Rhumbline Advisers Sells 14,116 Shares of BancFirst Corporation $BANF

Rhumbline Advisers reduced its stake in shares of BancFirst Corporation (NASDAQ:BANF) by 18.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,539 shares of the bank’s stock after selling 14,116 shares during the quarter. Rhumbline Advisers’ holdings in BancFirst were worth $7,655,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund raised its holdings in BancFirst by 2.2% in the third quarter. Oregon Public Employees Retirement Fund now owns 4,652 shares of the bank’s stock worth $588,000 after purchasing an additional 100 shares in the last quarter. Triton Financial Group Inc raised its stake in shares of BancFirst by 0.7% during the 3rd quarter. Triton Financial Group Inc now owns 14,592 shares of the bank’s stock worth $1,845,000 after acquiring an additional 101 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in BancFirst by 55.0% during the third quarter. Smartleaf Asset Management LLC now owns 341 shares of the bank’s stock valued at $44,000 after acquiring an additional 121 shares during the last quarter. Bank of Montreal Can boosted its stake in BancFirst by 2.8% in the second quarter. Bank of Montreal Can now owns 4,926 shares of the bank’s stock valued at $609,000 after acquiring an additional 134 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in BancFirst by 17.9% in the third quarter. GAMMA Investing LLC now owns 948 shares of the bank’s stock worth $120,000 after purchasing an additional 144 shares during the last quarter. Hedge funds and other institutional investors own 51.72% of the company’s stock.

BancFirst Price Performance

NASDAQ BANF opened at $116.76 on Friday. The company has a market cap of $3.89 billion, a price-to-earnings ratio of 16.40 and a beta of 0.66. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.02 and a quick ratio of 1.02. The stock’s fifty day moving average price is $112.27 and its 200 day moving average price is $117.70. BancFirst Corporation has a 1 year low of $97.02 and a 1 year high of $138.77.

BancFirst (NASDAQ:BANF) last posted its quarterly earnings results on Thursday, January 22nd. The bank reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.78 by ($0.03). BancFirst had a net margin of 25.13% and a return on equity of 13.93%. The firm had revenue of $181.00 million for the quarter, compared to analysts’ expectations of $173.76 million. As a group, equities research analysts forecast that BancFirst Corporation will post 6.52 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on BANF shares. Wall Street Zen lowered BancFirst from a “hold” rating to a “sell” rating in a report on Saturday, October 25th. Keefe, Bruyette & Woods upped their target price on BancFirst from $120.00 to $123.00 and gave the company a “market perform” rating in a research report on Friday, January 23rd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of BancFirst in a report on Monday, December 22nd. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $129.50.

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.