Sei Investments Co. lifted its position in shares of BancFirst Corporation (NASDAQ:BANF – Free Report) by 21.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,699 shares of the bank’s stock after acquiring an additional 7,986 shares during the quarter. Sei Investments Co. owned 0.13% of BancFirst worth $4,850,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Parallel Advisors LLC increased its stake in shares of BancFirst by 17.7% in the 1st quarter. Parallel Advisors LLC now owns 1,082 shares of the bank’s stock valued at $117,000 after purchasing an additional 163 shares in the last quarter. KBC Group NV boosted its position in BancFirst by 51.1% during the first quarter. KBC Group NV now owns 991 shares of the bank’s stock worth $108,000 after purchasing an additional 335 shares in the last quarter. Fifth Third Bancorp boosted its position in BancFirst by 16,173.1% during the first quarter. Fifth Third Bancorp now owns 12,693 shares of the bank’s stock worth $1,377,000 after purchasing an additional 12,615 shares in the last quarter. Inspire Investing LLC grew its holdings in BancFirst by 6.6% in the first quarter. Inspire Investing LLC now owns 4,698 shares of the bank’s stock valued at $510,000 after purchasing an additional 291 shares during the period. Finally, Pictet Asset Management Holding SA grew its holdings in BancFirst by 15.6% in the first quarter. Pictet Asset Management Holding SA now owns 3,489 shares of the bank’s stock valued at $379,000 after purchasing an additional 470 shares during the period. 51.72% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several research analysts have recently weighed in on the company. Zacks Research raised BancFirst from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. DA Davidson reissued a “neutral” rating and issued a $125.00 price target on shares of BancFirst in a research note on Friday, June 12th. Wall Street Zen raised shares of BancFirst from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Keefe, Bruyette & Woods reduced their price objective on shares of BancFirst from $123.00 to $121.00 and set a “market perform” rating for the company in a research report on Wednesday. Finally, Weiss Ratings downgraded shares of BancFirst from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $123.00.
Insiders Place Their Bets
In related news, Director David E. Rainbolt sold 81,492 shares of the company’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $116.71, for a total transaction of $9,510,931.32. Following the completion of the sale, the director owned 55,551 shares of the company’s stock, valued at approximately $6,483,357.21. This represents a 59.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 153,277 shares of company stock worth $17,813,259 in the last quarter. Insiders own 31.67% of the company’s stock.
BancFirst Stock Down 0.4%
NASDAQ BANF opened at $114.12 on Thursday. The business has a fifty day moving average price of $113.43 and a 200 day moving average price of $112.34. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.04 and a current ratio of 1.04. The company has a market cap of $3.83 billion, a P/E ratio of 15.40 and a beta of 0.61. BancFirst Corporation has a one year low of $101.48 and a one year high of $138.77.
BancFirst (NASDAQ:BANF – Get Free Report) last announced its earnings results on Friday, July 24th. The bank reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.80 by $0.16. The company had revenue of $187.49 million for the quarter, compared to analysts’ expectations of $178.53 million. BancFirst had a net margin of 31.96% and a return on equity of 13.64%. Research analysts anticipate that BancFirst Corporation will post 7.67 EPS for the current fiscal year.
BancFirst Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a dividend of $0.49 per share. The ex-dividend date was Tuesday, June 30th. This represents a $1.96 dividend on an annualized basis and a yield of 1.7%. BancFirst’s payout ratio is presently 26.45%.
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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