BancFirst Co. (NASDAQ:BANF) Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its holdings in BancFirst Co. (NASDAQ:BANF - Free Report) by 40.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 101,276 shares of the bank's stock after buying an additional 29,050 shares during the period. Principal Financial Group Inc. owned approximately 0.31% of BancFirst worth $10,659,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of BancFirst during the 3rd quarter worth approximately $38,000. Blue Trust Inc. boosted its stake in BancFirst by 33.9% during the third quarter. Blue Trust Inc. now owns 391 shares of the bank's stock worth $41,000 after buying an additional 99 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its holdings in BancFirst by 64.8% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 834 shares of the bank's stock valued at $73,000 after buying an additional 328 shares in the last quarter. EntryPoint Capital LLC raised its holdings in shares of BancFirst by 56.8% during the 1st quarter. EntryPoint Capital LLC now owns 842 shares of the bank's stock worth $74,000 after acquiring an additional 305 shares during the period. Finally, Point72 DIFC Ltd acquired a new position in shares of BancFirst during the 2nd quarter valued at about $77,000. 51.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BANF has been the subject of several recent analyst reports. StockNews.com upgraded shares of BancFirst from a "sell" rating to a "hold" rating in a research report on Thursday, November 7th. DA Davidson lifted their price target 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. Finally, Piper Sandler increased their price objective on BancFirst from $84.50 to $95.00 and gave the stock an "underweight" rating in a research report on Monday, July 22nd.

Insider Buying and Selling

In other news, EVP Randy Foraker sold 2,870 shares of the company's stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $107.10, for a total transaction of $307,377.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director David E. Rainbolt sold 1,414 shares of BancFirst stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $105.58, for a total value of $149,290.12. Following the completion of the transaction, the director now owns 223,402 shares of the company's stock, valued at approximately $23,586,783.16. This trade represents a 0.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 157,107 shares of company stock valued at $17,847,219 in the last ninety days. Company insiders own 33.89% of the company's stock.

BancFirst Trading Down 0.1 %

Shares of BANF traded down $0.16 during trading on Monday, reaching $121.62. 61,447 shares of the company traded hands, compared to its average volume of 85,269. The stock has a 50-day simple moving average of $109.61 and a 200-day simple moving average of $99.56. The stock has a market cap of $4.03 billion, a PE ratio of 19.58 and a beta of 1.02. BancFirst Co. has a twelve month low of $81.21 and a twelve month high of $129.00. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.05.

BancFirst (NASDAQ:BANF - Get Free Report) last released its quarterly earnings results on Thursday, October 17th. The bank reported $1.75 EPS for the quarter, topping the consensus estimate of $1.57 by $0.18. BancFirst had a return on equity of 13.92% and a net margin of 23.52%. The business had revenue of $163.67 million during the quarter, compared to analyst estimates of $156.70 million. On average, analysts anticipate that BancFirst Co. will post 6.37 earnings per share for the current year.

BancFirst Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $0.46 dividend. This is a positive change from BancFirst's previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.84 annualized dividend and a dividend yield of 1.51%. BancFirst's dividend payout ratio (DPR) is presently 29.58%.

BancFirst Company Profile

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.