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

A number of other hedge funds and other institutional investors have also made changes to their positions in BANF. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of BancFirst by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,844 shares of the bank's stock worth $1,301,000 after purchasing an additional 505 shares during the last quarter. Advisors Asset Management Inc. grew its stake in BancFirst by 108.6% in the first quarter. Advisors Asset Management Inc. now owns 559 shares of the bank's stock worth $61,000 after purchasing an additional 291 shares in the last quarter. Hsbc Holdings PLC increased its holdings in BancFirst by 4.4% in the first quarter. Hsbc Holdings PLC now owns 2,419 shares of the bank's stock valued at $265,000 after buying an additional 101 shares during the last quarter. Pinnacle Holdings LLC acquired a new stake in BancFirst during the first quarter valued at approximately $40,000. Finally, Vestmark Advisory Solutions Inc. lifted its holdings in BancFirst by 92.9% during the 1st quarter. Vestmark Advisory Solutions Inc. now owns 31,890 shares of the bank's stock worth $3,504,000 after buying an additional 15,354 shares during the last quarter. Institutional investors own 51.72% of the company's stock.

Insiders Place Their Bets

In related news, Director F Ford Drummond sold 5,000 shares of the business's stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $126.29, for a total transaction of $631,450.00. Following the transaction, the director directly owned 6,000 shares of the company's stock, valued at approximately $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 SEC, which is accessible through the SEC website. Insiders own 32.43% of the company's stock.

BancFirst Price Performance

Shares of BancFirst stock traded up $4.17 on Thursday, hitting $135.30. The company had a trading volume of 164,627 shares, compared to its average volume of 110,733. BancFirst Corporation has a 52 week low of $97.02 and a 52 week high of $138.77. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market cap of $4.51 billion, a PE ratio of 19.47 and a beta of 0.79. The business has a 50-day simple moving average of $129.06 and a 200-day simple moving average of $121.73.

BancFirst (NASDAQ:BANF - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The bank reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.18. BancFirst had a return on equity of 14.16% and a net margin of 24.94%.The business had revenue of $169.30 million during the quarter, compared to analyst estimates of $163.62 million. Research analysts expect that BancFirst Corporation will post 6.52 EPS for the current fiscal year.

BancFirst Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.49 per share. This is a positive change from BancFirst's previous quarterly dividend of $0.46. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Tuesday, September 30th. BancFirst's dividend payout ratio is presently 26.47%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. DA Davidson boosted 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. Wall Street Zen raised shares of BancFirst from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Keefe, Bruyette & Woods raised 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, Zacks Research downgraded shares of BancFirst from a "strong-buy" rating to a "hold" rating in a research report on Tuesday. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price 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.