Dimensional Fund Advisors LP Has $106.20 Million Holdings in BancFirst Corporation $BANF

Key Points

• Dimensional Fund Advisors LP decreased its stake in BancFirst Corporation by 2.8% during the first quarter, now holding 966,645 shares valued at approximately $106.2 million.
• Several institutional investors increased their positions in BancFirst recently, with GAMMA Investing LLC raising its stake by 211.2% in the first quarter.
• Analysts have raised their target prices for BancFirst, with DA Davidson updating it from $120 to $136, while the overall average target price is now $134.

Dimensional Fund Advisors LP trimmed its holdings in shares of BancFirst Corporation (NASDAQ:BANF - Free Report) by 2.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 966,645 shares of the bank's stock after selling 28,189 shares during the period. Dimensional Fund Advisors LP owned 2.91% of BancFirst worth $106,202,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. increased its holdings in BancFirst by 3.4% during the 1st quarter. Principal Financial Group Inc. now owns 108,842 shares of the bank's stock valued at $11,958,000 after purchasing an additional 3,594 shares in the last quarter. GAMMA Investing LLC increased its holdings in BancFirst by 34,094.7% during the 1st quarter. GAMMA Investing LLC now owns 63,944 shares of the bank's stock valued at $7,026,000 after purchasing an additional 63,757 shares in the last quarter. Victory Capital Management Inc. increased its holdings in BancFirst by 114.2% during the 1st quarter. Victory Capital Management Inc. now owns 19,518 shares of the bank's stock valued at $2,144,000 after purchasing an additional 10,404 shares in the last quarter. Rhumbline Advisers increased its holdings in BancFirst by 16.1% during the 1st quarter. Rhumbline Advisers now owns 72,677 shares of the bank's stock valued at $7,985,000 after purchasing an additional 10,088 shares in the last quarter. Finally, Millennium Management LLC increased its holdings in BancFirst by 31.2% during the 4th quarter. Millennium Management LLC now owns 38,098 shares of the bank's stock valued at $4,464,000 after purchasing an additional 9,064 shares in the last quarter. 51.72% of the stock is owned by institutional investors and hedge funds.

BancFirst Trading Up 0.3%

Shares of NASDAQ BANF traded up $0.41 during midday trading on Thursday, hitting $134.26. The stock had a trading volume of 102,670 shares, compared to its average volume of 104,896. The company's 50-day simple moving average is $127.05 and its 200 day simple moving average is $120.19. The firm has a market cap of $4.47 billion, a P/E ratio of 19.32 and a beta of 0.76. BancFirst Corporation has a fifty-two week low of $97.02 and a fifty-two week high of $137.40. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.01 and a quick ratio of 1.01.

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

Insider Activity at BancFirst

In related news, Director F Ford Drummond sold 5,000 shares of BancFirst stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $126.29, for a total transaction of $631,450.00. Following the completion of the sale, the director directly owned 6,000 shares of the company's stock, valued at $757,740. 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 is available at this link. 32.43% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

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

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.