Public Sector Pension Investment Board Acquires 13,704 Shares of BancFirst Corporation $BANF

Key Points

• The Public Sector Pension Investment Board increased its holdings in BancFirst Corporation by 27.7% during the 1st quarter, now owning approximately 0.19% of the bank's shares worth $6,948,000.
• BancFirst reported a quarterly earnings per share of $1.85, exceeding analysts' expectations, and had revenue of $169.30 million for the quarter.
• The company declared a quarterly dividend of $0.46 per share, resulting in an annualized dividend of $1.84 and a dividend yield of 1.5%.

Public Sector Pension Investment Board boosted its stake in BancFirst Corporation (NASDAQ:BANF - Free Report) by 27.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 63,235 shares of the bank's stock after purchasing an additional 13,704 shares during the period. Public Sector Pension Investment Board owned about 0.19% of BancFirst worth $6,948,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC increased its holdings in BancFirst by 211.2% in the first quarter. GAMMA Investing LLC now owns 582 shares of the bank's stock valued at $64,000 after purchasing an additional 395 shares during the period. Sterling Capital Management LLC increased its holdings in BancFirst by 779.4% in the fourth quarter. Sterling Capital Management LLC now owns 554 shares of the bank's stock valued at $65,000 after purchasing an additional 491 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in BancFirst in the fourth quarter valued at $135,000. Meeder Asset Management Inc. acquired a new stake in BancFirst in the first quarter valued at $181,000. Finally, Baird Financial Group Inc. acquired a new stake in BancFirst in the fourth quarter valued at $203,000. 51.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director F Ford Drummond sold 5,000 shares of the stock in a transaction dated 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 owned 6,000 shares of the company's stock, valued at $757,740. This represents a 45.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 32.43% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on BANF. Wall Street Zen upgraded BancFirst from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. DA Davidson increased their price objective 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 increased their price target on BancFirst from $123.00 to $132.00 and gave the stock a "market perform" rating in a report on Friday, July 18th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, BancFirst has a consensus rating of "Hold" and a consensus price target of $134.00.

BancFirst Stock Down 0.7%

Shares of BANF stock traded down $0.92 on Thursday, reaching $125.50. 102,716 shares of the company were exchanged, compared to its average volume of 102,241. The company has a market cap of $4.18 billion, a price-to-earnings ratio of 18.06 and a beta of 0.76. The company has a 50-day moving average of $125.62 and a 200-day moving average of $119.78. 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 Corporation has a one year low of $97.02 and a one year high of $137.40.

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

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.