BancFirst Co. (NASDAQ:BANF) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC grew its holdings in BancFirst Co. (NASDAQ:BANF - Free Report) by 34,094.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,944 shares of the bank's stock after buying an additional 63,757 shares during the quarter. GAMMA Investing LLC owned about 0.19% of BancFirst worth $7,026,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of BancFirst by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 2,306,204 shares of the bank's stock valued at $270,241,000 after buying an additional 44,563 shares during the period. Geode Capital Management LLC lifted its holdings in shares of BancFirst by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 484,883 shares of the bank's stock valued at $56,832,000 after buying an additional 2,098 shares during the period. Norges Bank acquired a new stake in shares of BancFirst in the 4th quarter valued at approximately $26,649,000. JPMorgan Chase & Co. lifted its holdings in shares of BancFirst by 35.8% in the 4th quarter. JPMorgan Chase & Co. now owns 175,457 shares of the bank's stock valued at $20,560,000 after buying an additional 46,253 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of BancFirst by 65.7% in the 4th quarter. Invesco Ltd. now owns 109,342 shares of the bank's stock valued at $12,813,000 after buying an additional 43,336 shares during the period. 51.72% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BANF has been the subject of several research reports. Wall Street Zen raised BancFirst from a "sell" rating to a "hold" rating in a report on Monday, May 12th. Keefe, Bruyette & Woods raised BancFirst to a "hold" rating in a report on Monday, May 26th.

Insider Transactions at BancFirst

In other news, Director F Ford Drummond sold 5,000 shares of the business's stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $124.12, for a total value of $620,600.00. Following the completion of the transaction, the director now directly owns 6,000 shares of the company's stock, valued at $744,720. The trade was a 45.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Randy Foraker sold 4,000 shares of the company's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $126.61, for a total value of $506,440.00. The disclosure for this sale can be found here. Insiders own 32.43% of the company's stock.

BancFirst Stock Performance

Shares of BANF stock opened at $123.06 on Monday. The stock has a fifty day moving average price of $117.49 and a 200 day moving average price of $118.12. The stock has a market cap of $4.09 billion, a PE ratio of 19.11 and a beta of 0.79. BancFirst Co. has a 1 year low of $81.56 and a 1 year high of $132.29. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.98 and a current ratio of 0.98.

BancFirst (NASDAQ:BANF - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The bank reported $1.67 earnings per share for the quarter, topping analysts' consensus estimates of $1.58 by $0.09. BancFirst had a return on equity of 14.21% and a net margin of 23.52%. The company had revenue of $164.84 million during the quarter, compared to analysts' expectations of $161.72 million. Sell-side analysts forecast that BancFirst Co. will post 6.52 earnings per share for the current fiscal year.

BancFirst Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a $0.46 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.50%. BancFirst's dividend payout ratio (DPR) is 27.84%.

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.

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