Denali Advisors LLC grew its stake in BancFirst Corporation (NASDAQ:BANF - Free Report) by 56.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,721 shares of the bank's stock after purchasing an additional 13,921 shares during the period. Denali Advisors LLC owned about 0.12% of BancFirst worth $4,254,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. SummerHaven Investment Management LLC boosted its position in shares of BancFirst by 1.4% during the 1st quarter. SummerHaven Investment Management LLC now owns 8,839 shares of the bank's stock valued at $971,000 after acquiring an additional 121 shares in the last quarter. Summit Investment Advisors Inc. boosted its position in shares of BancFirst by 6.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 2,085 shares of the bank's stock valued at $244,000 after acquiring an additional 133 shares in the last quarter. Capstone Triton Financial Group LLC boosted its position in shares of BancFirst by 1.1% during the 4th quarter. Capstone Triton Financial Group LLC now owns 13,403 shares of the bank's stock valued at $1,571,000 after acquiring an additional 145 shares in the last quarter. Stifel Financial Corp boosted its position in shares of BancFirst by 0.4% during the 4th quarter. Stifel Financial Corp now owns 38,005 shares of the bank's stock valued at $4,453,000 after acquiring an additional 155 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its position in shares of BancFirst by 1.2% during the 4th quarter. Thrivent Financial for Lutherans now owns 15,743 shares of the bank's stock valued at $1,845,000 after acquiring an additional 184 shares in the last quarter. 51.72% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several analysts have recently weighed in on BANF shares. Keefe, Bruyette & Woods lifted their target price on shares of BancFirst from $123.00 to $132.00 and gave the company a "market perform" rating in a research report on Friday. Wall Street Zen downgraded shares of BancFirst from a "hold" rating to a "sell" rating in a report on Friday.
Check Out Our Latest Stock Report on BANF
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 completion of the transaction, the director owned 6,000 shares in the company, 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 Securities & Exchange Commission, which can be accessed through this link. Also, EVP Randy Foraker sold 4,000 shares of the business's stock in a transaction that occurred 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. Insiders own 32.43% of the company's stock.
BancFirst Price Performance
Shares of NASDAQ BANF traded up $4.02 during trading on Friday, reaching $135.30. The company had a trading volume of 231,659 shares, compared to its average volume of 111,961. BancFirst Corporation has a 52 week low of $95.78 and a 52 week high of $137.40. The stock has a market cap of $4.50 billion, a PE ratio of 19.47 and a beta of 0.77. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.00 and a current ratio of 1.00. The business's 50 day moving average price is $125.53 and its 200-day moving average price is $118.52.
BancFirst (NASDAQ:BANF - Get Free Report) last announced 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 company had revenue of $169.30 million during 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 14.38%. Analysts expect that BancFirst Corporation will post 6.52 earnings per share for the current year.
BancFirst Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend was Monday, June 30th. BancFirst's dividend payout ratio (DPR) is 26.47%.
About BancFirst
(
Free Report)
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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