BancFirst Corporation $BANF Shares Sold by Vanguard Group Inc.

Key Points

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Vanguard Group Inc. reduced its stake in shares of BancFirst Corporation (NASDAQ:BANF - Free Report) by 1.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,266,845 shares of the bank's stock after selling 39,359 shares during the period. Vanguard Group Inc. owned 6.82% of BancFirst worth $249,058,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in BANF. Envestnet Asset Management Inc. lifted its holdings in BancFirst by 37.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 28,857 shares of the bank's stock valued at $3,381,000 after acquiring an additional 7,904 shares during the last quarter. Bank of Montreal Can lifted its holdings in BancFirst by 9.5% in the fourth quarter. Bank of Montreal Can now owns 4,144 shares of the bank's stock valued at $486,000 after acquiring an additional 360 shares during the last quarter. Invesco Ltd. lifted its holdings in BancFirst by 65.7% in the fourth quarter. Invesco Ltd. now owns 109,342 shares of the bank's stock valued at $12,813,000 after acquiring an additional 43,336 shares during the last quarter. Sterling Capital Management LLC lifted 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 acquiring an additional 491 shares during the last quarter. Finally, Summit Investment Advisors Inc. lifted its holdings in BancFirst by 6.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 2,085 shares of the bank's stock valued at $244,000 after acquiring an additional 133 shares during the last quarter. 51.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently commented on BANF. Keefe, Bruyette & Woods upped 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. DA Davidson upped 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, Wall Street Zen upgraded BancFirst from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $134.00.

BancFirst Stock Up 5.9%

BancFirst stock traded up $7.40 during mid-day trading on Friday, reaching $132.90. 139,482 shares of the company's stock were exchanged, compared to its average volume of 102,850. The company has a market cap of $4.43 billion, a P/E ratio of 19.12 and a beta of 0.76. BancFirst Corporation has a twelve month low of $97.02 and a twelve month high of $137.40. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.05. The company has a fifty day moving average of $125.88 and a 200-day moving average of $119.85.

BancFirst (NASDAQ:BANF - Get Free Report) last released its earnings results 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 analyst estimates of $163.62 million. BancFirst had a net margin of 24.94% and a return on equity of 14.16%. Sell-side analysts expect that BancFirst Corporation will post 6.52 EPS for the current year.

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 sale, the director directly owned 6,000 shares in the company, valued at approximately $757,740. This trade represents a 45.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 32.43% of the company's stock.

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.