Tectonic Advisors LLC Has $1.64 Million Holdings in BancFirst Corporation (NASDAQ:BANF)

Tectonic Advisors LLC increased its position in shares of BancFirst Corporation (NASDAQ:BANF - Free Report) by 30.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,885 shares of the bank's stock after acquiring an additional 3,502 shares during the quarter. Tectonic Advisors LLC's holdings in BancFirst were worth $1,635,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of BANF. Norges Bank bought a new position in BancFirst in the fourth quarter valued at approximately $26,649,000. Raymond James Financial Inc. bought a new position in BancFirst in the fourth quarter valued at approximately $11,958,000. GAMMA Investing LLC lifted its stake in BancFirst by 34,094.7% in the first quarter. GAMMA Investing LLC now owns 63,944 shares of the bank's stock valued at $7,026,000 after buying an additional 63,757 shares in the last quarter. Edgestream Partners L.P. bought a new position in BancFirst in the first quarter valued at approximately $6,635,000. Finally, JPMorgan Chase & Co. lifted its stake in BancFirst by 35.8% in the fourth 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 in the last quarter. Institutional investors own 51.72% of the company's stock.

BancFirst Stock Up 3.1%

Shares of BANF stock traded up $4.02 during trading on Friday, reaching $135.30. The company's stock had a trading volume of 231,451 shares, compared to its average volume of 114,795. The business has a fifty day moving average price of $125.28 and a 200-day moving average price of $118.39. 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 company has a market cap of $4.50 billion, a price-to-earnings ratio of 20.47 and a beta of 0.77. BancFirst Corporation has a one year low of $95.78 and a one year high of $137.40.

BancFirst (NASDAQ:BANF - Get Free Report) last issued its earnings results on Thursday, July 17th. The bank reported $1.85 earnings per share for the quarter, topping analysts' consensus estimates of $1.67 by $0.18. The business had revenue of $169.30 million for the quarter, compared to the consensus estimate of $163.62 million. BancFirst had a net margin of 24.05% and a return on equity of 13.90%. Analysts anticipate that BancFirst Corporation will post 6.52 earnings per share for the current year.

BancFirst Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were issued a $0.46 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.84 annualized dividend and a dividend yield of 1.36%. BancFirst's dividend payout ratio is currently 27.84%.

Insider Buying and Selling at BancFirst

In other BancFirst news, Director F Ford Drummond sold 5,000 shares of the company's stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $124.12, for a total value of $620,600.00. Following the transaction, the director directly owned 6,000 shares in the company, valued at $744,720. The trade was a 45.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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 transaction of $506,440.00. The disclosure for this sale can be found here. 32.43% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on BANF. Keefe, Bruyette & Woods lifted their price target on shares of BancFirst from $123.00 to $132.00 and gave the company a "market perform" rating in a research note on Friday. Wall Street Zen raised shares of BancFirst from a "sell" rating to a "hold" rating in a research report on Monday, May 12th.

BancFirst 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.