9,801 Shares in BancFirst Corporation $BANF Purchased by Mitchell & Pahl Private Wealth LLC

Key Points

• Mitchell & Pahl Private Wealth LLC bought a new stake of 9,801 shares in BancFirst (NASDAQ:BANF) during Q4, valued at about $1.04 million, as institutional ownership in the stock stands at roughly 51.72% with other large investors (e.g., Norges Bank, American Century) also adding positions.
• Analysts carry a consensus rating of Hold with a consensus price target of $124; recent research includes Keefe Bruyette & Woods raising its target to $123 and Weiss Ratings cutting its rating to a hold.
• BancFirst declared a quarterly dividend of $0.49 (annualized $1.96, yield ~1.8%), ex-dividend March 31 and payable April 15, while the company posted a slight quarterly EPS miss of $1.75 versus $1.78 expected.

Mitchell & Pahl Private Wealth LLC purchased a new stake in shares of BancFirst Corporation (NASDAQ:BANF - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 9,801 shares of the bank's stock, valued at approximately $1,039,000.

Other large investors have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its stake in BancFirst by 49.4% during the third quarter. Envestnet Asset Management Inc. now owns 45,208 shares of the bank's stock worth $5,717,000 after buying an additional 14,947 shares in the last quarter. Norges Bank bought a new stake in BancFirst in the 2nd quarter valued at $32,326,000. American Century Companies Inc. raised its stake in shares of BancFirst by 648.6% in the 2nd quarter. American Century Companies Inc. now owns 164,160 shares of the bank's stock valued at $20,294,000 after buying an additional 142,232 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of BancFirst by 14.5% in the 3rd quarter. Principal Financial Group Inc. now owns 113,346 shares of the bank's stock valued at $14,333,000 after buying an additional 14,333 shares in the last quarter. Finally, Clark Capital Management Group Inc. lifted its holdings in shares of BancFirst by 37.6% during the 3rd quarter. Clark Capital Management Group Inc. now owns 62,605 shares of the bank's stock worth $7,916,000 after acquiring an additional 17,092 shares during the period. Institutional investors and hedge funds own 51.72% of the company's stock.

Analyst Ratings Changes

BANF has been the topic of several recent research reports. Keefe, Bruyette & Woods lifted their target price on shares of BancFirst from $120.00 to $123.00 and gave the company a "market perform" rating in a research report on Friday, January 23rd. DA Davidson reissued a "neutral" rating and issued a $125.00 price target on shares of BancFirst in a research report on Monday, March 9th. Finally, Weiss Ratings cut shares of BancFirst from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday. Four research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $124.00.

BancFirst Stock Performance

BancFirst stock opened at $106.72 on Monday. The firm has a market capitalization of $3.58 billion, a P/E ratio of 14.99 and a beta of 0.65. The stock has a fifty day moving average price of $111.66 and a two-hundred day moving average price of $114.05. BancFirst Corporation has a 52-week low of $97.02 and a 52-week high of $138.77. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.03 and a quick ratio of 1.03.

BancFirst (NASDAQ:BANF - Get Free Report) last issued its earnings results on Thursday, January 22nd. The bank reported $1.75 EPS for the quarter, missing the consensus estimate of $1.78 by ($0.03). The firm had revenue of $181.00 million during the quarter, compared to analyst estimates of $173.76 million. BancFirst had a net margin of 25.05% and a return on equity of 13.68%. As a group, analysts anticipate that BancFirst Corporation will post 6.52 EPS for the current fiscal year.

BancFirst Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a $0.49 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $1.96 dividend on an annualized basis and a yield of 1.8%. BancFirst's payout ratio is 27.53%.

BancFirst 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.

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