Advantage Alpha Capital Partners LP Cuts Position in BancFirst Corporation $BANF

Key Points

• Advantage Alpha Capital Partners LP has reduced its stake in BancFirst Corporation by 60.8%, owning only 2,279 shares after selling 3,533 during the first quarter.
• Several institutional investors have made changes in their holdings of BancFirst, with companies like Pinnacle Holdings LLC and GAMMA Investing LLC purchasing new positions, as overall 51.72% of the stock is now owned by such investors.
• Wall Street analysts have generally upgraded BancFirst's outlook, with a consensus rating of "Hold" and a price target increase from $120 to an average of $134.00.

Advantage Alpha Capital Partners LP trimmed its stake in BancFirst Corporation (NASDAQ:BANF - Free Report) by 60.8% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 2,279 shares of the bank's stock after selling 3,533 shares during the period. Advantage Alpha Capital Partners LP's holdings in BancFirst were worth $250,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in BANF. Hsbc Holdings PLC boosted its holdings in shares of BancFirst by 4.4% in the 1st quarter. Hsbc Holdings PLC now owns 2,419 shares of the bank's stock valued at $265,000 after buying an additional 101 shares in the last quarter. SummerHaven Investment Management LLC boosted its holdings in shares of BancFirst by 1.4% in the 1st quarter. SummerHaven Investment Management LLC now owns 8,839 shares of the bank's stock valued at $971,000 after buying an additional 121 shares in the last quarter. Capstone Triton Financial Group LLC boosted its holdings in shares of BancFirst by 1.1% in the 4th quarter. Capstone Triton Financial Group LLC now owns 13,403 shares of the bank's stock valued at $1,571,000 after buying an additional 145 shares in the last quarter. Stifel Financial Corp boosted its holdings in shares of BancFirst by 0.4% in the 4th quarter. Stifel Financial Corp now owns 38,005 shares of the bank's stock valued at $4,453,000 after buying an additional 155 shares in the last quarter. Finally, HighTower Advisors LLC boosted its holdings in shares of BancFirst by 5.6% in the 1st quarter. HighTower Advisors LLC now owns 3,086 shares of the bank's stock valued at $339,000 after buying an additional 165 shares in the last quarter. 51.72% of the stock is owned by hedge funds and other institutional investors.

BancFirst Stock Performance

Shares of BANF stock traded down $0.13 during mid-day trading on Thursday, hitting $133.73. The stock had a trading volume of 48,071 shares, compared to its average volume of 113,475. BancFirst Corporation has a fifty-two week low of $97.02 and a fifty-two week high of $137.40. The firm has a market cap of $4.45 billion, a PE ratio of 19.24 and a beta of 0.76. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.01 and a quick ratio of 1.01. The company's 50-day simple moving average is $126.74 and its 200-day simple moving average is $120.09.

BancFirst (NASDAQ:BANF - Get Free Report) last released its earnings results on Thursday, July 17th. The bank reported $1.85 EPS for the quarter, topping the consensus estimate of $1.67 by $0.18. BancFirst had a net margin of 24.94% and a return on equity of 14.16%. The company had revenue of $169.30 million during the quarter, compared to analysts' expectations of $163.62 million. Sell-side analysts anticipate that BancFirst Corporation will post 6.52 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BANF. Keefe, Bruyette & Woods upped their target price on shares of BancFirst from $123.00 to $132.00 and gave the company a "market perform" rating in a report on Friday, July 18th. Wall Street Zen upgraded shares of BancFirst from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. Finally, DA Davidson upped their price target on shares of BancFirst from $120.00 to $136.00 and gave the company a "neutral" rating in a research report on Monday, July 21st. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $134.00.

Insider Activity at BancFirst

In other news, Director F Ford Drummond sold 5,000 shares of the firm's stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $126.29, for a total value of $631,450.00. Following the completion of the sale, the director owned 6,000 shares in the company, valued at approximately $757,740. This trade represents a 45.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 32.43% of the company's stock.

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.