SG Americas Securities LLC Sells 19,902 Shares of BancFirst Corporation $BANF

SG Americas Securities LLC trimmed its stake in BancFirst Corporation (NASDAQ:BANF) by 40.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,455 shares of the bank’s stock after selling 19,902 shares during the quarter. SG Americas Securities LLC owned approximately 0.09% of BancFirst worth $3,641,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Nisa Investment Advisors LLC boosted its position in BancFirst by 548.4% during the second quarter. Nisa Investment Advisors LLC now owns 201 shares of the bank’s stock worth $25,000 after purchasing an additional 170 shares during the period. Pinnacle Holdings LLC bought a new position in BancFirst in the 1st quarter worth about $40,000. Advisors Asset Management Inc. raised its stake in BancFirst by 108.6% in the first quarter. Advisors Asset Management Inc. now owns 559 shares of the bank’s stock valued at $61,000 after purchasing an additional 291 shares in the last quarter. GAMMA Investing LLC raised its position in shares of BancFirst by 38.1% during the 2nd quarter. GAMMA Investing LLC now owns 804 shares of the bank’s stock valued at $99,000 after buying an additional 222 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its stake in BancFirst by 2,076.1% during the second quarter. Parkside Financial Bank & Trust now owns 1,001 shares of the bank’s stock worth $124,000 after purchasing an additional 955 shares during the last quarter. Institutional investors own 51.72% of the company’s stock.

Analyst Upgrades and Downgrades

BANF has been the subject of a number of research reports. 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 note on Monday, October 20th. Wall Street Zen downgraded BancFirst from a “hold” rating to a “sell” rating in a report on Saturday, October 25th. Zacks Research cut BancFirst from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 16th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of BancFirst in a research note on Thursday, November 13th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $128.00.

BancFirst Price Performance

Shares of BANF opened at $107.65 on Wednesday. The firm has a fifty day simple moving average of $120.03 and a two-hundred day simple moving average of $124.15. The firm has a market cap of $3.59 billion, a PE ratio of 15.27 and a beta of 0.78. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.05. BancFirst Corporation has a 1-year low of $97.02 and a 1-year high of $138.77.

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

BancFirst Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Tuesday, September 30th. This is an increase from BancFirst’s previous quarterly dividend of $0.46. BancFirst’s payout ratio is currently 27.80%.

About BancFirst

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.