New York State Common Retirement Fund Has $1.68 Million Holdings in BancFirst Corporation (NASDAQ:BANF)

New York State Common Retirement Fund increased its holdings in BancFirst Corporation (NASDAQ:BANF - Free Report) by 40.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 15,286 shares of the bank's stock after buying an additional 4,400 shares during the period. New York State Common Retirement Fund's holdings in BancFirst were worth $1,679,000 as of its most recent filing with the SEC.

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

BancFirst Trading Down 0.2%

Shares of BANF stock traded down $0.22 during trading hours on Friday, reaching $126.63. 67,341 shares of the stock traded hands, compared to its average volume of 173,875. BancFirst Corporation has a 1-year low of $95.78 and a 1-year high of $137.40. The business has a fifty day moving average price of $125.65 and a 200 day moving average price of $118.96. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $4.21 billion, a PE ratio of 18.22 and a beta of 0.77.

BancFirst (NASDAQ:BANF - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The bank reported $1.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.67 by $0.18. BancFirst had a net margin of 24.05% and a return on equity of 14.38%. The business had revenue of $169.30 million for the quarter, compared to analyst estimates of $163.62 million. On average, equities research analysts forecast that BancFirst Corporation will post 6.52 EPS for the current year.

BancFirst Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date was Monday, June 30th. BancFirst's payout ratio is presently 26.47%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Wall Street Zen upgraded shares of BancFirst from a "sell" rating to a "hold" rating in a research report on Saturday. Keefe, Bruyette & Woods boosted their price target on shares of BancFirst from $123.00 to $132.00 and gave the stock a "market perform" rating in a research report on Friday, July 18th. Finally, DA Davidson boosted their price target on shares of BancFirst from $120.00 to $136.00 and gave the stock a "neutral" rating in a research report on Monday, July 21st.

Insider Buying and Selling

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

About BancFirst

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.