Prudential Financial Inc. lessened its stake in BancFirst Co. (NASDAQ:BANF) by 3.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,828 shares of the bank’s stock after selling 2,172 shares during the quarter. Prudential Financial Inc. owned 0.18% of BancFirst worth $2,886,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of Montreal Can increased its holdings in BancFirst by 5.7% during the 4th quarter. Bank of Montreal Can now owns 38,317 shares of the bank’s stock valued at $1,912,000 after acquiring an additional 2,082 shares in the last quarter. Granite Investment Partners LLC increased its holdings in BancFirst by 3.9% during the 3rd quarter. Granite Investment Partners LLC now owns 143,645 shares of the bank’s stock valued at $8,611,000 after acquiring an additional 5,380 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in BancFirst by 0.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 374,344 shares of the bank’s stock valued at $22,441,000 after acquiring an additional 3,187 shares in the last quarter. Citadel Advisors LLC purchased a new position in BancFirst during the 3rd quarter valued at about $212,000. Finally, BlackRock Inc. increased its holdings in BancFirst by 3.4% during the 3rd quarter. BlackRock Inc. now owns 1,264,137 shares of the bank’s stock valued at $75,786,000 after acquiring an additional 41,211 shares in the last quarter. Institutional investors and hedge funds own 33.48% of the company’s stock.
BANF has been the subject of several recent research reports. Zacks Investment Research downgraded shares of BancFirst from a “buy” rating to a “hold” rating in a report on Monday, November 19th. BidaskClub downgraded shares of BancFirst from a “hold” rating to a “sell” rating in a report on Wednesday, November 28th. Finally, ValuEngine upgraded shares of BancFirst from a “strong sell” rating to a “sell” rating in a report on Wednesday, January 2nd.
NASDAQ:BANF opened at $55.21 on Friday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.03. BancFirst Co. has a twelve month low of $48.07 and a twelve month high of $65.70. The stock has a market cap of $1.80 billion, a price-to-earnings ratio of 14.45, a price-to-earnings-growth ratio of 2.08 and a beta of 0.79.
BancFirst (NASDAQ:BANF) last posted its earnings results on Thursday, January 17th. The bank reported $0.98 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.04. The firm had revenue of $100.74 million during the quarter, compared to the consensus estimate of $97.57 million. BancFirst had a net margin of 29.37% and a return on equity of 14.68%. On average, research analysts forecast that BancFirst Co. will post 3.76 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 29th will be issued a dividend of $0.30 per share. The ex-dividend date is Thursday, March 28th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.17%. BancFirst’s dividend payout ratio (DPR) is presently 31.41%.
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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. It operates through Metropolitan Banks, Community Banks, and Other Financial Services segments. The company offers checking accounts, negotiable order of withdrawal accounts, savings accounts, money market accounts, sweep accounts, club accounts, individual retirement accounts, and certificates of deposit, as well as overdraft protection and auto draft services.
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