BancFirst Corporation $BANF is BancFirst Trust & Investment Management’s Largest Position

BancFirst Trust & Investment Management raised its position in shares of BancFirst Corporation (NASDAQ:BANF) by 0.8% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 886,571 shares of the bank’s stock after acquiring an additional 7,056 shares during the period. BancFirst makes up approximately 43.1% of BancFirst Trust & Investment Management’s holdings, making the stock its largest holding. BancFirst Trust & Investment Management’s holdings in BancFirst were worth $113,224,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Nisa Investment Advisors LLC lifted its stake in shares of BancFirst by 548.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 201 shares of the bank’s stock valued at $25,000 after purchasing an additional 170 shares during the period. EverSource Wealth Advisors LLC lifted its position in BancFirst by 957.9% during the second quarter. EverSource Wealth Advisors LLC now owns 402 shares of the bank’s stock valued at $50,000 after buying an additional 364 shares during the period. Advisors Asset Management Inc. boosted its holdings in shares of BancFirst by 108.6% during the 1st quarter. Advisors Asset Management Inc. now owns 559 shares of the bank’s stock valued at $61,000 after buying an additional 291 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of BancFirst by 38.1% during the 2nd quarter. GAMMA Investing LLC now owns 804 shares of the bank’s stock valued at $99,000 after buying an additional 222 shares in the last quarter. Finally, State of Wyoming purchased a new stake in shares of BancFirst in the 2nd quarter worth about $121,000. Institutional investors own 51.72% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on BANF. Weiss Ratings reissued a “buy (b)” rating on shares of BancFirst in a research report on Monday, December 8th. Keefe, Bruyette & Woods cut their price objective 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. Wall Street Zen downgraded shares of BancFirst from a “hold” rating to a “sell” rating in a research note on Saturday, October 25th. Finally, Zacks Research cut BancFirst from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 16th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, BancFirst currently has an average rating of “Hold” and an average price target of $128.00.

BancFirst Stock Down 0.1%

BANF stock opened at $113.28 on Monday. The stock has a market capitalization of $3.78 billion, a P/E ratio of 16.07 and a beta of 0.67. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.02 and a quick ratio of 1.02. BancFirst Corporation has a 1-year low of $97.02 and a 1-year high of $138.77. The business has a fifty day moving average price of $112.99 and a 200-day moving average price of $122.30.

BancFirst (NASDAQ:BANF) last released its quarterly earnings data 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 13.97% and a net margin of 25.13%.The business had revenue of $175.48 million during the quarter, compared to the consensus estimate of $174.60 million. Equities analysts forecast that BancFirst Corporation will post 6.52 earnings per share for the current fiscal year.

BancFirst Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be paid a $0.49 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.7%. BancFirst’s payout ratio is currently 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.