SG Americas Securities LLC Has $1.24 Million Holdings in BancFirst Corporation $BANF

Key Points

• SG Americas Securities LLC increased its stake in BancFirst by 1,012.1% in Q4, buying 10,668 shares to hold 11,722 shares worth about $1.243 million, and institutional investors now own roughly 51.72% of the stock.
• BancFirst reported Q4 EPS of $1.75, missing estimates by $0.03 while revenue of $181.0M beat consensus, and the bank declared a quarterly dividend of $0.49 (annualized $1.96, ~1.8% yield).
• The shares trade near $110 with a market cap of $3.71 billion, a P/E of 15.54, a 12‑month range of $99.78–$138.77, and Wall Street’s consensus rating is Hold with a $124 target.

SG Americas Securities LLC grew its holdings in shares of BancFirst Corporation (NASDAQ:BANF - Free Report) by 1,012.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,722 shares of the bank's stock after purchasing an additional 10,668 shares during the period. SG Americas Securities LLC's holdings in BancFirst were worth $1,243,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. BancFirst Trust & Investment Management boosted its position in shares of BancFirst by 0.8% during the 3rd quarter. BancFirst Trust & Investment Management now owns 886,571 shares of the bank's stock worth $113,224,000 after acquiring an additional 7,056 shares in the last quarter. Invesco Ltd. boosted its position in shares of BancFirst by 73.4% during the 3rd quarter. Invesco Ltd. now owns 163,512 shares of the bank's stock worth $20,676,000 after acquiring an additional 69,192 shares in the last quarter. Raymond James Financial Inc. boosted its position in shares of BancFirst by 33.5% during the 3rd quarter. Raymond James Financial Inc. now owns 134,175 shares of the bank's stock worth $16,966,000 after acquiring an additional 33,636 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of BancFirst by 6.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 123,985 shares of the bank's stock worth $15,678,000 after acquiring an additional 7,846 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of BancFirst by 14.5% during the 3rd quarter. Principal Financial Group Inc. now owns 113,346 shares of the bank's stock worth $14,333,000 after acquiring an additional 14,333 shares in the last quarter. Institutional investors and hedge funds own 51.72% of the company's stock.

BancFirst Price Performance

Shares of NASDAQ BANF opened at $110.66 on Wednesday. BancFirst Corporation has a twelve month low of $99.78 and a twelve month high of $138.77. The firm has a fifty day simple moving average of $111.28 and a 200 day simple moving average of $112.90. The company has a market capitalization of $3.71 billion, a PE ratio of 15.54 and a beta of 0.61. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.05.

BancFirst (NASDAQ:BANF - Get Free Report) last announced its earnings results on Thursday, January 22nd. The bank reported $1.75 earnings per share for the quarter, missing analysts' consensus estimates of $1.78 by ($0.03). BancFirst had a return on equity of 13.68% and a net margin of 25.05%.The firm had revenue of $181.00 million for the quarter, compared to the consensus estimate of $173.76 million. On average, sell-side analysts forecast that BancFirst Corporation will post 6.52 EPS for the current year.

BancFirst Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be paid a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Tuesday, March 31st. BancFirst's payout ratio is 27.53%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on BANF. Weiss Ratings lowered shares of BancFirst from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, March 27th. DA Davidson restated a "neutral" rating and issued a $125.00 target price on shares of BancFirst in a research report on Monday, March 9th. Finally, Keefe, Bruyette & Woods raised their target price on shares of BancFirst from $120.00 to $123.00 and gave the company a "market perform" rating in a research report on Friday, January 23rd. Four investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, BancFirst presently has an average rating of "Hold" and a consensus target price of $124.00.

BancFirst Profile

BancFirst Corporation is a regional banking holding company based in Oklahoma City, Oklahoma. As the largest state‐chartered bank in Oklahoma, BancFirst offers a comprehensive suite of financial services to individuals, businesses and government entities. Its core business activities include commercial and consumer banking, mortgage lending, treasury management, equipment financing and electronic banking solutions.

The bank operates a network of more than 60 branches across Oklahoma, serving urban centers such as Oklahoma City and Tulsa, as well as rural communities throughout the state.

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