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $123.00.

BancFirst Stock Performance

Shares of NASDAQ:BANF opened at $113.01 on Monday. The stock has a 50 day moving average of $113.54 and a 200 day moving average of $112.34. The company has a market cap of $3.80 billion, a PE ratio of 15.25 and a beta of 0.61. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.05. BancFirst Corporation has a 12-month low of $101.48 and a 12-month high of $138.77.

BancFirst (NASDAQ:BANF) last released its earnings results on Thursday, July 23rd. The bank reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.80 by $0.16. BancFirst had a net margin of 31.96% and a return on equity of 13.64%. The company had revenue of $187.49 million for the quarter, compared to analysts’ expectations of $178.53 million. As a group, equities research analysts expect that BancFirst Corporation will post 7.67 EPS for the current year.

BancFirst Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Tuesday, June 30th. BancFirst’s dividend payout ratio (DPR) is presently 26.45%.

BancFirst Company 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.