Public Sector Pension Investment Board Purchases 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 increased its position in shares of BancFirst Corporation (NASDAQ:BANF - Free Report) by 27.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 63,235 shares of the bank's stock after buying an additional 13,704 shares during the quarter. Public Sector Pension Investment Board owned 0.19% of BancFirst worth $6,948,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in BANF. GAMMA Investing LLC boosted its holdings in BancFirst by 211.2% during 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 in the last quarter. Sterling Capital Management LLC raised its position in BancFirst by 779.4% in the 4th quarter. Sterling Capital Management LLC now owns 554 shares of the bank's stock worth $65,000 after purchasing an additional 491 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of BancFirst in the 4th quarter valued at $135,000. Meeder Asset Management Inc. acquired a new position in shares of BancFirst in the 1st quarter valued at $181,000. Finally, Baird Financial Group Inc. acquired a new position in shares of BancFirst in the 4th quarter valued at $203,000. 51.72% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Randy Foraker sold 4,000 shares of the business's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $126.61, for a total transaction of $506,440.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director F Ford Drummond sold 5,000 shares of the business's stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $126.29, for a total transaction of $631,450.00. Following the sale, 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 disclosure for this sale can be found here. Insiders have sold 14,000 shares of company stock worth $1,758,490 in the last quarter. Company insiders own 32.43% of the company's stock.

BancFirst Price Performance

Shares of BancFirst stock traded up $0.35 during trading on Tuesday, reaching $125.34. 68,466 shares of the company's stock were exchanged, compared to its average volume of 114,342. The firm's 50-day moving average price is $125.51 and its 200 day moving average price is $119.63. The company has a market cap of $4.18 billion, a P/E ratio of 18.03 and a beta of 0.76. BancFirst Corporation has a 1-year low of $97.02 and a 1-year high of $137.40. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.01 and a current ratio of 1.01.

BancFirst (NASDAQ:BANF - Get Free Report) last posted 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. BancFirst had a net margin of 24.94% and a return on equity of 14.16%. The firm had revenue of $169.30 million for the quarter, compared to analysts' expectations of $163.62 million. As a group, research analysts anticipate that BancFirst Corporation will post 6.52 earnings per share for the current year.

BancFirst Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were issued a dividend of $0.46 per share. The ex-dividend date was Monday, June 30th. This represents a $1.84 annualized dividend and a dividend yield of 1.5%. BancFirst's dividend payout ratio is currently 26.47%.

Analyst Ratings Changes

Several analysts recently commented on the company. DA Davidson raised their price objective on BancFirst from $120.00 to $136.00 and gave the stock a "neutral" rating in a research note on Monday, July 21st. Wall Street Zen upgraded BancFirst from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Finally, Keefe, Bruyette & Woods raised their price objective on BancFirst from $123.00 to $132.00 and gave the company 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 data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average 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.