Jones Financial Companies Lllp Has $1.52 Million Holdings in BancFirst Corporation $BANF

Key Points

• Jones Financial Companies Lllp dramatically increased its holdings in BancFirst Corporation by **6,109.9%**, owning 13,848 shares worth approximately **$1.52 million** at the end of the recent quarter.
• Multiple institutional investors have adjusted their stakes in BancFirst, including a **34,094.7%** increase in shares held by **GAMMA Investing LLC**, further indicating growing confidence in the bank.
• BancFirst announced a **quarterly dividend increase** to **$0.49** per share, reflecting a positive change from the previous dividend of **$0.46**, with an annualized yield of **1.5%**.

Jones Financial Companies Lllp increased its position in BancFirst Corporation (NASDAQ:BANF - Free Report) by 6,109.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,848 shares of the bank's stock after acquiring an additional 13,625 shares during the quarter. Jones Financial Companies Lllp's holdings in BancFirst were worth $1,521,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Principal Financial Group Inc. increased its stake in BancFirst by 3.4% in the first quarter. Principal Financial Group Inc. now owns 108,842 shares of the bank's stock valued at $11,958,000 after acquiring an additional 3,594 shares during the period. Rhumbline Advisers lifted its holdings in BancFirst by 16.1% in the first quarter. Rhumbline Advisers now owns 72,677 shares of the bank's stock valued at $7,985,000 after buying an additional 10,088 shares during the period. Voloridge Investment Management LLC raised its holdings in BancFirst by 32.0% in the fourth quarter. Voloridge Investment Management LLC now owns 66,104 shares of the bank's stock worth $7,746,000 after purchasing an additional 16,010 shares during the period. GAMMA Investing LLC raised its holdings in BancFirst by 34,094.7% in the first quarter. GAMMA Investing LLC now owns 63,944 shares of the bank's stock worth $7,026,000 after purchasing an additional 63,757 shares during the period. Finally, Public Sector Pension Investment Board increased its position in shares of BancFirst by 27.7% during the first quarter. Public Sector Pension Investment Board now owns 63,235 shares of the bank's stock worth $6,948,000 after acquiring an additional 13,704 shares in the last quarter. Institutional investors and hedge funds own 51.72% of the company's stock.

Insiders Place Their Bets

In related news, Director F Ford Drummond sold 5,000 shares of BancFirst 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 sale, the director owned 6,000 shares in the company, valued at $757,740. The trade was a 45.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 32.43% of the stock is currently owned by company insiders.

Analyst Ratings Changes

BANF has been the subject of a number of analyst reports. Keefe, Bruyette & Woods raised 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, 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 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. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $134.00.

BancFirst Trading Down 0.8%

Shares of BancFirst stock opened at $133.54 on Friday. The company's 50-day moving average price is $128.89 and its 200-day moving average price is $121.33. The company has a market cap of $4.45 billion, a price-to-earnings ratio of 19.21 and a beta of 0.79. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.05. BancFirst Corporation has a 12-month low of $97.02 and a 12-month high of $138.77.

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, beating analysts' consensus estimates of $1.67 by $0.18. BancFirst had a net margin of 24.94% and a return on equity of 14.16%. The business had revenue of $169.30 million for the quarter, compared to the consensus estimate of $163.62 million. On average, equities analysts expect that BancFirst Corporation will post 6.52 earnings per share for the current fiscal year.

BancFirst Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued a $0.49 dividend. This is a positive change from BancFirst's previous quarterly dividend of $0.46. This represents a $1.96 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Tuesday, September 30th. BancFirst's dividend payout ratio (DPR) is 26.47%.

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.

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