BancFirst Corporation $BANF Shares Acquired by Rhumbline Advisers

Key Points

• Rhumbline Advisers increased its stake in BancFirst Corporation by 16.1% during Q1, reaching a total value of approximately $7.99 million.
• BancFirst has announced a quarterly dividend increase from $0.46 to $0.49 per share, with an annualized dividend of $1.96.
• Recent analysts have revised their price targets for BancFirst, with a consensus rating of "Hold" and an average target price of $134.00.

Rhumbline Advisers increased its position in shares of BancFirst Corporation (NASDAQ:BANF - Free Report) by 16.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 72,677 shares of the bank's stock after acquiring an additional 10,088 shares during the period. Rhumbline Advisers owned about 0.22% of BancFirst worth $7,985,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in BANF. Jane Street Group LLC acquired a new position in BancFirst during the first quarter worth about $3,646,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in BancFirst by 8.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 46,396 shares of the bank's stock valued at $5,098,000 after buying an additional 3,433 shares in the last quarter. Jones Financial Companies Lllp boosted its position in BancFirst by 6,109.9% in the first quarter. Jones Financial Companies Lllp now owns 13,848 shares of the bank's stock valued at $1,521,000 after buying an additional 13,625 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in BancFirst by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,844 shares of the bank's stock valued at $1,301,000 after buying an additional 505 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its position in BancFirst by 108.6% in the first quarter. Advisors Asset Management Inc. now owns 559 shares of the bank's stock valued at $61,000 after buying an additional 291 shares in the last quarter. Institutional investors and hedge funds own 51.72% of the company's stock.

BancFirst Stock Performance

BancFirst stock traded down $1.01 during mid-day trading on Friday, hitting $133.54. 117,064 shares of the company's stock traded hands, compared to its average volume of 95,015. BancFirst Corporation has a one year low of $97.02 and a one year high of $138.77. The company has a market cap of $4.45 billion, a PE ratio of 19.21 and a beta of 0.79. The firm has a 50 day moving average price of $128.89 and a 200 day moving average price of $121.39. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.05.

BancFirst (NASDAQ:BANF - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The bank reported $1.85 earnings per share (EPS) for the quarter, topping 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 company had revenue of $169.30 million during the quarter, compared to analysts' expectations of $163.62 million. On average, equities analysts forecast that BancFirst Corporation will post 6.52 EPS for the current 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 paid a $0.49 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. 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%. BancFirst's dividend payout ratio (DPR) is currently 26.47%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on BANF. 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. DA Davidson lifted their price target on shares of BancFirst from $120.00 to $136.00 and gave the stock a "neutral" rating in a report on Monday, July 21st. Finally, Wall Street Zen upgraded shares of BancFirst from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $134.00.

Insider Activity

In other news, Director F Ford Drummond sold 5,000 shares of the stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $126.29, for a total value of $631,450.00. Following the completion of the transaction, the director owned 6,000 shares of the company's stock, valued at approximately $757,740. This represents a 45.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 32.43% of the company's stock.

BancFirst Company 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.