BancFirst Corporation $BANF Shares Sold by Champlain Investment Partners LLC

Champlain Investment Partners LLC reduced its stake in shares of BancFirst Corporation (NASDAQ:BANF) by 6.9% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 317,437 shares of the bank’s stock after selling 23,535 shares during the period. Champlain Investment Partners LLC’s holdings in BancFirst were worth $39,242,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of BANF. Prudential Financial Inc. raised its position in shares of BancFirst by 6.8% in the second quarter. Prudential Financial Inc. now owns 20,702 shares of the bank’s stock worth $2,559,000 after acquiring an additional 1,327 shares during the period. American Century Companies Inc. lifted its stake in BancFirst by 648.6% in the 2nd quarter. American Century Companies Inc. now owns 164,160 shares of the bank’s stock worth $20,294,000 after purchasing an additional 142,232 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of BancFirst by 2.7% during the 2nd quarter. Rhumbline Advisers now owns 74,655 shares of the bank’s stock worth $9,229,000 after purchasing an additional 1,978 shares during the last quarter. Legal & General Group Plc grew its position in shares of BancFirst by 1.6% in the second quarter. Legal & General Group Plc now owns 57,045 shares of the bank’s stock valued at $7,052,000 after purchasing an additional 893 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of BancFirst in the 2nd quarter worth $653,000. 51.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on BANF. Weiss Ratings reissued a “buy (b)” rating on shares of BancFirst in a research report on Wednesday, November 19th. Wall Street Zen downgraded shares of BancFirst from a “hold” rating to a “sell” rating in a research note on Saturday, October 25th. Keefe, Bruyette & Woods decreased their target price on shares of BancFirst from $132.00 to $120.00 and set a “market perform” rating on the stock in a report on Monday, October 20th. Finally, Zacks Research downgraded 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 assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $128.00.

BancFirst Stock Up 0.5%

Shares of BANF opened at $111.00 on Tuesday. The company’s 50-day moving average price is $118.04 and its 200 day moving average price is $123.79. BancFirst Corporation has a 12-month low of $97.02 and a 12-month high of $138.77. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.05. The firm has a market cap of $3.70 billion, a P/E ratio of 15.74 and a beta of 0.78.

BancFirst (NASDAQ:BANF) last announced its earnings results on Friday, October 17th. The bank reported $1.85 earnings per share 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 for the quarter, compared to analysts’ expectations of $174.60 million. On average, sell-side analysts forecast that BancFirst Corporation will post 6.52 earnings per share for the current year.

BancFirst Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be given a $0.49 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $1.96 dividend on an annualized basis and a yield of 1.8%. BancFirst’s payout ratio is presently 27.80%.

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.