Liberty One Investment Management LLC Sells 341 Shares of BancFirst Corporation $BANF

Liberty One Investment Management LLC trimmed its stake in shares of BancFirst Corporation (NASDAQ:BANF) by 6.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,186 shares of the bank’s stock after selling 341 shares during the quarter. Liberty One Investment Management LLC’s holdings in BancFirst were worth $641,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Principal Financial Group Inc. grew its position in BancFirst by 3.4% during the 1st quarter. Principal Financial Group Inc. now owns 108,842 shares of the bank’s stock worth $11,958,000 after acquiring an additional 3,594 shares during the last quarter. Rhumbline Advisers grew its position in BancFirst by 16.1% during the 1st quarter. Rhumbline Advisers now owns 72,677 shares of the bank’s stock worth $7,985,000 after acquiring an additional 10,088 shares during the last quarter. Public Sector Pension Investment Board grew its position in BancFirst by 27.7% during the 1st quarter. Public Sector Pension Investment Board now owns 63,235 shares of the bank’s stock worth $6,948,000 after acquiring an additional 13,704 shares during the last quarter. Nuveen LLC bought a new position in BancFirst during the 1st quarter worth approximately $6,912,000. Finally, Edgestream Partners L.P. bought a new position in BancFirst during the 1st quarter worth approximately $6,635,000. 51.72% of the stock is currently owned by institutional investors.

BancFirst Trading Up 1.7%

NASDAQ BANF opened at $114.83 on Tuesday. 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 Corporation has a twelve month low of $97.02 and a twelve month high of $138.77. The firm has a market capitalization of $3.82 billion, a PE ratio of 16.29 and a beta of 0.76. The stock’s 50 day moving average is $128.38 and its 200 day moving average is $124.16.

BancFirst (NASDAQ:BANF) last released its earnings results on Friday, October 17th. The bank reported $1.85 EPS for the quarter, missing the consensus estimate of $1.87 by ($0.02). BancFirst had a return on equity of 14.19% and a net margin of 24.94%.The company had revenue of $175.48 million during the quarter, compared to the consensus estimate of $174.60 million. Research analysts forecast that BancFirst Corporation will post 6.52 earnings per share for the current fiscal year.

BancFirst Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were issued a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 1.7%. This is a positive change from BancFirst’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Tuesday, September 30th. BancFirst’s dividend payout ratio is presently 27.80%.

Insider Buying and Selling

In other BancFirst news, Director F Ford Drummond sold 5,000 shares of the business’s 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 of the company’s stock, valued at approximately $757,740. The trade was a 45.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 32.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. DA Davidson raised their price target on BancFirst from $120.00 to $136.00 and gave the stock a “neutral” rating in a research report on Monday, July 21st. Wall Street Zen raised BancFirst from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Keefe, Bruyette & Woods reduced their target price on BancFirst from $132.00 to $120.00 and set a “market perform” rating on the stock in a research note on Monday. Zacks Research cut BancFirst from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 16th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of BancFirst in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $128.00.

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.