Vestmark Advisory Solutions Inc. Has $1.83 Million Stake in BancFirst Corporation $BANF

Vestmark Advisory Solutions Inc. trimmed its holdings in shares of BancFirst Corporation (NASDAQ:BANF) by 53.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,820 shares of the bank’s stock after selling 17,070 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in BancFirst were worth $1,832,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of BANF. Principal Financial Group Inc. boosted its stake in BancFirst by 3.4% in the first quarter. Principal Financial Group Inc. now owns 108,842 shares of the bank’s stock valued at $11,958,000 after acquiring an additional 3,594 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of BancFirst by 1.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 29,206 shares of the bank’s stock valued at $3,209,000 after purchasing an additional 349 shares during the period. New York State Common Retirement Fund boosted its position in shares of BancFirst by 40.4% in the 1st quarter. New York State Common Retirement Fund now owns 15,286 shares of the bank’s stock worth $1,679,000 after purchasing an additional 4,400 shares during the last quarter. Edgestream Partners L.P. acquired a new stake in shares of BancFirst during the first quarter worth $6,635,000. Finally, Tectonic Advisors LLC grew its stake in shares of BancFirst by 30.8% during the first quarter. Tectonic Advisors LLC now owns 14,885 shares of the bank’s stock worth $1,635,000 after purchasing an additional 3,502 shares during the period. 51.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director F Ford Drummond sold 5,000 shares of the business’s stock in a transaction on Wednesday, August 13th. The shares were 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 32.43% of the company’s stock.

Wall Street Analysts Forecast Growth

BANF has been the topic of several analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of BancFirst in a research note on Wednesday, October 8th. Wall Street Zen cut BancFirst from a “hold” rating to a “sell” rating in a research note on Saturday, October 25th. Keefe, Bruyette & Woods cut their price target on shares of BancFirst from $132.00 to $120.00 and set a “market perform” rating on the stock in a research report on Monday, October 20th. DA Davidson lifted their price objective on shares of BancFirst from $120.00 to $136.00 and gave the stock a “neutral” rating in a research note on Monday, July 21st. Finally, Zacks Research cut shares of BancFirst from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 16th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, BancFirst has an average rating of “Hold” and an average target price of $128.00.

BancFirst Trading Up 2.0%

NASDAQ:BANF opened at $110.71 on Monday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.01 and a quick ratio of 1.01. The business’s 50-day simple moving average is $123.34 and its 200-day simple moving average is $124.57. BancFirst Corporation has a fifty-two week low of $97.02 and a fifty-two week high of $138.77. The stock has a market capitalization of $3.69 billion, a PE ratio of 15.70 and a beta of 0.78.

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

BancFirst Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were issued a dividend of $0.49 per share. The ex-dividend date was Tuesday, September 30th. This is a positive change from BancFirst’s previous quarterly dividend of $0.46. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.8%. BancFirst’s dividend payout ratio (DPR) is 27.80%.

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.