Intech Investment Management LLC purchased a new stake in shares of BancFirst Co. (NASDAQ:BANF - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 6,374 shares of the bank's stock, valued at approximately $671,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Blue Trust Inc. increased its stake in BancFirst by 33.9% in the 3rd quarter. Blue Trust Inc. now owns 391 shares of the bank's stock worth $41,000 after purchasing an additional 99 shares during the period. Louisiana State Employees Retirement System lifted its position in shares of BancFirst by 1.4% in the 2nd quarter. Louisiana State Employees Retirement System now owns 7,300 shares of the bank's stock worth $640,000 after purchasing an additional 100 shares during the period. Arizona State Retirement System grew its holdings in shares of BancFirst by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 5,993 shares of the bank's stock worth $526,000 after acquiring an additional 112 shares during the period. Diversified Trust Co raised its holdings in BancFirst by 2.6% in the second quarter. Diversified Trust Co now owns 4,972 shares of the bank's stock worth $436,000 after purchasing an additional 128 shares in the last quarter. Finally, SummerHaven Investment Management LLC lifted its position in BancFirst by 2.3% during the 2nd quarter. SummerHaven Investment Management LLC now owns 7,943 shares of the bank's stock valued at $697,000 after acquiring an additional 175 shares during the period. 51.72% of the stock is currently owned by institutional investors.
Insider Activity at BancFirst
In related news, EVP Dennis Jay Hannah sold 10,543 shares of BancFirst stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $126.58, for a total value of $1,334,532.94. Following the sale, the executive vice president now owns 1,564 shares of the company's stock, valued at approximately $197,971.12. This trade represents a 87.08 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Main Street Banking Partners L sold 778 shares of the company's stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $110.00, for a total transaction of $85,580.00. Following the sale, the insider now directly owns 4,941,772 shares of the company's stock, valued at $543,594,920. The trade was a 0.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 160,468 shares of company stock valued at $18,656,436 over the last quarter. 33.89% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
BANF has been the topic of a number of recent research reports. StockNews.com raised BancFirst from a "sell" rating to a "hold" rating in a research note on Thursday, November 7th. DA Davidson increased their price objective on shares of BancFirst from $104.00 to $110.00 and gave the company a "neutral" rating in a research report on Monday, October 21st.
Check Out Our Latest Research Report on BANF
BancFirst Price Performance
Shares of NASDAQ:BANF traded down $1.08 during midday trading on Friday, reaching $126.28. 55,017 shares of the company were exchanged, compared to its average volume of 108,703. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.05. The stock has a market cap of $4.18 billion, a PE ratio of 20.30 and a beta of 1.02. BancFirst Co. has a one year low of $81.21 and a one year high of $132.29. The business's fifty day moving average is $113.38 and its two-hundred day moving average is $101.85.
BancFirst (NASDAQ:BANF - Get Free Report) last issued its quarterly earnings data on Thursday, October 17th. The bank reported $1.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.57 by $0.18. The business had revenue of $163.67 million for the quarter, compared to the consensus estimate of $156.70 million. BancFirst had a return on equity of 13.92% and a net margin of 23.52%. As a group, analysts predict that BancFirst Co. will post 6.37 earnings per share for the current year.
BancFirst Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.46 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.84 annualized dividend and a yield of 1.46%. BancFirst's dividend payout ratio (DPR) is presently 29.58%.
About BancFirst
(
Free Report)
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.
See Also
Before you consider BancFirst, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BancFirst wasn't on the list.
While BancFirst currently has a "Reduce" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
