Great Lakes Advisors LLC Has $2.51 Million Stock Position in BancFirst Corporation $BANF

Great Lakes Advisors LLC decreased its holdings in shares of BancFirst Corporation (NASDAQ:BANF) by 45.9% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 19,818 shares of the bank’s stock after selling 16,844 shares during the quarter. Great Lakes Advisors LLC’s holdings in BancFirst were worth $2,506,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd bought a new stake in BancFirst in the second quarter worth $653,000. Norges Bank acquired a new stake in shares of BancFirst during the 2nd quarter worth about $32,326,000. Callan Family Office LLC raised its holdings in shares of BancFirst by 842.2% in the second quarter. Callan Family Office LLC now owns 25,750 shares of the bank’s stock valued at $3,183,000 after buying an additional 23,017 shares during the last quarter. American Century Companies Inc. raised its position in shares of BancFirst by 648.6% during the second quarter. American Century Companies Inc. now owns 164,160 shares of the bank’s stock worth $20,294,000 after acquiring an additional 142,232 shares during the last quarter. Finally, Triton Financial Group Inc bought a new stake in shares of BancFirst during the 2nd quarter valued at $1,791,000. 51.72% of the stock is owned by hedge funds and other institutional investors.

BancFirst Trading Up 0.7%

Shares of BancFirst stock opened at $109.95 on Friday. BancFirst Corporation has a 52 week low of $97.02 and a 52 week high of $138.77. The stock has a market capitalization of $3.66 billion, a PE ratio of 15.44 and a beta of 0.66. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a 50 day moving average price of $110.62 and a two-hundred day moving average price of $118.83.

BancFirst (NASDAQ:BANF) last issued its quarterly earnings data on Thursday, January 22nd. The bank reported $1.75 EPS for the quarter, missing the consensus estimate of $1.78 by ($0.03). BancFirst had a return on equity of 13.93% and a net margin of 25.13%.The company had revenue of $181.00 million during the quarter, compared to analysts’ expectations of $173.76 million. As a group, equities analysts anticipate that BancFirst Corporation will post 6.52 earnings per share for the current fiscal year.

BancFirst Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Wednesday, December 31st. BancFirst’s dividend payout ratio is currently 27.53%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods upped their price target on shares of BancFirst from $120.00 to $123.00 and gave the company a “market perform” rating in a report on Friday, January 23rd. Wall Street Zen cut BancFirst from a “hold” rating to a “sell” rating in a report on Saturday, October 25th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of BancFirst in a research note on Monday, December 22nd. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $129.50.

BancFirst Company 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.